Canara Bank Fd Calculator

Fixed deposits are extremely popular investment instruments for risk-averse investors as they promise guaranteed returns. Another reason for their popularity is the flexibility they offer in terms of investment tenor and the amount you plan to park in the scheme. 

 

However, to optimise your returns, it is essential to choose a fixed deposit scheme that offers higher returns and aligns with your financial goals. With the Canara Bank FD calculator, you can determine the returns you will receive when you invest in the bank’s FD.

Read on to know more about how to use the Canara Bank fixed deposit calculator, as well as its features and benefits.

The following table provides details about the interest rate offered by Canara Bank on callable fixed deposits of different tenors: 

Disclaimer: These interest rates are as of October 2023 and may vary based on the issuer’s discretion.  

Here are some of the advantages that you can enjoy when you use the Canara Bank fixed deposit calculator:

1. Provides Accurate Returns

While you can calculate FD returns manually using a mathematical formula, there is always scope for human error. By using the Canara Bank FD calculator, you can avoid mistakes in your calculations. 

2. Saves Time 

You can easily use the FD calculator to determine the maturity and the interest amount instantly. Simply enter the amount you plan to invest, the applicable interest rate, and the tenor of your choice to estimate your returns.

3. Allows Convenient Comparison

You can also use the Canara Bank FD calculator to determine the returns of different FD schemes offered by the bank. Comparing multiple FD schemes using the manual calculation method will be tiresome and exhausting.

4. Helps Make Informed Decisions

By easily comparing different schemes, you can make an informed decision about which one to choose. All you have to do is tweak certain parameters of the calculator to arrive at a suitable option that best aligns with your objectives.

 

In conclusion, a Canara Bank FD Calculator is a valuable tool that helps you decide which FD scheme to choose. As there are no limits to free calculations available, you can use this online tool to compare different FD schemes and choose the one that offers the best returns.

 

If you plan to invest in fixed deposits, browse multiple FD issuers on Bajaj Markets. Choose a plan that best suits your goals and maximise your gains in just a few clicks.