Fixed Deposit Calculation Results
About Fixed Deposits
What is a Fixed Deposit?
A Fixed Deposit (FD) is a financial instrument provided by banks and NBFCs which provides investors with a higher rate of interest than a regular savings account, until the given maturity date.
Benefits of Fixed Deposits
• Guaranteed returns
• Flexible tenure options
• Higher interest rates than savings accounts
• Loan against FD facility
• Tax benefits under Section 80C
• Safe investment option
FD Investment Tips
• Compare interest rates across banks
• Consider the compounding frequency
• Plan for liquidity needs
• Split investments for tax benefits
• Reinvest matured FDs for compounding benefits
• Consider inflation when planning long-term FDs