When you invest in FD, you earn interest on the invested amount as per the prevailing interest rate. The interest keeps compounding over time till the maturity date, allowing you to grow your savings. As an investor, you must know the actual interest you earn at the end of the term, allowing you to make an informed investment decision.
But it can be cumbersome and overwhelming to calculate fd rate manually. So, it is better to use our FD calculator. It is an easy-to-use online tool that allows you to know the exact interest you earn and the total maturity value with just a click of a few buttons.
How to use our Fixed Deposit Calculator?
Using our fixed deposit calculator is easy, and the design or interface of the calculator is user-friendly. All you have to follow a few simple steps –
- Select the applicant type – whether you are a senior citizen or not.
- Enter the FD investment amount.
- Enter tenure for Your FD, i.e., the period you want to invest in. It can range from 12 to 60 months.
- Select the interest payout term. Whether you want to receive the interest monthly, quarterly, half-yearly or annually.
As soon as you enter all the details, you can immediately see the results on the right side. You can see the actual investment amount, the interest earned and the total maturity value. If you wish to book an FD online, the Mahindra Finance FD Calculator is easily accessible, allowing you to access it from anywhere and at any time.
Benefits of using Fixed Deposit Calculator
Using FD rate calculator online benefits, you in more than one way, including:
The Mahindra Finance fixed deposit interest rate calculator uses advanced algorithm to compute the interest earned, taking into consideration factors like investment period, interest rate and deposit amount. The results you get are accurate and reliable.
Easy to use
You can use the FD calculator online, which makes it convenient to use anytime and from anywhere you want. You can know the exact interest you can earn on your fixed deposit from your home, office or even while travelling, without the need to visit any branch.
Our FD rate calculator is designed specifically to provide quick and accurate results; you can know the interest earned on FD within a few seconds. Also, by using our fixed deposit interest rate calculator, you can avoid doing complex calculations manually.
Perhaps the most import important benefit of using fixed deposit calculator is that it allows you to plan your finances more effectively by giving you a clear and accurate picture of the interest you earn, and the maturity value of the deposit. Thus, you can invest accordingly and plan your goals accordingly.
The Mahindra Finance fixed deposit calculator is a valuable tool for everyone looking to invest in fixed deposits. It calculates FD rates, provides accurate results, saves time, and helps with better financial planning.
Click to know Fixed deposit Eligibility and the interest rates offered to start your fixed deposit investment.