Friday, September 27, 2013

Evaluate your return through a fixed deposit calculator

This fixed deposit calculator offers you the yield on the principal when compound interest is paid quarterly.  Effective return is the real yield on your Fixed Deposit.  It relies on the interest rate and the rate of compounding.  The majority of the banks carry out the compounding on a quarterly basis, and hence this fixed Deposit Calculator can be employed to know the ripeness value of your fixed revenue deposits or securities.  

Fixed Deposit systems are proposed by all banks. These banks feature the fixed deposit schemes, fixed Deposit Calculator on their own websites.  However, in case you desire to compute compounding on other basis such as annually, half yearly or monthly basis, you can make use of the fixed Deposit Calculator featured on the websites of the banks where you have deposited the amount.

Summary: The fixed deposit calculator assists you find out how much interest you can get on a fixed deposit and the worth of your investment on Maturity. 

Thursday, September 19, 2013

Advantages of investing in Fixed Deposits

Fixed deposits are easy to understand and help grow your money and keep it safe. Fixed deposits are forced savings if you withdraw before maturity you lose all the interest on it. To attract more customers, banks have increased the fixed deposit rates.

Almost all private and public sector banks have increased fixed deposit rates, which has made it difficult for people to choose the right bank which offers the best fixed deposit rates in the market. The simplest, easiest and most convenient way to check the best offer on fixed deposit rates is a fixed deposit calculator. This calculator enables you to calculate the maturity amount. This calculator also helps in picking a bank which offers the highest fixed deposit rates.


Summary: People from all walks of life have started investing in fixed deposits due to the increased fixed deposit rates. The deposit is enabling people to earn handsome money from their investments.

Friday, September 13, 2013

Fixed Deposit Calculator Is Beneficial

There are various options available today to do comparisons of various rates of interest provided by the banks on fixed deposits. It is vital to carry out comparisons of various rates as it is about depositing the earning of your entire life. Take the help of a fixed deposit calculator that is crafted to provide you with the figure that you would do after you fix an amount for a good period of time.
The fixed deposit calculator would ask you to fill the fields like total amount you want to fix, the duration for which you want to fix the amount and the interest rate. The fixed deposit calculator is an essential device that gives you an estimated figure on how much you will earn after the amount that you have fixed gets matured. In this way you will also get a hand on knowledge about the various offerings and schemes that banks would provide.


Summary: Based on the values that you put in the fixed deposit calculator, the calculator will give you the figure that you would get past maturing of the fixed deposit account. 

Tuesday, September 10, 2013

Get Assured Returns And Safety

When people plan to invest, they desire to have an investment plan that is the right mix of safe, moderate and risky investments. While there are various investment schemes available in the market and out of which mutual funds and stocks fall under moderate and risky investments, on the other hand fixed deposits are considered safe investments.
Fixed deposits have always been popular among a large section of investors for a long period of time and are still considered as one of the popular investments.
Bank fd interest rates are based on the amount and the period of investment. We will discuss about some benefits and precautions that should be considered while making such investments.
Fixed deposits of nationalized and reputed banks which are regulated by RBI are very safe and secured and the bank fd interest rates are also very competitive. Fixed deposits earn bank fd interest rates for their entire investment tenure, which is compounded quarterly. So if you want good returns you should consider investing in fixed deposits. Fixed deposits with good bank fd interest rates are also eligible for tax deductions under section 80 C of income tax.

When there are benefits, do expect certain drawbacks as well.
While fixed deposits are safe and bank fd interest rates are fixed so the returns are less as compared to the returns that you get while you invest in stocks or mutual funds.
Rise in inflation can influence bank fd interest rates. For example if inflation rises from 3 percent to about 6 percent, your bank fd interest rates are at 10 percent, then your fixed deposit will give you only (10%-6%) = 4% of the return. This would have otherwise been (10% -3%) = 7% if the inflation had not changed. 

Summary: When it comes to choosing the right type of investment scheme with safety, good returns, and low risk involvement, fixed deposits are the most valued scheme of investments with good bank fd interest rates. Also it is important to choose the right bank that can help you with the best fixed deposit deal with a competitive rate of interest.