Fixed Deposits & SavingsProfessional Tools
Plan your savings effectively with our comprehensive fixed deposit and recurring deposit calculators. Calculate returns, compare rates, and make informed savings decisions.
Savings & Deposit Calculators
Choose from our professional savings planning tools designed to help you maximize your returns
Fixed Deposit Calculator
Calculate returns on your Fixed Deposit investments with detailed breakdown
Key Features:
Benefits:
- âPlan your fixed deposit investments
- âCompare different FD options
- âUnderstand tax implications
Recurring Deposit Calculator
Calculate the maturity amount of your Recurring Deposit investments
Key Features:
Benefits:
- âPlan systematic savings
- âSet realistic savings goals
- âTrack your savings progress
Types of Deposits
Understand different types of deposits and their features
Fixed Deposit (FD)
Lump sum investment with fixed interest rate for a predetermined period
Key Features:
- âĸLump Sum Investment
- âĸFixed Interest Rate
- âĸGuaranteed Returns
- âĸFlexible Tenure
Typical Rates:
5-8% p.a.
Min Amount:
âš1,000
Max Tenure:
10 years
Recurring Deposit (RD)
Regular monthly deposits with compound interest for disciplined savings
Key Features:
- âĸMonthly Deposits
- âĸCompound Interest
- âĸDisciplined Saving
- âĸFlexible Amount
Typical Rates:
5-7% p.a.
Min Amount:
âš100/month
Max Tenure:
10 years
Senior Citizen FD
Special fixed deposits with higher interest rates for senior citizens
Key Features:
- âĸHigher Interest Rates
- âĸSpecial Benefits
- âĸRegular Income
- âĸTax Benefits
Typical Rates:
6-9% p.a.
Min Amount:
âš1,000
Max Tenure:
10 years
Tax Saver FD
Fixed deposits with tax benefits under Section 80C of Income Tax Act
Key Features:
- âĸTax Deduction
- âĸ5-Year Lock-in
- âĸSection 80C Benefits
- âĸGuaranteed Returns
Typical Rates:
5-7% p.a.
Min Amount:
âš1,000
Max Tenure:
5 years
Smart Savings Tips
Essential tips to help you maximize your savings and returns
Set Clear Goals
Define your savings goals and timeline to stay motivated and focused.
Compare Interest Rates
Always compare interest rates from different banks and financial institutions.
Start Early
The earlier you start saving, the more time your money has to grow with compound interest.
Regular Deposits
Make regular deposits to build a habit and maximize your savings potential.
Key Savings Concepts
Understand the fundamental concepts behind savings and interest calculations
Simple Interest
Interest calculated only on the principal amount for the entire period.
Formula:
SI = P Ã R Ã T / 100
Where: P = Principal, R = Rate per annum, T = Time in years
Compound Interest
Interest calculated on both principal and accumulated interest.
Formula:
A = P(1 + r/n)^(nt)
Where: P = Principal, r = Annual rate, n = Compounding frequency, t = Time
Effective Annual Rate
The actual interest rate earned when compounding is considered.
Key Benefits:
- âĸHigher than nominal rate
- âĸBetter comparison tool
- âĸAccurate returns calculation