The FD Interest Rate Calculator: How It Can Benefit You

To be stable in the financial sphere of your life, it is essential to invest timely and accurately in your life. In India, there are tons of investment schemes to be considered. However, when it comes to long-term investments, most Indians usually consider a fixed deposit. 

Moreover, they use an FD interest rates calculator first, which gives them an exact idea of what they’ll be getting when the investment tenure ends. This helps them to plan accordingly in their life. Furthermore, a long-term investment gives you and your loved ones a safe and sound feeling. 

What is a fixed deposit?

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Also known as a term deposit, a fixed deposit is a type of investment scheme offered by banks and financial institutions. In this scheme, an individual agrees to leave the funds in the account for a certain time period that, usually ranges from a few months to several years. In return, the bank or financial institution offers a higher rate of interest on the deposit than it generally offers in a regular savings account. 

Furthermore, if an investor plans to withdraw funds before the tenure ends, a penalty will incur. Therefore, it is considered as one of the most safest investments in our country as the interest rate is guaranteed here, which assures guaranteed returns as well. 

What is an FD calculator?

As the name suggests, it is a tool that helps individuals calculate the maturity amount as well as the interest amount earned on the fixed deposit investment. So, basically, you enter the required details, such as principal amount, tenure and the rate of interest, and within seconds, you get the figures of your return on investment. 

The FD interest rates calculator considers the rate of interest and compounding frequency to provide an estimate of the maturity value and the interest amount earned on the deposited money. 

Which calculator to use and how to use it?

Here, I’ll share my personal experience so that the readers can easily understand. For around six months now, I’ve been using the Bajaj Finserv application on my mobile, and it was in this application only that I discovered this app. So, believe me, if you plan to invest in a fixed deposit, using this tool beforehand is a must. 

  1. Download the app from Play Store/App Store
  2. Sign up
  3. Tap on three bars situated on the top right on the home page.
  4. Choose ‘Try our Calculators’ and go to ‘Deposits Calculators’
  5. Choose ‘Fixed Deposit Interest Calculator
  6. Fill in the required information.


Therefore, it is highly advisable that if you are planning to invest in such a scheme, using an FD calculator is beneficial for you in the long run. This is because it is important to know first what you’ll be getting reaping after what you sow! 

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