Fixed deposit calculator is a very useful online tool. It helps in
evaluating the compound interest and the total deposit amount receivable after
a fixed time period. The longer the maturity period the more interest you earn,
which again can be easily calculated by this valuable fixed deposit calculator. But if the fixed deposit amount is
withdrawn or cancelled before the maturity period expires, a penalty is charged
from the defaulter. A fixed deposit is one in which once the money is
deposited, it cannot be withdrawn till its maturity. Fixed deposits unlike
savings account pay high rates of interest. The calculator is very handy and
easy to use, just requires to input the following details namely – the
principal amount, rate of interest, lock-in-period and the compounding rate and
the final amount & interest gets calculated for you.
Summary: The fixed deposit
calculator helps assess the interest calculations and the maturity amount
to be received on a fixed deposit figure.
