Financial Planning Tools

Fixed Deposits (FDs) are like Mr dependable🕵️ – stable and predictable. Think of them as strong officers guarding your money, offering a safe haven of consistent returns in a volatile financial market. It's perfect for those who prefer a smooth financial journey & cannot digest even a small storm. Use our online Fixed Deposit (FD) Calculator for easy returns calculations✅. Simplicity is the key with FDs! Choose a tenure that suits your dreams, whether it's a short-term goal like buying a car or saving for tax purposes. FDs offer a stable option tailored to your financial journey. 🎯 While FD returns may not match riskier options and fetch better returns, they shine as a light of protection🛡️ for your hard-earned money. In times of financial uncertainty, FDs perform a steady waltz offering a reliable income stream for those seeking stability with low risk. 🛠️ And don't forget, you're backed by The Reserve Bank of India (RBI)🤝, which ensures scheduled bank deposits up to ₹ 5 lac per bank. Your financial fortress remains strong even if a bank faces challenges. Consider FDs as your financial guardians, ensuring stability and peace of mind in the ever-changing financial landscape. They will, however often fail to beat inflation, just stating it so that you have full clarity on what to expect.

Here are the ways the NPS pension calculator will assist you. It provides you with the amount of money which you are entitled to in the future. The pension amount is an investment and not a liability. Using an NPS calculator online is essential to determine the total corpus. Under the existing legislature, no individual can withdraw the entire amount of post-retirement. Besides, 40% worth of the total sum must be invested in annuities. Furthermore, the remaining 60% is subjected to taxation too. All these figures will be disclosed in detail once you start using our NPS scheme calculator The calculator never errs. If you have ever tried to manually calculate the pension amounts, you will understand how tough it is. Thankfully, our NPS calculator in India will automate the entire process. Lastly, you can now determine the taxation regime on pension funds, the total amount you will have every month-end and several other details- all via the calculator.

For example: You choose a set amount every month, like a month-on-month money ritual and joyfully toss it into your RD account on a delegated day. 📅 Then, your money starts compounding at a pre-constant and agreed rate! 🚀 Then, at the end of your RD tenure, you get the reward for your patience and discipline in the form of a new interest amount - in addition of your paid-in amounts. You can calculate these returns using our recurring deposit calculator now. You know what? Almost every bank & cool non-banking financial organization in India offers this no-nonse product: RDs. 🏦✨ RD interest? The RD interest is compounded quarterly. However, do not forget that this interest is also liable for TDS. (Tax deducted at source) ✅ which we are not taking into account here in this calculator.

CAGR (compound annual growth rate) is like a cool magician🧙‍♂️ in the finance world! It gives you a smooth picture of how your money grows - one year at a time, much better than just looking at regular total growth. It's like having magic glasses 👓 for your investment, considering the compounding effect and showing a more accurate picture of how your money has been or might be growing. So, when you're planning for the future or making important money decisions, the CAGR calculator for stocks or for MFs is your helpful guide 🌟! Example: Imagine you stumbled upon a stash of money 💰 say ₹ 2,000 in a kitchen jar that you had forgotten about. You invested it neatly. Fast forward 5 years and it has multiplied into a cool ₹ 5,000! 🚀 At first glance, it seems like a growth of (₹5,000 - ₹ 2,000) / 5 = ₹ 600 per year. Pretty impressive, right? 🤯 30% growth per year (₹600 is 30% of ₹2000) - how's that? Hold your horses! 🧙‍♂️ That's crap. Use our magical CAGR formula ✨: [(Final Value / Initial Value)^(1 / Number of Years) - 1]. Drumroll, please... 🥁 The CAGR reveals the real growth rate - approximately 20.11%! 🎩💫 Thus, this CAGR (compound annual growth rate) calculator is a tool that will help you assess the compounding effect correctly. It's like a secret financial ally! 💰🌟 So - go, use it now!

