The Best Way To Calculate a Fixed Deposit - Loan Trivia


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Monday 6 February 2017

The Best Way To Calculate a Fixed Deposit

We all know that fixed deposit is a popular investment instrument in India as it offers guaranteed results. This is because the interest rate is fixed for the entire tenure and is not affected market fluctuations.
You are sure that your money is safe but still you need to calculate the interest. You will get many options online to calculate this. They offer accurate results once you give-in the required details i.e. the amount, tenure, and the rate of interest.
But first you need to know the mechanism of the loan calculator.
The interest calculation depends on how your bank or NBFC pays the interest. Interest is calculated monthly, quarterly, semi-annually, and annually. Before investing in Fixed Deposit, try using a Fixed Deposit interest calculator to find out the amount you’ll get after the tenure completes.
But, what is the best way to do so? To know more, read:

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