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New Online Tools Help Indians Compute Loans, Savings and Retirement Returns

Reported by Tanvi Pillai (Section Editor) · Times of India - Top Stories ·

Source: Times of India
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New Online Tools Help Indians Compute Loans, Savings and Retirement ReturnsPhoto: Openverse - flickr

A suite of online calculators now lets Indian investors quickly work out loan repayments, systematic investment plan earnings, and maturity values for popular savings products. One calculator shows the monthly installment amount for any loan based on principal, rate and tenure. Another estimates returns on investments made through SIPs, projecting future corpus from regular contributions. A third tool calculates the maturity amount and interest earned on a Public Provident Fund account. A fourth helps users check the maturity amount and interest earned on a fixed deposit. A fifth estimator works out the pension amount and corpus accumulated under the National Pension System. A Mutual Fund Calculator rounds out the set by projecting the future value of mutual fund investments. These calculators simplify financial planning for students, salaried workers and retirees alike.

Context

Such calculators are widely used in India to aid personal finance decisions, especially as more people seek to manage debt and savings online. They reduce the need for manual spreadsheets and help compare different investment options quickly.

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