Fixed Deposit Calculator
Calculate the returns on your fixed deposit or term deposit investment.
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Understanding Fixed Deposits
Fixed deposits are low-risk investment options that offer guaranteed returns. They're perfect for conservative investors who prioritize capital protection over high returns.
Compare with other investments:
Savings Account
Lower returns but high liquidity
Government Bonds
Similar safety with potentially better returns
Mutual Funds
Higher potential returns but with risk
Fixed Deposit Strategies
FD Laddering
Split your investment across multiple FDs with different maturity dates for regular income
Auto-Renewal
Set up automatic renewal to ensure continuous compounding without gaps
Senior Citizen Benefits
Take advantage of higher interest rates offered to senior citizens
Tax Planning
Consider tax-saving FDs that offer deductions under Section 80C
Frequently Asked Questions
Is my money safe in a fixed deposit?
Yes, FDs are insured by deposit insurance up to a certain limit and are considered very safe investments.
Can I withdraw money before maturity?
Yes, but premature withdrawal usually comes with a penalty and reduced interest rates.
How is interest calculated on FDs?
Interest can be simple or compound, depending on the bank and scheme. Compound interest gives better returns.
What's the difference between cumulative and non-cumulative FDs?
Cumulative FDs reinvest interest for compounding, while non-cumulative FDs pay interest periodically.