FD Calculator
FAQ
What is an FD Calculator?
FD Calculator என்ன?
An FD calculator is used for calculating the final amount that you will get if you invest in a Fixed Deposit (FD) with a given amount, a given rate of interest, and a given duration of investment.
How does FD Calculator Work?
FD Calculator எப்படி வேலை செய்கிறது?
The FD calculator uses the formula:
Maturity amount = $$P(1 + \frac{r}{n})^{nt}$$
where \(P\) is the principal amount, \(r\) is the annual interest rate, \(n\) is the number of compounding periods per year, and \(t\) is the tenure in years.
How can an FD calculator help you?
FD Calculator உங்களுக்கு எப்படி உதவும்?
The following are some of the ways in which an FD calculator can help you:
- Estimate returns in advance
- Compare various investment options
Example Calculation
For example, if you invest ₹1,00,000 at an annual interest rate of 6.5% for 5 years, the maturity amount will be calculated as follows:
Maturity amount = ₹1,00,000 * (1 + 0.065/4)^(4*5) = ₹1,38,408.32
How to use Parkavi Finance FD Calculator?
Parkavi Finance FD Calculator எப்படி பயன்படுத்துவது?
Enter the principal amount, annual interest rate, and tenure in the respective fields and click on "Calculate FD" to get the results.
Advantages of FD Calculator
FD Calculator நன்மைகள்:
- Easy to use
- Accurate calculations
- Helps in financial planning
What is Fixed Deposit (FD)?
Fixed Deposit (FD) என்ன?
A Fixed Deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date.
Fixed Deposit Interest Rates of Different Banks
வங்கி FD வட்டி விகிதங்கள்:
| Bank Name | For General Citizens (per annum) | For Senior Citizens (per annum) |
|---|---|---|
| SBI | 6.10% | 6.90% |
| HDFC Bank | 6.25% | 7.00% |
| ICICI Bank | 6.25% | 6.95% |
FD Calculation for Resident Customers & NRI
FD கணக்கீடு குடியிருப்பாளர்கள் மற்றும் NRI க்கானது
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