The Daily PulseGeneral
Online Calculators Help People Plan Money And Loans Better
Reported by Shreya Kapoor (Senior Writer) · Times of India - Top Stories ·
Financial Planning Tools
People can now use different online tools to manage their money and plan investments easily. A mutual fund calculator helps users find out the future value of their investments.
Loan And Saving Details
Users can check the monthly payment amount for any loan before taking it. Individuals can also estimate the returns they will get from regular investments like SIPs.
Interest And Returns
Other tools show the final maturity amount and total interest earned on a Public Provident Fund account. People can also check the maturity amount and interest earned on a fixed deposit.
Retirement Planning
Retirement planning becomes simpler with online calculators that estimate the pension amount and total fund saved under the National Pension System.
Context
Online financial tools are widely available on bank and investment websites to help regular people make better choices with their savings. These tools use standard math formulas to give quick estimates based on the numbers entered by the user.
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