FD Calculator
Calculate Fixed Deposit maturity amount with compound interest
FD Details
FD Results
Enter FD details and click Calculate to see maturity amount
About Fixed Deposit Calculator
What is a Fixed Deposit?
A Fixed Deposit (FD) is a financial instrument provided by banks and NBFCs which provides investors with a higher rate of interest than a regular savings account, until the given maturity date. The interest rate is fixed for the entire tenure.
How FD Interest is Calculated
FD interest is calculated using the compound interest formula:
Maturity Amount = Principal × (1 + Rate/Frequency)^(Frequency × Time)Compounding Frequency
Annually1 time/year
Half-yearly2 times/year
Quarterly4 times/year
Monthly12 times/year
Benefits of Fixed Deposits
- ✓Guaranteed returns: Fixed interest rates ensure predictable returns
- ✓Safe investment option: Minimal risk with bank guarantee
- ✓Flexible tenure options: From 7 days to 10 years
- ✓Loan facility available: Can get loan against FD
- ✓Tax benefits: Section 80C benefits for 5-year tax-saving FDs
Things to Consider
- ⚠Interest earned is taxable as per your income tax slab
- ⚠Premature withdrawal may result in penalty charges
- ⚠Returns may not beat inflation in the long term
- ⚠TDS applicable if interest exceeds ₹40,000 per year
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