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Fixed Deposits are one of the best investment options available today if you are willing to take no risk. The best part of this investment option is that you get a guaranteed return on the money for a fixed period. But before you invest your hard-earned money into this investment option, you should always be aware of it. For this purpose, you can use FD calculator   which you can use to calculate the interest on your deposits over a period of time. Though you can calculate that manually, it would be much easier. While calculating you need to put some money in your account, you can not pay for it. The formula used for calculating maturity on your returns is: A = P * (1+ r / n) * t ^ n I = A - P Where, A stands for Maturity value P stands for Major amount r stands for rate of interest t stands for Number of years n stands for Compounded interest frequency I stands for Interest There are several benefits that you can have while calculating your budget amount using an FD calculat...

Two forms of investments that people usually believe in, is, either FD or a savings account. However, not many know that investing in an FD is a far more superior option that a savings account. Some of the benefits that an FD offers over a savings account is listed as follows: Interest rate: Interest rates offered on an FD, and a savings account differs. Higher interest rates are offered even on short term FDs. Disciplines your finances: If you have money in your savings account, you tend to spend it without keeping an eye on where it's going. Ultimately you end up spending more than decided. However, an FD does not allow the same, and your money remains intact. A lower amount of risk: An FD is any day safer than a savings account since there are fewer chances of fraudulent practices. Flexibility: An FD offers more flexibility in terms of interest rates, tenures, and amount. However, a savings bank account does not allow the same. ...

Everyone wants to save most of their hard-earned funds. Thus, saving money from taxes is a priority of so many people these days. Unlike other sources, a fixed deposit is a risk-free way to save money on taxes. A tax saving FD helps you deposit your money for a period of up to 5 years, and allows interest on them, which acts as revenue for the depositor. As per Section 80 C, an investor can claim a tax benefit of up to Rs 1.5 lakhs per annum.  Benefits of availing a Fixed Deposit : Short tenure: A tax saving FD is locked in for a maximum period of 5 years. Thus, tax benefits can be enjoyed only in a short period also. Less risk involved: A tax saving FD is the safest deal for people who don't prefer taking risks with their funds. There is no provision of losing one's money in this case. Joint deposits facility: This FD allows people to invest their funds in collaboration with a family member. Thus, all the family's funds can be kept togethe...

A fixed deposit is the most common way to invest your funds. It is by far the safest option to invest your funds. However, people are not aware of a fixed deposit , as there are certain misconceptions around it, that govern the common people's minds. Some of the myth are listed as follows: MYTH1: Fixed deposit is all about big funds- It is usually believed by people that, an FD requires a large fund to be deposited with the Bank. However, this is just a myth since an FD can be made even with a minimum amount of Rs 1000. MYTH2: FD is offered only by Banks- Another myth that is commonly heard of is, that an FD can be deposited only with the Bank. Indeed, Banks, as well as NBFCs, allow FD with them. MYTH3: Regular withdrawal is a good idea- It is commonly believed that regularly withdrawing from a bank, would be of help. However, by doing so, the benefit of compounded interest gets reduced. Thus, regular withdrawals are not advisable.  MYTH4:...