The National Savings Certificate (NSC) is a safe and government-backed savings scheme in India🔐, encouraging people to save money. The scheme is open only for individual Indian residents and offers nomination facility as well. It offers a fixed interest rate of 7.7% per year currently, with a minimum investment requirement of ₹.1,000. The lock-in period is 5 years⌚ for the NSC scheme, and investors can get tax benefits up to ₹.1.5 lakh under Section 80C of the Income Tax Act. Use the post office NSC calculator here for better estimation.✅ HUFs, trusts, NRIs, and companies – we hate to break it to you, but NSC is for individuals only. The rest of you, sit this one out! NSC returns calculator🧮 provides a definite answer to how much you will get out of your NSC. It can be used as collateral for loans. While it offers a fixed income, it may not beat inflation. Tax benefits apply to the invested amount ( up to ₹.1.5 lakh under Section 80C) and there is no TDS on interest. Since for the first 4 years, interest is reinvested into the NSC, it is not taxed (upto ₹1.5 lac.) The interest earned in the fifth year however is taxable according to the investor's slab rate💰.<br/><br/>You can invest in NSC electronically💻 or through authorized banks🏦 and post offices. Documents necessary to invest in NSC include identity and address proofs with a photograph.📑📹 In summary, NSC is a secure investment suitable for those who prefer stable returns and want to save on taxes. Although it may not offer high returns, its government support and guaranteed interest make it an appealing choice for risk-averse individuals.✅💰

House rent allowance (HRA) is one of the important components of your salary. All employers have to provide HRA as compensation for house rental expenses. However, most of us are not aware of the fact that we can also save tax on it. The HRA amount is decided based on factors like the employee’s salary structure, actual salary and the city in which he/she is residing. If you are a salaried employee living in a rented place, then you can calculate your tax liability using our HRA calculator. In most Indian cities, the cost of living has risen considerably over the last decade or so. This is partly due to an increase in disposable income besides inflation. To ensure the welfare of their employees, many organizations provide a House Rent Allowance or HRA to the ones living in a rented home. This HRA calculator will help you determine the amount you receive as an allowance. After the recommendation of the 7th Pay Commission, the HRA slabs across India have been changed to a great extent. Cities have now been categorized into 3 distinct slabs. Slab X has the most urban cities where you clearly need an HRA exemption calculator. Slab Y covers marginally low-cost cities.

A mutual fund is a collection of money that is professionally managed by a fund manager🧐. It is a 'trust' that collects money from a group of individuals with similar financial goals and invests it in stocks, bonds, money market instruments, and/or other securities as per the mutual fund scheme's mandate.💰 If you want to invest a lump sum in a mutual fund, you need to know your future accumulated amount based on the expected returns for the entire period. Suppose you invest ₹100 in a mutual fund assuming an annual return of 12%. You intend to invest for five years. What can you expect at the end of five years? ₹176.23. How did we get it a jiffy?🤔 Let us now decode the magic compound interest formula ✨ used in the mutual fund investment calculator here. We are not taking the gains out of the fund at the end of each year. They remain in the fund and compound year after year. So at the end of the first year, as per the compound interest formula, your accumulation will be equal to 100*1.12. At the beginning of second year, now your P = 100*1.12, so accumulation at the end of second year will be 100*1.12*1.12 that is, 100(1.12)^2 And this process continues for n years.

Sukanya Samriddhi Yojana (SSY) is like a booster savings plan by the Indian government, designed especially for girl children under the age of 10. ✨ SSY is not just a savings scheme; it's a fuel for their passions &amp; dreams! Parents or guardians can open an SSY account with a minimum deposit of ₹250. In a family, at most two accounts can be opened for two girls. (If second one is twin, then 3) And guess what? Every contribution is like a wand wave 🪄 against taxes! ✨💸 Now, the SSY adventure unfolds over 21 enchanting years. 📆 Along this journey, the Sukanya Samriddhi Yojana account grows with a competitive interest rate, compounding annually. But hold on, it doesn't stop there! When the girl child turns 18, a small part (50%) of the SSY treasure chest can be unlocked for special quests like education. 📚✨ Imagine your lil one ruling over the world with her 1st class education! 🌍 Even if she decides to marry, SSY account can be closed prematurely. 🌸 In essence, Sukanya Samriddhi Yojana is not just an investment plan; a savings journey, ensuring that our little ones have the resources they need for a future full of dreams and adventures. 🚀👸💰

