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FD Calculator

An FD calculator is used for calculating the final amount that you will get if you invest in a Fixed Deposit (FD) with a given amount, a given rate of interest, and a given duration of investment.

Total Investment

Interest rate




Select Duration


1 Yr

30 Yrs

The future value of investment will be


Invested Amount

Estimated Return

Invest in the market to complement your fixed-income portfolio and earn higher retrurns.

What is an FD Calculator?

A FD calculator is a free, online tool that can help you automatically calculate the future value of your fixed deposit investment based on the amount invested, the duration of investment, and the rate of returns offered by the bank. It is a better alternative to manually calculating the maturity amount of an FD. Since it is publicly available online, anyone with a device with internet access can use it to accurately calculate returns on their FD investments.

Since calculating the FD returns is so easy with an FD calculator, you can use the calculator to compare the maturity amounts and impact of various interest rates of FDs from various financial institutions.

How does FD Calculator Work?

The Angel One online FD calculator gives you accurate figures on your FD returns based on what you enter under total investment, duration and rate of interest. It does so automatically and almost instantaneously, based on the FD calculator formula that is programmed into the online calculator. You can access it anytime for free. All you have to do is enter the required details regarding the invested amount, rate of interest and duration and the FD calculator will show you the final amount that you will receive at the end of the duration.

How can a FD calculator help you?

The following are some of the ways in which an FD calculator can help you:

  1. Estimate returns in advance - The online FD calculator will show you the final maturity amount that you will receive from investing in an FD with a certain amount, interest rate and for a certain time period.
  2. Comparing various investment options - Easy and fast calculations allow you to compare an FD against several alternative FDs offered by other banks, as well as different returns from different durations for the same fixed deposit.

Formula to Calculate FD Maturity Amount

The calculation of the final maturity amount of an FD is done using the following formula:

Maturity amount = p(1 + r/n)^nt

p = Principal Amount
r = Rate of interest
t = Tenure of investment
By inputting these values, our FD return calculator is able to determine the returns for the investments for that specific period of time using this formula.

r = rate of interest = 6.5% = 6.5/100 = 0.065
n = frequency of compounding = 4 (compounded quarterly)
t = tenure = 5 years
p = principal amount

Maturity Amount = P (1 + r/n)nt
= 100,000 (1 + 0.065/4)^(5x4)
= 100,000 (1.01625)^20
= 100,000 (1.38041977)
= 138,041.977
~ 138,042

Interest Amount = Maturity Amount - P
= 1,38,042 - 100,000
= 38,042


Assume that Mr A is planning to invest in an FD with ₹3,00,000 for 7 years at a 6.5% interest rate. Before investing, he can check out how much he will receive at the end of the duration of the investment. If he enters invested amount as ₹3,00,000, the rate of interest as 6.5% and the duration as 7 years, then the final amount that he will receive will be shown by the fixed deposit calculator as ₹4,71,126. Out of this ₹3,00,000 will be the invested amount and ₹1,71,126 will be the interest that he has earned from the FD investment.
However, it might be the case that Mr A is unsure whether he wants to stay invested for 7 years or 10 years. To resolve this dilemma, he can quickly use the FD interest calculator and calculate the final amount from the same FD but for 10 years to be ₹5,71,668 i.e. an interest amount of ₹2,71,668. Now Mr A can simply decide which FD is suitable for him.

How to use Angel One FD Calculator?

To use the FD calculator, simply follow the steps mentioned below -

  1. On the FD calculator page on the Angel One website, enter the principal amount that you are investing under “Total Investment”
  2. Enter the interest rate or the rate of return that the financial institution is offering you.
  3. Enter the duration or tenure of investment.

The fixed deposit calculator will automatically show you the future value of your investment at the end of the duration. It will also break the value down into the total interest earned and the total invested amount.

Advantages of FD Calculator

The following are some of the advantages of FD calculator:

  1. Financial planning - The FD calculator is an excellent tool for calculating FD returns quickly. It helps you in taking more informed financial decisions and earning higher returns.
  2. Free - The fixed deposit calculator is completely free to use on any device with the internet, as many times as you want.
  3. Accurate and efficient - The results are immediate and error-free every time. It is definitely a better option than doing all the calculations manually.

What is Fixed Deposit (FD)?

An FD is a savings account with a bank where a customer can deposit a lump sum of money for a fixed tenure at a fixed interest rate. Unlike a normal savings bank account, the interest earned is fairly higher. Unlike a mutual fund, the deposit amount and the stated interest rate are both guaranteed.

The FD may have a lock-in period during which the funds cannot be withdrawn without paying a penalty. Fixed deposits are generally considered a low-risk, low-return investment option and are popular among investors in India. Different banks offer different interest rates for fixed deposits, including different rates for senior citizens. It is important that you research fixed deposits adequately before committing any large sum of money to a fixed deposit.

