FD Calculator

A Fixed Deposit (FD) Calculator helps you estimate the maturity amount and total interest earned on your fixed deposit investment. Whether you are investing with a bank or NBFC, this tool gives you a clear picture of your returns before you commit your money.

Formula Used

Where P is the principal amount, r is the annual interest rate, t is the time period in years, and n is the number of times interest is compounded per year (monthly = 12, quarterly = 4).

Example Calculation

If you invest ₹1,00,000 in an FD at 7% per annum for 3 years with quarterly compounding (n=4), the maturity amount is ₹1,00,000 × (1 + 0.07/4)^(4×3) = approximately ₹1,23,144. Your total interest earned is ₹23,144.

How to Use This Calculator

1. Enter the principal amount (the amount you want to invest).
2. Enter the interest rate offered by your bank.
3. Enter the tenure of the FD in months or years.
4. Select the compounding frequency (monthly, quarterly, or yearly).
5. Click Calculate to see your maturity amount and interest earned.

Tips to Maximise Your FD Returns

• Compare interest rates across banks — small finance banks often offer higher rates.
• Senior citizens typically get an additional 0.25%–0.50% interest rate benefit.
• Opt for cumulative FDs if you do not need regular income — compounding works in your favour.
• Laddering your FDs (splitting into multiple FDs with different tenures) gives flexibility.