Banking & Deposits
FD, RD, PPF, and EPF calculators
6 Calculators Available
Deposit Calculators
6 calculators
Understanding Banking & Deposit Calculators
Banking and deposit calculators help you maximize returns on safe investment options like Fixed Deposits (FD), Recurring Deposits (RD), Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), and Employee Provident Fund (EPF). These government-backed schemes offer guaranteed returns and are essential components of a balanced investment portfolio.
Why Use Our Banking & Deposits?
Calculate assured returns on government-backed savings schemes with zero market risk. Compare FD, RD, PPF, and SSY to find the best option for your goals.
PPF and SSY offer EEE (Exempt-Exempt-Exempt) status with Section 80C deductions up to Rs 1.5 lakh. EPF also provides tax benefits on contributions and interest (within limits).
Understand how quarterly (FD), monthly (RD), or annual (PPF/SSY) compounding affects your final corpus. Small differences in compounding frequency can lead to significant returns over long periods.
Calculate EPF interest, check withdrawal eligibility, and understand partial withdrawal rules for housing, education, medical, or pre-retirement needs.
How Our Banking & Deposits Work
- 1
Choose Your Scheme
Select the calculator based on your deposit scheme: FD for lump sum parking, RD for monthly savings, PPF/SSY for long-term tax-free wealth, or EPF for retirement planning.
- 2
Enter Deposit Details
Input deposit amount, tenure, and interest rate. Current rates: FD (6.5-7.5%), PPF (7.1%), SSY (8.2%), EPF (8.25%). Most calculators pre-fill current rates for convenience.
- 3
View Maturity Breakdown
See your total maturity amount, interest earned, and effective yield. Visual charts show principal vs interest and year-wise growth of your deposit.
- 4
Compare & Decide
Use comparisons to choose between fixed deposits, recurring deposits, or long-term schemes based on your liquidity needs, tax situation, and investment horizon.
Frequently Asked Questions
Expert Tips for Using Banking & Deposits
- Diversify across FD, PPF, and EPF rather than putting all savings in one instrument
- Senior citizens should check senior citizen FD schemes offering 0.5% extra interest
- Maximize PPF contributions early in the financial year to benefit from full year's interest
- For SSY, start early when child is born to maximize the power of 21-year compounding
- Consider tax-saving FDs (5-year lock-in) for Section 80C benefits if you need additional deductions
- Compare FD rates across banks and choose highest rate - differences of 0.5% matter over time
- Don't break FDs prematurely unless emergency - penalty reduces effective interest rate significantly