Why Education is Most Important For Our Society?

Human being has to be educated and educated. The primary objective of education is to maintain personal and social improvement. This process has both tangible and moral dimensions. Educational programs and policies More »

Top 5 Designing Institute in India

What is Design? Design is a career stream that interested students can pursue at undergraduate, postgraduate, or Ph.D. level to become designers in a specific field. Designing as a career option is More »

Best Courses to Learn in Covid19 Lockdown

The implementation of lockdown measures across a significant part of the globe because of the coronavirus pandemic has prompted a huge number of individuals to stay inside as much as possible. While More »

Top Best CBSC School in Gurgaon – GD Goenka Signature School

A residential school, when defined in its simplest form, is an institution that provides education to students who live on the premises of the same. Students stay separately from their parents’ house and stay with other More »

Worthless Degrees and Unemployment: The Prevalent Situation of Aspiring Engineers in India

Qualified but unemployed – Most of the aspiring engineers in India can relate to this phrase as this is their prevailing situation in the country! For the students in India, Engineering – More »

 

FD Calculator: Best Fixed Deposit Interest Rate in India 2020

Planned Investments are always helpful in the long run. Our investment goals define our future capabilities and potentials.  Deposit schemes such as fixed deposits, if strategically planned, yield the best results. Besides, their stability and risk-free nature make them more attractive.  

What Are Fixed Deposits?

Also known as term deposits, fixed deposits are safe investment options offered by all the banks and NBFCs.  They offer good interest rates and the money is invested for a fixed period of time at a predetermined rate of interest.

To calculate how much interest can be earned on any investment, fixed deposit calculators are used quite often. Let us know more about these FD calculators.

What Are FD Calculators?

Fixed deposit calculators have been designed to determine the amount of money that can be expected as returns if a certain amount is invested in any term deposit schemes at a particular rate of interest. 

How To Use FD Calculator?

Calculating the maturity amount of fixed Deposits manually can be a tedious task and may generate inaccurate results. Nowadays, online FD calculators have simplified this task and have shortened the entire process. The FD calculator available on the website of Bajaj Finance is quite helpful and very accurate.

Just click on the type of customer you are, enter the details, select the expected amount, and the tenure and you get the desired plan according to your investment goals. 

Also, for people living abroad, the option for FD rate calculators or FD return calculators is there which gives them easy access to different investment plans.

Just choose which plan suits you and go for it, and the FD calculator makes it very easy and eliminates all your doubts regarding your future investment plans.

These FD calculators perform calculations based on two deposit scheme options- cumulative non-cumulative deposit schemes.

In Cumulative deposit schemes, the interest rate is calculated annually and added to the maturity amount.

In Non-cumulative fixed deposit schemes, the interest rates are payable either monthly, quarterly or half-yearly or annually, depending upon which option you choose. 

What is the formula?

The Fixed deposit maturity amount is calculated by the given formula –

   A=P (1+r/n)^n*t

Here, 

A is the maturity value

P is the Principal amount to be invested

r is the interest rate

t is the tenure or the period of investing

n is the compound interest frequency

What Are The Benefits Of Fixed Deposit Calculators?

The following are the advantages of using an FD calculator:-

  • An automatic and efficient FD interest rate calculator helps save time.
  • Latest software to enable error-free processing.
  • Free of cost calculators and can perform as many computations as required.
  • Suitable tables for comparing different fixed deposit schemes based on their interest rates and tenures are provided.

What Factors Affect the Interest Rates Of The Fixed Deposit Schemes

All the financial institutions have some or the other difference in their interest rates for various deposit schemes. Mentioned below are some of the key differences which you may see among them:-

  • Term of deposit – Almost all the banks and NBFCs provide a wide range of period of deposit to its customers, stretched from 7 days to 10 years. The longer the investment term, the higher the interest rate.
  • Economic conditions – The sudden rise and fall in the growth rate of the economy is a big factor when deciding the interest rates.  Changes in the Repo rate and inflation can severely affect the interest rates offered by the financial institutions. 

However, even amidst falling FD interest rates, you can earn high returns with a corporate FD such as Bajaj Finance FD which is currently offering interest rates up to 7.35%– one of the highest in India.

Bank FD rates vary between 4-6%, depending upon the tenor. Whereas post office FD interest rate is up to 6.7%. 

You can also use the multi-deposit facility from Bajaj Finance and invest in multiple FDs having different tenors and interest rates. This way, you can gain maximum returns by averaging of fluctuating interest rates. 

