Term Deposits Interest Calculator 1.0.0
SBI Fixed Deposits, Time Deposits or Term Deposits Maturity Interest Calculator
State Bank of India (SBI) Fixed Deposits, Time Deposits or Term Deposits Maturity Interest Calculator. The Calculator calculates the Interest or Maturity Amount you will get after maturity of Fixed Deposits or Term Deposits.
State Bank of India (SBI) Fixed Deposits, Time Deposits or Term Deposits Maturity Interest Calculator: is an investment planning tool which allows any Fixed Deposit investor to know the effective annual interest, total returns and total interest or Maturity (Future) Value on the Investment to the individual or business enterprise.
Term deposit is a deposit held at a financial institution that has a fixed term.This is an account which allows to deposit money for a fixed time period. The advantages of term deposits compared to usual savings are the higher interest rates as they have a fixed term.
Fixed Depositor Term Deposit is a fixed amount of money deposited at a financial institution, for a fixed time period and for a fixed rate of interest throughout the period. The rate of investment on it is decided by the financial institution, and it is usually calculated based on the invested amount and the tenure of the fixed deposit. Once the term is over, a fixed deposit matures and the maturity amount is available for withdrawal.
The general thumb rule about fixed deposits is that the longer the money is invested, the better the returns.
Before investing for any fixed or term deposit, the basic calculations to select the the perfect plan is wise. Therefore when it comes to fixed deposits interest calculation, this fixed deposit or term deposits interest calculator assists you to get the calculations done and you get the maturity value as well as interest receivable by yourself.
Great Tool or Calculator for calculate term deposits interest & maturity value.
This calculator is designed by admin of www.mysbi.tk for the use of people or customer of any Banks or who wants to invest in FD or TD.
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