FD Calculator
Calculate the estimated interest earned and maturity amount of your Fixed Deposit investment.
Fixed Deposit Details
Fixed Deposit Summary
What is an FD Calculator?
An FD Calculator is a financial tool that helps investors estimate the maturity amount and interest earned on a Fixed Deposit based on the investment amount, annual interest rate, deposit tenure and compounding frequency.
The calculator can help investors understand the potential growth of their Fixed Deposit investment before investing money with a bank or financial institution.
How to Use the FD Calculator?
- Enter the amount you plan to invest in the Fixed Deposit.
- Select or enter the annual interest rate offered on the deposit.
- Choose the deposit tenure in years.
- Select the applicable compounding frequency, such as annually, half-yearly, quarterly or monthly.
- The calculator will instantly show the invested amount, estimated returns and maturity amount.
Why Use an FD Calculator?
- Helps estimate the potential maturity amount of a Fixed Deposit before investing.
- Shows the estimated interest earned during the selected deposit tenure.
- Allows investors to compare different investment amounts, interest rates, tenures and compounding frequencies.
- Can help investors plan their savings and evaluate Fixed Deposit investment options.
Frequently Asked Questions
What is a Fixed Deposit?
A Fixed Deposit is a financial product in which money is deposited with a bank or financial institution for a specified period at an agreed interest rate, subject to the applicable terms and conditions.
Can I manually enter my exact investment amount?
Yes. You can manually enter an exact investment amount up to ₹10 crore. The calculator will use the exact manually entered amount for the calculation while the slider moves to the nearest available position.
What is compounding frequency?
Compounding frequency refers to how often the interest earned on a deposit is added to the principal for the purpose of calculating future interest. Common compounding frequencies include annually, half-yearly, quarterly and monthly.
Does a higher compounding frequency increase FD returns?
When the annual interest rate, deposit amount and tenure remain the same, more frequent compounding can result in a higher maturity amount because interest is added to the principal more frequently.
Are the FD Calculator results exact?
The results are estimates based on the investment amount, interest rate, tenure and compounding frequency entered by the user. Actual Fixed Deposit returns may differ depending on the bank or financial institution, interest calculation method, deposit terms, taxes, premature withdrawal rules and other applicable conditions.