Prospective investors can think that Systematic Investment Plans (SIP) and mutual funds are the same. However, SIPs are merely a method of investing in mutual funds, the other method being a lump sum. A&nbsp; SIP calculator &nbsp;is a tool that helps you determine the returns you can avail when parking your funds in such investment tools. Systematic Investment Plan or{" "} SIP is a process of investing a fixed sum of money in mutual funds at regular intervals. SIPs usually allow you to invest weekly, quarterly, or monthly A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their{" "} mutual fund investments made through SIP. SIP investments in mutual funds have become one of the most popular investment options for millennials lately. These&nbsp;mutual fund sip calculators &nbsp;are designed to give potential investors an estimate on their mutual fund investments. However, the actual returns offered by a mutual fund scheme varies depending on various factors. The SIP calculator does not provide clarification for the exit load and expense ratio (if any). This calculator will calculate the wealth gain and expected returns for your monthly SIP investment. Indeed, you get a rough estimate on the maturity amount for any of your monthly SIP, based on a projected annual return rate.

If you want to reach somewhere, you need to firstly know where you stand and the direction of your destination. In the same way, you need to analyze your current financial status, do financial planning and plan your future goals. Goals define your future needs. Goal planning helps you become financially secure and channelize your current financial investments in such a manner that it generates returns over a time period which fulfils your targeted goals. To determine financial goals, one must prioritize the events of their life which will be requiring funds. It can be done by prioritizing based on importance of the event and then further categorizing it by time period in which it is going to occur. For example, retirement and child’s education planning should be given more weight than the vacation and buying of new car. Further classifying, if your child’s age is 2 years and your age is 50 years, then priority should be given first to{" "} retirement planning and after that to child’s education planning.

A FIRE (Financial Independence, Retire Early) calculator is like a magical crystal ball for your financial future. It helps you figure out how much money you need to save to retire early and live comfortably without worrying about money. FIRE is all about achieving financial independence so you can retire early if you want to, pursue your passions, or simply have more freedom in life. Monthly Expenses: This is how much money you spend each month on things like rent, groceries, bills, entertainment, and other essentials. It's important to be honest and include everything you spend money on regularly. Current Age:Your current age helps the calculator understand how much time you have before you want to retire. Retirement Age: This is the age at which you want to stop working and enjoy your retirement. Life Expectancy:his is how long you expect to live. While it's hard to predict, using an average life expectancy can give you a good starting point. Inflation Rate: Inflation is the rate at which prices for goods and services rise over time. In India, inflation can fluctuate, so it's important to factor this into your calculations to ensure your money will still be enough in the future.

An EMI (Equated Monthly Installment) is a fixed amount that is to be paid on a pre-decided date on a monthly basis by the borrower of a loan. It is a payment made to clear off an outstanding loan within the mutually agreed duration referred to as repayment tenure. An EMI amount includes interest and principal on the loan amount. Even though each EMI is equal, the components of the EMI, the interest and the principal amount vary every month. commercial property loan EMIs are calculated based on the principal borrowed, rate of interest, and tenure of the loan. The higher the loan amount, the higher will be the EMI payable. One of the main factors that affect the EMI amount is the rate of interest. The higher the rate, the higher will be the EMI payable. Tenure of the loan also is an important factor. The longer the loan tenure chosen, the lower will be the EMI payable. However, during the initial days of your commercial property loan repayment, the interest amount is higher, and the principal amount is lower. Gradually, the interest amount will decrease as the outstanding loan reduces. Our Commercial property loan EMI calculator is extremely useful for calculating EMIs. It’s an easy-to-use online tool that provides you with all the details you need.