Karur Vysya Bank FD Calculator

Karur Vysya Bank FD Calculator is a digital tool that allows customers to know multiple information about fixed deposits. Fixed deposits are one of the safest methods to generate guaranteed returns on investments. Fixed deposits allow customers to earn interest on the deposits that they make and are hence considered a risk-free investment option.

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What is Karur Vysya Bank FD Calculator?

Investing money requires the calculation of multiple things like tenure to stay invested, amount, and risk factors. It is a cumbersome task that makes people hesitant to invest and grow their idle money. The Karur Vysya Bank FD Calculator is the answer to such problems.

It is an online tool that can be accessed directly on the company website hassle-free. It can be used from anywhere and at any time by the customer. 

How Does it Work?

The Karur Vysya Bank FD Calculator can be accessed online on the official website of the company. The customer can use the scroll bar to decide the amount of money that they want to invest. They can then decide the investment period. 

It must be noted that during this period, the money stays locked in the account. They must ascertain the amount and date for subsequent deposits. The amount can be issued to the customer every month, each quarter, on a semi-annual basis, or at the time of maturity of the fixed deposit. 

Maximum benefits can be reaped if the interest is made payable at the time of maturity. The Karur Vysya Bank FD Calculator is a tool that helps customers compare different investment amounts and returns.

By understanding the difference between simple and compound interest, customers can better position their investments.

How to Use Karur Vysya Bank Fixed Deposit Calculator?

One can also access Karur Vysya Bank FD Calculator through the official website of Policybazaar Insurance Brokers Pvt Ltd. It is another easy way to gain access to information regarding maturity values and the rate of interest offered by Karur Vysya Bank. 

A customer needs to undertake the following steps:

  • Visit the Policybazaar website.
  • Find the FD Calculator option under "Calculators."
  • Click on Karur Vysya Bank FD Calculator from the options in the drop menu on the website.
  • Enter the principal amount to be invested in the fixed deposit.
  • Select the type of deposit that is to be made.
  • Choose the tenure in days or months as given.
  • Hit the “Calculate” button.

The calculator will calculate the interest earned and the maturity amount on the fixed deposit.

Advantages of using the Calculator

Given below are the benefits that a customer can gain by using the calculator tool:

  • All the information in one place: This greatly reduces the hassle that the customer would otherwise have to undergo.
  • Online comparisons: The customer can compare various interests that he can earn by using this calculator.
  • Quick calculation: Using the calculator, a customer can make quick and accurate assumptions that he can later depend on.
  • Financial planning: Knowing how much money he has to set aside for his fixed deposit, the customer can have better control over his finances and plan expenses accordingly.
  • Easy online access: The customer does not need to move out of his house to collect information if he is using this calculator.

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Written By: PolicyBazaar - Updated: 12 August 2021
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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