Fixed Deposit Calculator is an online investment return assessment tool to calculate the compound interest and total value of your fixed deposit investment over time. The principal amount, interest rate, maturity period in years and compounding frequency are the key components to figure out the toatl returns you can get at the end of the maturity period.
A Fixed Deposit is the money deposit at a banking institution that cannot be withdrawn for a certain term or period of time. Fixed Deposits is similar to your savings account but it earns at a higher interest rate. As for how long this time period is will depend on the Fixed Deposit that you are leaving it in. As for how long this time period is will depend on the Term Deposit that you are leaving it in. The penalty will be taken for taking out or cancelling your Fixed Deposits. The bank will pay you at the prevailing rates for savings account most of the time. In order to calculate fixed deposit return, this fixed deposit calculator provides you the way to compare different deposit plans available with the financial institution