FD Calculator

An FD (Fixed Deposit) Calculator is an online tool that helps you calculate the maturity amount of your fixed deposit investment. It considers your deposit amount, interest rate, tenure, and compounding frequency to show how much you'll receive at maturity.

Why it matters: Fixed deposits are one of the safest investment options offering guaranteed returns. The FD calculator helps you compare different FD schemes, understand the impact of compounding, and plan your investments to meet specific financial goals.

Our FD Calculator provides a clear picture of your fixed deposit returns, helping you make the best investment decision.

Key Benefits:

• Maturity Planning: Know exactly how much you'll receive when your FD matures
• Compare FD Options: Evaluate different banks, rates, and tenures side by side
• Compounding Impact: See how different compounding frequencies affect your returns
• Goal-Based Planning: Calculate how much to deposit to achieve your target amount
• Interest Breakdown: View the interest earned separately from your principal

The FD calculator uses the compound interest formula to calculate your maturity amount:

Formula:

A = P × (1 + r/n)^(n×t)

Where:

• A = Maturity Amount
• P = Principal (deposit amount)
• r = Annual interest rate (in decimal)
• n = Compounding frequency per year (quarterly = 4, monthly = 12)
• t = Tenure in years

Example:

For an FD of ₹1,00,000 at 7% p.a. for 3 years (quarterly compounding):

• Principal (P) = ₹1,00,000
• Rate (r) = 7% = 0.07
• Compounding (n) = 4 (quarterly)
• Tenure (t) = 3 years

Maturity Amount = ₹1,00,000 × (1 + 0.07/4)^(4×3)

Maturity Amount = ₹1,23,144

Interest Earned = ₹23,144

Using our FD calculator is simple and straightforward:

Step 1: Enter Deposit Amount

Input the amount you want to invest in the fixed deposit.

Step 2: Set Interest Rate

Enter the annual interest rate offered by your bank. Compare rates across banks for the best returns.

Step 3: Choose Tenure

Select your preferred investment period. FDs typically offer higher rates for longer tenures.

Step 4: Select Compounding Frequency

Choose how often interest is compounded - monthly, quarterly, half-yearly, or annually. More frequent compounding means slightly higher returns.

Step 5: View Results

See your maturity amount, total interest earned, and effective annual yield instantly.

1. Guaranteed Returns Visibility

Know exactly how much you'll receive at maturity with no market risks.

2. Compare Bank Offers

Evaluate FD schemes from different banks to find the best interest rate.

3. Tax Planning

Estimate your interest income for tax planning purposes (interest is taxable).

4. Goal Alignment

Calculate how much to deposit to reach your target amount by a specific date.

5. Compounding Comparison

Understand how different compounding frequencies impact your returns.

6. Reinvestment Planning

Plan your FD ladder strategy for regular income or reinvestment.

7. Senior Citizen Rates

Many banks offer 0.25-0.50% extra for senior citizens - factor this into calculations.

8. Premature Withdrawal Impact

Understand the trade-off between liquidity and returns with different tenures.