Gaurav Khanna, Author At Akinpedia

How To Invest Your Money Using an Online FD Calculator?

22Jul

By Gaurav KhannaNo Comments

How To Invest Your Money Using an Online FD Calculator?

When you invest your money in a fixed deposit, you know the interest rate you will get against the tenor you have selected. You have to wait for the FD advice or receipt to find out how much amount interest will accrue and what amount you will get at the maturity. By then, there is no turning back if you need to change your decision. The only way out is premature withdrawal by paying a penalty fee or closure of the Fixed Deposit. However, you can avoid this situation by calculating the returns before investing. Now, there are two ways to do this - mathematical formula and online FD rate calculator. The general mathematical formula for calculating interest on any fixed deposit is: A = P (1 + r/n) ^ (nt) Here, A is Maturity AmountP is Deposit Amountr is Rate of Interestn is C...

NRI FD Investment: 5 Things You Should Know

15Apr

By Gaurav KhannaNo Comments

Finance

NRI FD Investment: 5 Things You Should Know

Non-resident Indians (NRI) / Overseas Citizen of India (OCI) / Person of Indian Origin (PIO) are always on the lookout for the most lucrative NRI deposits for investing. The current interest rate scenario in India allows them higher returns when compared to their country of work. Considerations for NRIs While all the major economies across the world are facing tough times, India is managing to cope up with the crisis well, thus offering better interest rates than other economies in the world. This is one of the reasons why NRI FD investments are a preferred investment option for most NRIs as they are always on the lookout for no to low risk investments with high returns. However, NRIs need to consider these points before investing in NRI deposits: Repatriation: When opened un...

One of the Highest Term Deposit Interest Rates in India

27Dec

By Gaurav KhannaNo Comments

Finance

One of the Highest Term Deposit Interest Rates in India

Fixed deposits are considered as the safest and highest yielding term deposit in India since they offer a substantial return on the invested amount without any risk. These investment schemes hold a major share in the annual returns of Indian financial institutions with an estimated 57.7% share during FY 2018-19. With many individuals opting to invest in term deposits like fixed deposit accounts, it is important that customers know the different interest rates which are applicable to these investments. Interest rates available on fixed deposits The term deposit interest rates depend on numerous factors, ranging from tenor duration to age of the investor. Usually, financial institutions offer FD accounts to individuals above the age of 25 years. Furthermore, investors should...

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