FD Calculator (Fixed Deposit)
About Fixed Deposit (FD) Calculator
The Fixed Deposit (FD) Calculator helps you estimate how much your money will grow when kept in a fixed deposit. Just enter your deposit amount, interest rate, and time period to instantly see your maturity value and total interest earned. It’s ideal for planning secure, low-risk investments.
Formula (Simple Explanation)›
A = P × (1 + r/n)^(n×t)
Where: A = Maturity amount, P = Principal amount, r = Annual interest rate (in decimal), n = Number of compounding periods per year, and t = Time in years.
Example:
Input: ₹1,00,000 at 7% annual interest for 3 years (compounded quarterly)
Output: Maturity Amount = ₹1,23,083 and Total Interest = ₹23,083.
Steps to Use:
- Enter your fixed deposit amount (₹).
- Enter the annual interest rate (%).
- Select the deposit period (months or years).
- Choose compounding frequency (annual, quarterly, or monthly).
- Click 'Calculate' to view your maturity amount and interest earned.
Frequently Asked Questions
What is a Fixed Deposit (FD)?›
A Fixed Deposit is a financial product offered by banks and NBFCs where you invest a lump sum for a fixed tenure at a fixed interest rate. It’s a safe and guaranteed return investment option.
How does the FD Calculator work?›
The FD Calculator uses the compound interest formula to calculate your maturity amount and interest earned based on the principal, interest rate, and tenure you enter.
Can I withdraw my FD before maturity?›
Yes, premature withdrawal is allowed but usually attracts a small penalty or lower interest rate as per the bank’s policy.
Is FD interest taxable?›
Yes. Interest earned from Fixed Deposits is taxable as per your income tax slab. However, you can invest in 5-year tax-saving FDs to get deductions under Section 80C.