Fixed deposit accounts can be opened in nationalized or
private banks or even postal departments. If you want to calculate the maturity
value for your fixed deposit amount then fixed deposit calculator will help you to calculate with the compounding of interest
rate monthly, quarterly, half yearly or yearly basis. The fixed deposit calculator will also let you compare the different
interest rates of the banks and will help you to select the best interest
provider in the market. Fixed deposit accounts can be opened by anybody, you
must remember that the rate of interest is taxable and there are fixed deposit calculators that can help
you calculate that taxable amount along with the maturity amount that you would
get from your fixed deposit account.
Summary: Fixed deposit calculator thus is a tool
which sanctions any investor to know the effective annual interest rates, total
interest or the future value of the investment that an individual make in a
fixed deposit.
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