Calculate Your Fixed Deposit
Estimate maturity amount, interest earned, and plan your investments effectively
FD Details
Growth Analysis
Principal vs Interest
Growth Over Time
About FD Calculator
A Fixed Deposit (FD) calculator helps you estimate the maturity amount and interest earned on your fixed deposit investment. It uses compound interest to calculate how your money grows over time.
How FD is Calculated
FD maturity amount is calculated using compound interest formula:
- A = Maturity Amount
- P = Principal Amount
- r = Annual Interest Rate (as decimal)
- t = Tenure in Years
Key Benefits
- Plan your investments and savings goals effectively
- Compare different FD rates and tenures
- Understand the power of compound interest
- Make informed decisions about your fixed deposit investments
Note: This calculator uses annual compounding. Actual FD calculations may vary based on compounding frequency (quarterly, monthly, etc.) as per bank policies. Please consult with your bank for exact calculations.
Frequently Asked Questions
FD interest is calculated using compound interest formula: A = P(1 + r/n)^(nt), where P is principal, r is annual interest rate, n is compounding frequency, and t is tenure in years.
The minimum tenure for Fixed Deposits is typically 7 days, but interest rates are higher for longer tenures. Most banks offer better rates for FDs with 1 year or more tenure.
Yes, FD interest is taxable as per your income tax slab. However, you can claim deduction under Section 80C for tax-saving FDs with a lock-in period of 5 years.