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Want to know how much you can earn on fixed deposits? Here is a fixed deposits calculator by Funds Tiger that lets you identify the maturity amount and the interest earned when you open a Fixed Deposit.
Fixed Deposit (FD) is a financial instrument provided by banks which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.
Fixed Deposit scheme offers short-term deposits with the shortest term being 30 days. FD interest rates range from 5.25% to 7.25% compounded quarterly. For 60, 90, and 120 days the fixed deposit rate is 6.5%. A 6 month period for fixed deposit gives an interest of 6.75% .
FD Calculator helps you calculate the maturity amount and interest earned for any Fixed Deposit account. The interest rates differs bank to bank and also on the maturity period. The interest is compounded quarterly in most banks.
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