Are these calculators accurate?
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Yes, all our calculators use standard financial formulas as prescribed by the Reserve Bank of India (RBI) and major Indian banks. They provide highly accurate estimates for planning purposes. However, please treat them as estimates, as exact bank processing times can slightly alter minor digits.
Is my financial data stored anywhere?
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No. All calculations are performed entirely locally in your web browser. We do not store, collect, log, or transmit any financial inputs or outputs to our servers. Your privacy is strongly protected.
Do I have to pay or sign up to use the calculators?
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No! CalcFin is completely 100% free. There are no paywalls, hidden fees, or requirements to register an account. Just open the page and calculate instantly.
What is the difference between FD and RD calculators?
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An FD (Fixed Deposit) calculator is used when you want to deposit a single lump sum amount for a specific tenure. An RD (Recurring Deposit) calculator is used when you plan to deposit a fixed amount every month over a chosen tenure.
Can I use these tools on my mobile phone?
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Absolutely. CalcFin is fully optimized for mobile devices, tablets, and desktop computers. You don't need to download any apps.
How is loan EMI calculated?
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EMI is calculated using the formula: P × r × (1+r)ⁿ / [(1+r)ⁿ – 1], where P is the principal loan amount, r is the monthly interest rate (annual rate ÷ 12 / 100), and n is the total number of monthly payments.