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Financial Calculators Help Track Loans, Mutual Funds, and Savings

Reported by Sneha Patil (Staff Writer) · Times of India - Top Stories ·

Verified — Confirmed by a second source: NDTV - Top Stories

Confirmed by a second source: NDTV - Top Stories

Important
Financial Calculators Help Track Loans, Mutual Funds, and SavingsPhoto: Openverse - wikimedia

Financial Tools

Online financial calculators help people plan their money by checking different investment returns and loan payments. A user can find the monthly payment amount for a loan using these tools.

Investment Planning

People can estimate the returns on investments made through systematic investment plans, commonly known as SIPs. The tools also help find the maturity amount and interest earned on public provident fund accounts.

Savings and Retirement

Users can check the maturity amount and interest earned on fixed deposits at banks. The calculators also estimate the pension amount and the total fund collected under the national pension system. A mutual fund calculator helps estimate the future value of investments.

Context

Digital tools make it easy for regular people to plan their personal finances without needing expert help. These calculators use standard financial formulas to give quick estimates for common savings and loan products.

Read more at Times of India - Top Stories →