Calculate Your FD Returns
Invested Amount
₹1,00,000
Interest Earned
₹61,051
Maturity Amount
₹1,61,051
Understanding Fixed Deposits
A Fixed Deposit (FD) is a secure investment option where you deposit a lump sum for a fixed tenure at a predetermined interest rate. It offers guaranteed returns and is ideal for risk-averse investors looking to grow their savings.
Benefits of Fixed Deposits
- Safety: Backed by banks or financial institutions, ensuring capital protection.
- Guaranteed Returns: Fixed interest rates provide predictable earnings.
- Flexibility: Choose tenures from a few months to several years.
- Tax Benefits: Certain FDs qualify for tax deductions under specific schemes.