💨 Abstract

Fixed Deposits (FDs) in India offer guaranteed returns, low risk, and simplicity, but a diverse range of FD rates require a strategic approach. An FD calculator online can help investors plan and optimize their investments accurately. FDs are savings instruments with fixed tenors and predetermined interest rates, compounded periodically. Upon maturity, the principal and accrued interest are returned.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