Fixed Deposit Calculator
Calculate your Fixed Deposit maturity amount and interest earnings with compound interest calculations.
How to Use the FD Calculator?
Enter your principal amount, interest rate, tenure, and compounding frequency to calculate your FD returns.
What is a Fixed Deposit?
A Fixed Deposit (FD) is a financial instrument provided by banks and NBFCs where you can deposit money for a fixed period at a predetermined interest rate. Key features include:
- Guaranteed returns at a fixed interest rate
- Capital protection with no risk of loss
- Flexible tenure options from 7 days to 10 years
- Compound interest calculations for better returns
Benefits of Fixed Deposits
- Safety: Your principal amount is completely safe
- Guaranteed Returns: Fixed interest rate ensures predictable returns
- Loan Against FD: Can be used as collateral for loans
- Tax Benefits: Tax-saving FDs available under Section 80C
Compounding Frequency Impact
The frequency of compounding affects your returns:
- Annual: Interest compounded once a year
- Semi-Annual: Interest compounded twice a year
- Quarterly: Interest compounded four times a year (most common)
- Monthly: Interest compounded twelve times a year