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Fixed Deposit (FD) Calculator

Calculate the maturity amount and interest earned on your fixed deposit based on principal, interest rate, tenure, and compounding frequency.

FD Details
Enter your deposit amount, rate and tenure
₹1,000₹20,00,000
1%15%
1 years10 years
Maturity Details
Your FD maturity amount and interest earned

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Enter your FD details and calculate to see the maturity amount.

Understanding Fixed Deposits

What is a Fixed Deposit?

A Fixed Deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.

Types of Interest Calculation

  • Simple Interest: Interest is calculated only on the principal amount.
  • Compound Interest: Interest is calculated on the principal and on the interest accumulated over previous periods.

Higher compounding frequency (monthly > quarterly > annually) typically results in higher returns.

Key Benefits of FDs

  • Guaranteed returns with fixed interest rates
  • Higher interest rates for senior citizens
  • Flexible tenure options
  • Lower risk compared to market-linked investments
  • Option for periodic interest payouts