Fixed Deposit (FD) Calculator
Graphical Representation (Doughnut Chart)
Total Amount and Interest
Total Amount Invested (₹): ₹0
Total Interest Earned (₹): ₹0
Final Amount (₹): ₹0
Results in Table
| Year | Interest (₹) | Total Amount (₹) |
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Fixed Deposit (FD) Calculator
Secure Your Savings
Fixed Deposits are one of the safest ways to grow your money. But how much will you actually get at maturity? Our FD Calculator gives you the answer instantly.
Whether you choose monthly, quarterly, or annual compounding, this tool helps you visualize your returns. Compare different bank rates and tenures to find the best plan for your short-term or long-term financial goals.
The Formula for Growth
Banks use the compound interest formula to calculate maturity:
A = P × (1 + r/n)(n × t)Example Scenario
Deposit of ₹1,00,000 at 6% interest for 5 years (compounded quarterly):
Why Choose an FD?
- Safe & Predictable: Enjoy guaranteed returns unaffected by market volatility.
- Compare & Choose: Easily compare interest rates across different banks and tenures.
- Goal Planning: Perfect for saving towards specific short-term or long-term financial goals.
Frequently Asked Questions (FAQs)
Yes, it uses the standard compound interest formula used by banks. However, the exact maturity amount depends on your specific bank’s compounding frequency (usually quarterly).
Yes. Unlike mutual funds or stocks, Fixed Deposits offer a fixed rate of return that is locked in at the time of booking.
Yes, most banks allow premature withdrawal, but they may charge a penalty (usually 0.5% to 1%) and pay a lower interest rate for the period the money was held.
Yes. The interest earned on FDs is added to your total income and taxed according to your income tax slab. Banks also deduct TDS if interest exceeds ₹40,000 in a year.