Calculate your FD smartly.
A Fixed Deposit is a financial instrument where you invest a lump sum amount with a bank or financial institution for a fixed tenure at a predetermined interest rate.
In return, you earn guaranteed returns at the end of the tenure.
Example:
If you invest ₹1,00,000 for 2 years at 7% per annum, you will earn approximately ₹14,490 as interest at maturity.
Example:
Suppose you have an FD worth ₹5 lakhs. In an emergency, you can avail a loan of up to 90% of your FD amount without losing your interest benefits.
You can find various banks' FD (Fixed Deposit) calculator tools here, which you can use based on your bank preference to calculate your FD maturity amount.
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