Fixed Deposit Calculator
Calculate maturity amount and interest earned on your FD investment.
Breakdown
Principal
₹1,00,000
Interest
₹41,478
Maturity
₹1,41,478
Schedule
| Year | Principal | Interest | Total |
|---|---|---|---|
| 1 | ₹1,00,000 | ₹7,186 | ₹1,07,186 |
| 2 | ₹1,00,000 | ₹14,888 | ₹1,14,888 |
| 3 | ₹1,00,000 | ₹23,144 | ₹1,23,144 |
| 4 | ₹1,00,000 | ₹31,993 | ₹1,31,993 |
| 5 | ₹1,00,000 | ₹41,478 | ₹1,41,478 |
What is Fixed Deposit?
A Fixed Deposit (FD) is a savings instrument offered by banks and financial institutions where you deposit a lump sum amount for a fixed tenure and earn interest at a predetermined rate. It is considered a low-risk investment because the interest rate is fixed at the time of deposit.
An FD Calculator helps investors estimate the maturity amount and interest earned on their deposit over the selected tenure.
How Fixed Deposit Works
When you open a Fixed Deposit, you invest a specific amount for a chosen period such as 1 year, 3 years, or 5 years. The bank pays interest on this amount, which is compounded quarterly in most Indian banks.
Compounding means that the interest earned is added to the principal, and future interest is calculated on this increased amount.
Lump Sum Investment
Entire amount deposited at the beginning
Quarterly Compounding
Interest compounded every 3 months in most banks
Fixed Rate
Interest rate locked at the time of deposit
Calculation Method
Formula:
Where:
- P = Principal amount invested
- R = Annual interest rate (in decimal form)
- n = Compounding periods per year (4 for quarterly)
- T = Tenure in years
Assumptions:
- ✓ Quarterly compounding
- ✓ Fixed interest rate
- ✓ No premature withdrawal
Key Benefits
Maturity Amount
Know exactly what you will receive at the end
Interest Earned
See total interest generated over the tenure
Compare Options
Evaluate different interest rates and tenures
Low Risk
Guaranteed returns with no market exposure
Important Disclaimer
This calculator provides estimated values for planning purposes only. Actual returns may vary depending on bank policies, interest rate changes, premature withdrawal rules, and taxes.
Always verify the final FD terms with your bank or financial institution before investing.