FD Calculator - Fixed Deposit Calculator
A fixed deposit is a term investment offered by banks and NBFCs. You deposit a fixed amount for a predetermined period and earn interest based on the rate and compounding rules. An FD calculator helps estimate the maturity value and interest you may receive at the end of the term.
How can an FD calculator help you?
- It calculates maturity value without manual compound interest work.
- It helps compare interest rates and tenures across different institutions.
- It saves time when planning deposits for multiple goals.
- It separates principal and estimated returns so the final value is easier to understand.
The formula to determine FD maturity amount
For simple interest FDs, the formula is:
M = P + (P x r x t / 100)
For compound interest FDs, the formula is:
M = P x (1 + r / 100) ^ t
Here, M is the maturity amount, P is the principal deposit, r is the annual rate of interest, and t is the tenure in years.
How to use this FD calculator
- Enter the total investment amount.
- Add the annual fixed deposit interest rate.
- Choose the deposit tenure in years.
- Review maturity value, estimated returns, simple interest comparison, and yearly projection.
Advantages of using this calculator
- It gives a quick estimate of the amount receivable at maturity.
- It helps plan future goals using predictable deposit assumptions.
- It makes FD comparisons easier before choosing a bank or NBFC.
- It avoids repetitive manual calculations for different rates and tenures.