Central Bank of India FD Calculator

For investors looking to park their funds for the long term and earn assured returns, fixed deposits are considered the best investment avenue. You can choose a fixed tenor based on the corresponding interest rates. 

 

The Central Bank of India offers a range of fixed deposit schemes with varying interest rates. Hence, it would be wise to use a Central Bank of India FD calculator to compare different schemes and choose the one that best suits your future goals.

 

This online tool allows you to estimate the returns you can earn by investing in a fixed deposit scheme. Read on to learn about the benefits of the Central Bank of India fixed deposit calculator and the FD rates offered by the bank.

Here are the interest rates offered by the Central Bank of India on FDs of under ₹2 Crores across different tenors: 

Disclaimer: The above interest rates are current as of October 2023 and are subject to change as per the bank’s policy.

When choosing any investment avenue, it is critical to assess if it aligns with your financial goals. It is also crucial to check if a particular FD scheme lets you earn the desired returns. 

 

Here are some of the benefits of using the Central Bank of India fixed deposit calculator: 

1. Simplifies FD Returns Calculation 

You can use the compound interest formula to determine the returns you can make on an FD investment. However, calculating returns manually can be quite complicated. Instead, you can use the Central Bank of India FD calculator to estimate returns within a few seconds.

2. Provides Accurate Returns

When calculating the accrued interest on an FD using a mathematical formula, there is always scope for human error. On the other hand, the Central Bank of India Fixed Deposit calculator is an online tool that provides you with accurate calculations.

3. Allows Comparison

When choosing an FD, it is critical to compare different options at your disposal and choose the one that best suits your needs. Comparing multiple FD schemes by calculating the returns manually may be impractical, as it would take too much time. 

 

On the other hand, the Central Bank of India FD calculator saves you time and effort by providing estimates of FD returns instantly.

4. Facilitates Informed Decision-Making 

When you use the Central Bank of India fixed deposit calculator, you can see the big picture and make informed investment decisions. 

 

In addition to all these benefits, the Central Bank of India FD calculator is very easy to use. All you have to do is enter the invested amount, the interest rate offered by the FD issuer, and the chosen tenor to get estimates of your FD returns.

 

If you have decided to park your funds in a fixed deposit, you can check out multiple options available on Bajaj Markets. Choose a scheme that offers you the highest returns and aligns with your future goals.