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FD Calculator

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1 Yr

30 Yrs

The future value of investment will be

Invested Amount


Estimated Return


What is Fixed Deposit (FD)?

A fixed deposit (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. The deposit and the interest earned on it are both guaranteed, and the money cannot be withdrawn before the maturity date without incurring a penalty. Fixed deposits are generally considered a low-risk, low-return investment option.

What is a FD Calculator?

Determining the maturity amount of a fixed deposit can be challenging, but with the help of an online FD calculator, you can get the answer effortlessly.

Using FD calculator you can:

  • Save time on intricate calculations with the help of an FD calculator.
  • Determine the exact maturity amount and plan for your future.
  • Compare the maturity amounts and interest rates of FDs from various financial institutions.
How does FD Calculator Work?

Fixed Deposits (FDs) offer a secure way to grow your savings. The interest rate on your deposit is determined by the length of your deposit (tenure) and the frequency of compounding interest. The calculation of interest on an FD is done using the following formula:

Our FD calculator takes three main factors into account

  1. Principal Amount (p)
  2. Rate of interest (r)
  3. Tenure (t)
By inputting these values, our 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 = FD - P
= 138042 - 100,000
= 38042

So according to the formula, let’s assume, if Rashi invests ₹10000 for 10 years at a 6.5% interest rate, then at maturity, the value of the investment will be ₹138,042.


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 The deposit is locked in for the term of the deposit and cannot be withdrawn until maturity.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 a Fixed Deposit (FD) Calculator?

A Fixed Deposit Calculator is a tool that helps investors estimate the amount of interest they will earn on their Fixed Deposit investment. It calculates the maturity amount based on the deposit amount, tenure, and interest rate.

How does an FD Calculator work?

An FD Calculator works by taking the deposit amount, tenure, and interest rate as inputs, and using a mathematical formula to calculate the maturity amount. The formula takes into account the frequency of interest compounding, which can affect the overall 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.

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