login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

How does the fixed deposit (FD) calculator assist in future financial planning?

mahindra-finance-author

by Mahindra Finance

|

December 11, 2023

|

1 mins read

Fixed deposit interest rate calculator in india is an invaluable tool for all who wish to invest in a fixed deposit scheme. It not only helps you know the exact interest you earn from the deposit and the maturity value but also allows you to plan your finance more effectively.

By knowing the exact amount, you get at the end of the deposit term, you can choose to invest more so that you get the desired returns, or you can also reinvest the amount for a few more years till you get the desired amount.

The calculator also tells you how long you need to be invested to get the returns that can meet your goals.

Related articles

Factors To Consider Before Choosing Used Car Loan Tenure

Introduction Are you planning to buy a used car? Due to their convenience and affordability, used cars have become increasingly popular choices in India. However, buying a car, whether new or used, of...

KNOW MORE

July 4, 2024

TDS on FD Interest – How Much Tax Is Deducted On Fixed Deposit (FD)

In the intricate world of finance, fixed deposits (FDs) stand as havens for risk-averse investors seeking guaranteed returns and steady growth. But even these havens are not immune to the clutches of ...

KNOW MORE

February 5, 2024

How to calculate EMI for car loan: A step-by-step guide

Buying a car is a dream for many. To fulfil this aspiration, many, who may not have enough savings to buy their dream car in cash, take car loans from banks by paying a small down payment. Such car ow...

KNOW MORE

February 7, 2024