FD Calculator
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1CR
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30
What is an FD Calculator?
FD Calculator is a financial tool used to calculate the maturity amount of a Fixed Deposit (FD) investment. A fixed Deposit is a savings scheme offered by banks and other financial institutions that provides a fixed rate of interest for a specified period of time.
How can FD Calculator help you?
The FD Calculator will then calculate the maturity amount you would receive at the end of the tenure, including the interest earned. This information can be useful in helping you plan your savings and make informed decisions about investing in a fixed deposit. Additionally, you can use the FD Calculator to compare the returns from different banks and investment options to determine which one best fits your needs and budget.
How to use the SwiftTax FD Calculator?
Note: The maturity amount estimated by the calculator is only an estimate and may not reflect the actual amount you will receive. The actual amount may depend on the interest rate offered by the bank or financial institution, as well as any taxes or charges that may apply.
Here are the steps to use the SwiftTax FD calculator:
- Visit the SwiftTax website, click Calculators, and select the “FD Calculator” option.
- Enter the deposit amount that you plan to deposit in the Fixed Deposit (FD) account.
- Enter the interest rate offered by the bank or financial institution on the FD.
- Enter the tenure for which you want to keep the FD. It is usually expressed in months or years.
- After entering the above information, press the “calculate” button to see the estimated maturity amount.
- Review the results to see the estimated maturity amount and check if it aligns with your expectations.