![]() ![]() The reinvestment or cumulative investment option would help the depositor benefit from the power of compounding, as the interest component remains invested in the FD and starts generating interest income on its own. Monthly interest plans are ideal for retired individuals or for depositors who need a fixed monthly income to meet their daily expenses. In the case of the cumulative FD option, the interest component remains invested till the FD maturity. Depending on the lenders, depositors can also opt for monthly, half-yearly and annual interest pay-out options of various FD tenures. Under non-cumulative FD, lenders usually offer a quarterly interest pay-out option for all tenures wherein the interest is credited quarterly to the current/savings account of the depositor. ![]() Note: The FD maturity amount would depend on the deposit amount, FD rates, tenure and type of FD chosen, i.e., cumulative FD and non-cumulative FD. To use Paisabazaar Fixed Deposit Calculator, follow these steps:Įnter the tenure in months or years (the period for which you want FD to be active)Ĭlick the “Calculate” button to get the estimated maturity amount and total interest amount ![]()
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