FD Calculator
Fixed Deposit Calculator
Fixed Deposit (FD) is a secure investment option offered by banks and financial institutions where you deposit a lump sum for a fixed tenure at a predetermined interest rate. Our free FD calculator helps you calculate the maturity amount and interest earnings on your fixed deposit investment.
Calculate your FD maturity amount and plan your investments wisely
Adjust the inputs to see your FD calculation
Compound Interest Formula
Where A is the maturity amount, P is the principal, r is the annual interest rate, n is the compounding frequency, and t is the time in years.
Formula Variables:
Compounding Frequencies:
Example Calculation:
Given: Principal = ₹1,00,000, Interest Rate = 7% p.a., Tenure = 2 years, Compounding = Quarterly
Formula: A = 1,00,000 × (1 + 0.07/4)4×2
Calculation: A = 1,00,000 × (1.0175)8
Result: A = ₹1,14,888
Interest Earned: ₹1,14,888 - ₹1,00,000 = ₹14,888
💡 Important Notes:
- • Higher compounding frequency results in higher returns
- • Most banks offer quarterly compounding for fixed deposits
- • Interest earned is subject to TDS if it exceeds ₹40,000 per year
- • Senior citizens get an additional 0.5% interest rate in most banks
A Fixed Deposit (FD) is a financial instrument provided by banks and Non-Banking Financial Companies (NBFCs) that provides investors with a higher rate of interest than a regular savings account, until the given maturity date. It is a secure investment option where you deposit a lump sum amount for a fixed tenure at a predetermined interest rate.
Key Features:
- ✓Guaranteed Returns: Fixed interest rate throughout the tenure
- ✓Capital Protection: Principal amount is fully protected
- ✓Flexible Tenure: From 7 days to 10 years
- ✓Loan Against FD: Up to 90% of the deposit amount
Benefits:
- •Higher interest rates than savings accounts
- •No market risk involved
- •Deposit insurance up to ₹5 lakhs per bank
- •Senior citizen benefits (additional 0.5% interest)
Regular FD
Standard fixed deposit with fixed interest rate and tenure. Interest can be paid monthly, quarterly, or at maturity.
Tax Saver FD
5-year lock-in period with tax benefits under Section 80C. Eligible for deduction up to ₹1.5 lakhs.
Senior Citizen FD
Additional 0.5% interest rate for senior citizens (60+ years). Some banks offer up to 0.75% extra.
Cumulative FD
Interest is compounded and paid at maturity along with principal. Higher returns due to compounding.
Non-Cumulative FD
Interest is paid out at regular intervals (monthly/quarterly). Suitable for regular income needs.
Flexi FD
Combination of savings and FD. Excess amount above threshold automatically converts to FD.
| Investment | Returns | Risk | Liquidity | Tax |
|---|---|---|---|---|
| Fixed Deposit | 5-8% p.a. | Very Low | Medium | As per slab |
| Savings Account | 3-4% p.a. | Very Low | High | As per slab |
| Mutual Funds | 8-15% p.a. | High | High | LTCG/STCG |
| PPF | 7-8% p.a. | Very Low | Low | Tax Free |
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