FD Calculator

Invested Amount

₹ 50,000

Est. Return

₹ 0

Total Return

₹ 0

Investment

Maturity Amount

Invest Now

What is a Fixed Deposit (FD)?

A Fixed Deposit (FD) is a safe investment option offered by banks and NBFCs. You deposit a lump sum for a fixed period and earn interest at a predetermined rate. FDs are preferred by risk-averse investors because they offer guaranteed returns and are low-risk compared to market-linked investments. Premature withdrawals are allowed but may attract penalties.

What is a Fixed Deposit Calculator?

A Fixed Deposit Calculator is an online tool that helps you estimate the maturity amount of your FD. By entering yourprincipal amount, interest rate, and tenure, you can quickly find out the interest earned and the total maturity value.

FD Calculation Formulas

  1. Simple Interest (for short-term FDs)

    A=P+(P×R×T)/100

    • A = Maturity Amount
    • P = Principal Amount
    • R = Annual Interest Rate (%)
    • T = Tenure (in years)
  2. Compound Interest (for most FDs)

    A=P×(1+r/n)n×t

    • A = Maturity Amount
    • P = Principal Amount
    • r = Annual Interest Rate (decimal)
    • n = Compounding frequency (monthly, quarterly, annually)
    • t = Tenure (in years)

Benefits of Using an FD Calculator

  • Quick Results: Instant maturity amount calculation.
  • Easy Comparison: Compare FDs from different banks.
  • Better Planning: Helps you align FDs with financial goals.
  • Flexible Inputs: Change tenure, rate, or amount anytime.
  • Accurate Estimates: Includes compounding effects.

Types of Fixed Deposits

  • Standard FD: Fixed rate and fixed tenure.
  • Tax-Saving FD: 5-year lock-in, eligible for Section 80C tax deduction.
  • Senior Citizen FD: Higher interest rates for senior citizens.
  • Cumulative FD: Interest compounded and paid at maturity.
  • Non-Cumulative FD: Interest paid monthly, quarterly, or annually.

Factors Affecting FD Returns

  • Interest Rate: Higher rates mean better returns.
  • Investment Tenure: Longer tenure = more compounding.
  • Compounding Frequency: More frequent compounding increases returns.
  • Principal Amount: Bigger deposits earn higher interest.
  • Taxation: Interest is taxable; factor in your tax slab.
  • Inflation: Reduces the real value of returns.

Pros & Cons of Fixed Deposits

  • Guaranteed returns and safety of capital.
  • Flexible tenure options.
  • Loan facility against FD.
  • Tax-saving options available.
  • Extra interest benefits for senior citizens.
  • Lower returns compared to equity or mutual funds.
  • Interest income is fully taxable.
  • Penalty for premature withdrawal.
  • Fixed interest rate; no benefit if rates rise.
  • Inflation may reduce real returns.

Tips to Maximize FD Returns

  • Compare FD rates across banks.
  • Choose longer tenures for higher compounding.
  • Use tax-saving FDs for deductions under Section 80C.
  • Try FD laddering for better liquidity and returns.
  • Monitor interest rate trends and renew strategically.

Plan Your FDs with Our Calculator

Use our FD Calculator to find the exact maturity value. Enter yourprincipal, interest rate, and tenure to get instant and accurate results. It’s a simple, user-friendly tool for better financial planning.

Frequently Asked Questions

A Fixed Deposit Calculator is an online tool used to estimate the maturity amount of an FD by calculating the interest earned over a specified tenure, based on inputs like the deposit amount, interest rate, and compounding frequency.

The calculator uses the compound interest formula to compute the maturity amount based on your input values: principal amount, tenure, interest rate, and compounding frequency.

You typically need to input the principal amount, interest rate, tenure, and compounding frequency (monthly, quarterly, semi-annually, annually).

Yes, most online FD calculators are free to use and available on bank websites and financial portals.

Yes, you can use it for standard FDs, tax-saving FDs, senior citizen FDs, cumulative FDs, and non-cumulative FDs.

Yes, for most fixed deposits, the interest is compounded at a specified frequency, such as monthly, quarterly, semi-annually, or annually.