Fixed Deposit Interest Rates of Different Banks

Bank FD names For General Citizens (per annum) For Senior Citizens (per annum)
SBI FD Interest Rate 6.10% 6.90%
HDFC Bank FD Interest Rate 6.25% 7.00%
ICICI Bank FD Interest Rate 6.25% 6.95%
IDBI Bank FD Interest Rate 6.10% 6.85%
Kotak Mahindra Bank FD Interest Rate 6.20% 6.70%
RBL Bank FD Interest Rate 5.75% 6.25%
KVB Bank FD Interest Rate 6.10% 6.60%
Punjab National Bank FD Interest Rate 6.60% 6.60%
Canara Bank FD Interest Rate 6.50% 7.00%
Axis Bank FD Interest Rate 6.50% 7.25%
Bank of Baroda FD Interest Rate 5.65% 6.65%
IDFC First Bank FD Interest Rate 6.00% 6.50%
Yes Bank FD Interest Rate 6.75% 7.50%
IndusInd Bank FD Interest Rate 6.25% 7.00%
UCO Bank FD Interest Rate 5.30% 5.80%
Central Bank of India FD Interest Rate 6.25% 6.75%
Indian Bank FD Interest Rate 6.30% 7.05%
Indian Overseas Bank FD Interest Rate 6.40% 6.90%
Bandhan Bank FD Interest Rate 5.60% 6.35%

Note: The above-mentioned interest rates are as of August 9, 2023. The rates are subject to change as per the policy of the banks.

FD Calculator Approaches

There can be two different approaches to calculating investments. You can either take the investment approach where you enter the details of the amount invested to find out what amount you will receive in the end. Or, you can enter the details of the target amount that you want to achieve in order to find out what amount you need to invest and over what timeline.

The investment amount approach refers to method where the user enters the invested amount, rate of interest and duration in order to find out the final amount or the future value of investment that they will receive at the end of the investment tenure. This is the standard approach that is available for the Angel One FD Calculator.

This is in contrast to the Target Amount approach where the user enters their target future value that they want to have at the end of the duration, along with the duration and rate of interest. In exchange, the FD return calculator gives them the initial amount that they need to invest in order to achieve that final amount at the given interest rate and within the given duration.

NRI FD Calculator

As an NRI or Non-resident Indian, you too can invest in fixed deposits in India. Therefore, you can use the FD calculator for calculating your future returns from an FD investment. Follow the same steps i.e. enter the investment amount, the duration and the rate of interest. You will be shown the final value of your investment automatically with the FD rate calculator.

FD Calculation for Resident Customers & NRI

NRIs have to follow certain regulations for their FD investments. Therefore, while using the FD calculator, you must use the correct details that apply to you, if you are an NRI.

As an NRI, you can use the FD interest calculator only for Non-Resident External (NRE) and Non-Resident Ordinary (NRO) Term Deposits with a premature FD withdrawal facility. You cannot use the FD calculator for calculating the maturity value for Foreign Currency Not Repatriable (FCNR) Account Deposits.

For the calculation of NRI FD rates, use the following information -

FD Type Maximum Tenure Minimum Tenure
NRE FD 10 year 1 year
NRO FD 10 year 7 days

You must also follow these restrictions while using FD rate calculator if you are an NRI -

  1. Senior citizen rates do not apply to NRE and NRO Deposits
  2. The minimum FD amount should be ₹25,000

FD Calculator FAQs

How does the FD calculator help in future financial planning?

An FD calculator helps in future financial planning by providing an accurate estimate of the maturity amount and interest earned on a fixed deposit. It allows investors to compare different interest rates, tenures, and compounding frequencies, helping them make informed decisions about their investments and align them with their financial goals.

How is the Premature FD Penalty Calculated?

The premature FD penalty is calculated based on the bank's policy, which typically involves reducing the applicable interest rate and charging a penalty fee. The interest rate applied is usually lower than the original rate or the rate applicable for the period the FD was held, and the penalty fee is a percentage of the interest earned.

What information do I need to use an FD Calculator?

To use an FD Calculator, you will need to provide the deposit amount, tenure, and interest rate. Some calculators may also ask for the frequency of interest compounding.

Is an FD Calculator reliable?

FD Calculators are reliable as long as they are based on accurate and up-to-date information, such as current interest rates offered by financial institutions. However, the actual maturity amount may vary slightly due to changes in interest rates, taxes, and other factors.

Can I use an FD Calculator for comparison purposes?

Yes, an FD Calculator can be used for comparison purposes to compare the interest earned on different FD investments. You can use the calculator to compare the maturity amount and interest earned on different deposits with different tenures and interest rates.

What is a Fixed Deposit (FD)?

A Fixed Deposit is a savings instrument where an individual deposits a lump sum amount of money for a fixed term, earning a fixed rate of interest. The deposit is locked in for the term of the deposit and cannot be withdrawn until maturity.

How is the interest rate determined for FDs?

The interest rate on Fixed Deposits is determined by the financial institution and may vary depending on the term of the deposit, the amount invested, and overall market conditions.

Are there any tax benefits to investing in FDs?

Interest earned on Fixed Deposits may be subject to income tax, depending on the investor's tax bracket. However, there may be tax benefits available for FDs under certain conditions, such as under the 80C section of the Income Tax Act for investments in tax-saving FDs.

What happens if I need to withdraw my FD before maturity?

Withdrawing a Fixed Deposit before maturity is possible, but it may come with a penalty, such as a reduction in interest earned. Financial institutions may also have specific rules and procedures for premature withdrawal.

Can joint FD accounts be opened?

Yes, joint FD accounts can be opened by two or more individuals, allowing them to pool their resources and earn interest on their joint investment. The interest earned and the maturity proceeds are usually split among the joint account holders.

What is the minimum amount required to open an FD?

The minimum amount required to open an FD varies by bank, but it typically ranges from ₹1,000 to ₹10,000. It is advisable to check with the specific bank for their minimum deposit requirement.

What is the maximum FD limit for senior citizens?

There is generally no maximum limit for the amount senior citizens can invest in a fixed deposit. However, certain banks or schemes might have specific limits or conditions, so it is important to review the terms and conditions of the chosen financial institution.

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