Fixed Deposit Calculator
Invested amount
$10,000Est. returns
$2,762Total value
$12,762What is a Fixed Deposit?
A Fixed Deposit (FD) is a type of term investment offered by banks and financial institutions where you deposit a lump sum for a fixed period and earn interest at a predetermined rate. The tenure of an FD can range from a few days to several years depending on the institution and the investment plan.
At the end of the investment period, also known as maturity, you receive your original deposit along with the interest earned during the tenure.
What is a Fixed Deposit Calculator?
A Fixed Deposit Calculator is an online tool that helps you estimate the interest earned and the maturity amount of your FD investment. By entering a few basic details such as the investment amount, interest rate, and tenure, the calculator instantly shows the estimated returns.
This tool simplifies complex calculations and allows investors to quickly understand how their investment will grow over time.
Benefits of Using an FD Calculator
Using an online FD calculator provides several advantages:
- Instantly calculate the maturity value of your fixed deposit
- Save time compared to manual calculations
- Plan your investments more effectively
- Compare different interest rates and investment tenures
- Make better financial decisions based on accurate estimates
Fixed Deposit Maturity Formula
FD returns can be calculated using either simple interest or compound interest depending on the type of deposit.
Simple Interest Formula
M = P + (P × r × t / 100)
Where:
- P = Principal investment amount
- r = Annual interest rate
- t = Investment tenure in years
Compound Interest Formula
M = P (1 + r/100)^t
Where:
- P = Principal amount
- r = Interest rate per period
- t = Number of years
Compound interest typically results in higher returns because the interest is calculated on both the principal and accumulated interest.
How to Use the FD Calculator
Using the calculator is simple:
- Enter the investment amount
- Select the interest rate
- Choose the investment period
- Instantly view the estimated returns and total maturity value