age-calculator

An FD Calculator helps you estimate the interest earned and total maturity amount on your fixed deposit investment. Just enter the deposit amount, interest rate, time period, and compounding frequency to get accurate results instantly.

How Fixed Deposit Calculator Works

The calculator uses the compound interest formula to compute your total returns:
Maturity Amount = P × (1 + r/n)^nt
Where:

P = Principal amount
r = Annual interest rate (in decimal)
n = Compounding frequency (e.g., 1 for yearly, 4 for quarterly)
t = Time period in years

Why Use Our FD Calculator?

Instantly calculate interest and maturity value
Supports monthly, quarterly, half-yearly, and yearly compounding
Helps compare FD returns across banks
100% free and easy to use

Benefits of Fixed Deposits

Low-risk investment option
Guaranteed returns
Flexible tenures (from 7 days to 10 years)
Tax-saving options available (for 5-year FDs)

Who Should Use FD Calculator?

Investors comparing FD returns across banks
Retirees looking for fixed income
Students and professionals planning short-term savings
Anyone looking for safe investment returns

Frequently Asked Questions (FAQs)

What is an FD Calculator?

An FD Calculator helps you calculate the interest and maturity amount for a fixed deposit investment based on principal, interest rate, time period, and compounding frequency.

What is the formula used for FD calculation?

The formula is: M = P × (1 + r/n)^(nt), where P is principal, r is annual interest rate, n is compounding frequency, and t is time in years.

What are the compounding options in FDs?

Frequencies include monthly, quarterly, half-yearly, and yearly compounding, depending on the bank or scheme.

Is FD interest taxable?

Yes, FD interest is taxable. If total interest exceeds ₹40,000 (₹50,000 for senior citizens) in a year, TDS may be applicable.

Can I calculate returns for tax-saving FDs?

Yes, you can use the same calculator to estimate returns for 5-year tax-saving FDs, but note they have a lock-in period.