1. What is a Deposit?
A deposit is a financial product where you entrust a certain amount to a financial institution and receive interest over a set period.
Deposit Calculator
Enter the details below to calculate your deposit.
Deposit Calculator Concept & Interesting Facts
The deposit calculator is a tool that estimates the final deposit amount based on principal, interest rate, and deposit period.
2. Simple vs. Compound Interest
Simple Interest: Interest is calculated only on the principal amount.
Compound Interest: Earned interest is added to the principal, and further interest is calculated on this new total.