Big Boss 2020 – When is New Season Starting

When is Next Big Boss Season Coming?

According to the available sources, the next big boss will be starting on 27th September 2020. This will be 14th season of Big Boss.

big-boss-2020

In which channel the Big Boss with be telecasting?

Big Boss is telecasting on Colors TV.

Who will participants in the new big boss season?

Bigg Boss 14 Confirmed Contestants List

  • Jasmin Bhasin
  • Pavitra Punia
  • Shagun Pandey
  • Naina Singh
  • Jayesh Bhattacharya
  • Aly Gony
  • Vivian D Sena
  • Jennifer Winget
  • Nia Sharma

Why Education is Most Important For Our Society?

Human being has to be educated and educated. The primary objective of education is to maintain personal and social improvement. This process has both tangible and moral dimensions.

Educational programs and policies play an important role in this social and personal progress. Social progress clearly indicates a general development in the community in terms of economic, social and cultural aspects.

In sociolinguistic terminology, social development is used to conceptualize all positive events in social construction. To put it differently, it is to refer to a society which is changing from a less civilized situation to a favorable situation for progress in relation to economic, social and political issues.

Where Should I Invest A Lump Sum? Liquid Funds or Equity Funds?

If you are investing a lump sum amount, you will naturally want to know the difference between equity debt and liquid funds before you invest your money. Of late, there have been several comparisons of equity vs. liquid funds made by investors with regard to deploying a lump sum amount.

The basic rules behind choosing any mutual fund will always be universal, no matter the mutual fund type that you opt for. You can select funds on the basis of specific financial goals, your horizon for making the investment, and your overall risk profile.

Before getting into the equity fund or liquid fund SIP or lump sum dilemma, you should first analyze whether you want this amount back in the long run. You can also zero in on a specific goal and make an investment likewise. Knowing where to invest a lump sum amount will hold you in good stead.

Top 5 Designing Institute in India

What is Design? Design is a career stream that interested students can pursue at undergraduate, postgraduate, or Ph.D. level to become designers in a specific field. Designing as a career option is highly popular among those students who have a creative flair. What makes the designing field even bigger and better is the offers and opportunities this field offers is multiple and huge for those who have different talents, skills, and educational backgrounds.  

Top 5 Designing Institute in India

How To Get High Returns on Fixed Deposit Schemes in 2020

When you invest in fixed interest rate deposits, you know that you have no control over the rate of interest. So, the usual route to get high returns is to compare the interest rates across all FD issuers. You will naturally select the one that offers the best FD rates in 2020.

How To Get High Returns on Fixed Deposit Schemes in 2020

However, it would make more sense if you also find a way to maximize the high returns. This way, you will be able to grow your investment and earn more income than what seems obvious. Let’s see how you can do this.

Best Courses to Learn in Covid19 Lockdown

The implementation of lockdown measures across a significant part of the globe because of the coronavirus pandemic has prompted a huge number of individuals to stay inside as much as possible.

While lockdown measures are crucial for stopping the spread of COVID-19, they have left people wondering how to fill their new-found free time. Online courses are a perfect way to keep you engaged and active during this lockdown period – and SM Consultant has a tremendous range of courses on digital marketing to keep you busy.

Best Courses to Learn in Covid19 Lockdown

Latest Trends in Shoes For Your Little One

So, your boy wants new shoes for summer that makes him cool. But which to buy? There are lots to consider when it comes to choosing new kicks for boys. Right from the style, the age to comfort moms needs to look at everything when purchasing new shoes for their kids.

Latest Trends in Shoes For Your Little One

How to Buy Stunning Clothes for Women Online?

Shopping for clothes online is life’s greatest pleasure. But, not all shopping experience is delightful, especially when you find your killer jeans arrived two sizes small or big. Online shopping of women’s clothes has its own set of benefits; you don’t have to wait in queues in checkout counter, leave your house, or change your clothes. Plus, coupon sites are offering Amazon promo code India today that lets you buy your favourite clothing at discounted rates. But, you must use the following tips for online shopping to avoid getting disappointed with your next online order.

Google Confirms May 2020 Core Algorithm Update

Google has started to roll out a new core lookup algorithm update known as the “Core Update May 2020”. The latest update has been pressed during the last core algorithm published by the tech giant back in January. The goal behind all these updates is to work on improving the quality of the outcomes that users obtain when entering a search query.

Google Confirms May 2020 Core Algorithm Update