EMI or similar monthly installment, as the name suggests, is a part of the same shared monthly flow, to clear the outstanding loan within the stipulated time frame.
For a fixed interest rate loan, the EMI remains fixed for the entire term of the loan, provided there is no default or part-payment in between. EMI is used to pay both principal and interest components of an outstanding loan. The first EMI has the highest interest component and the lowest principal component. With each subsequent EMI, the interest component decreases as the main component increases. Thus, the last EMI has the highest main component and the lowest interest component.
Just a financial calculator for Indians with plans available in Indian Banks, Post Office Fees, Mutual Funds, Retirement, Insurance, etc.
This application provides the following calculator for both mobile phones and tablets.
Download New Update Financial Calculator India 2020
Bank Calculator:
* EMI Calculator (Loan Calculator / Mortgage Calculator)
* Fixed Deposit Calculator (TDR - Interest Payment)
* Fixed Deposit Calculator (STDR - Accumulated)
* Recurring Deposit Calculator (RD)
Bank and Post C Fee Calculator:
* PPF Calculator (Public Provident Fund)
* Sukanya Samrudhi Account Calculator (SSA)
* Senior Citizens Savings Scheme - SCSS Calculator
* Kisan Vikas Patra - KVP Calculator
OFFICE AL LACUTOR POST:
* Monthly Income Plan Calculator (MIS)
* Recurring Deposit Calculator (RD)
* Time Deposit Calculator (TD)
* National Savings Certificate - NSC Calculator
* Interest rates of post office fee plans (%)
Mutual Funds Calculator:
* Information on mutual funds
* ELSS Calculator (Equity Linked Savings Plan)
* SIP Calculator (Systematic Investment Plan)
* SWP Calculator (Systematic Withdrawal Scheme)
Contestant calculator:
* NPS Calculator (National Pension System)
* EPF Calculator
* APS Calculator (Atal Pension Yojana / Atal Pension Yojana)
* PM Shram Yogi Man-Dhan Yojana (PMSYM Calculator)
* PM Via Vandha Yojana (PMVVS Calculator)
Gratuity Calculator
Tax Calculator:
* Income tax calculator
* Capital Gains Tax (CGT) Calculator
Insurance Calculators:
* Postal Life Insurance - PLI Calculator
* Rural Postal Life Insurance - RPI Calculator
* PM Jeevan Jyoti Bima Yojana - PMJJB Calculator
* PM Suraksha Bima Yojana - PMSB Calculator
General purpose calculator:
Simple interest calculator
Compound Interest Calculator
Feature:
* Free
* Works on both smart phones and tablets
* Especially for the people of India with Indian finance schemes
* Helps you make informed decisions about your finances
* Indian number format
Indicates the amount of maturity
* Displays “Total Amount Deposited” and “Total Interest Received”
* Shows annual and monthly growth reports
* Sends reports by e-mail
* Displays visually intuitive graphs
* Includes built-in information about plans details
* No internet connection required
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