These Calculators are suitable for calculating return of your deposits / investment in banks and other institutions. You can use the calculators to compare the returns for different interest rates / time periods and take an informed investment decision.
|→ Recurring Deposit Calculator||→ Time, Term or Fixed Deposit Calculator|
|→ Annuity Deposit Calculator||→ Real Rate of Return Calculator|
Annuity is monthly / quarterly amount ( like pension ) payable by banks and other institutions for investment of a lump sum amount of deposit for a fixed period of time. The annuity is payment of principal and interest in equal instalment over the term of investment. As the principal and interest are being paid periodically, the balance available after the end of period for which the amount was invested becomes Nil. The scheme is suitable for senior citizens, who have lump sum amount to invest and need periodical payments for meeting their day to day expenses.