What is a Fixed Deposit?
A Fixed Deposit (FD) is one of the safest investment options offered by banks and NBFCs. You deposit a lump sum for a specific tenure and earn a fixed interest rate. The longer the tenure, the higher your total return.
How to Use the FD Calculator
- Enter the amount you wish to invest (Principal).
- Input the annual interest rate offered by your bank.
- Enter the tenure in years.
- Select how often the interest is compounded (monthly, quarterly, yearly).
- Click Calculate to see your maturity amount and interest.
Why Use This FD Calculator?
- Instant and accurate compound interest results
- Supports monthly, quarterly, and yearly compounding
- No registration or downloads required
- Completely free and secure
Example Calculation
If you invest ₹1,00,000 for 5 years at 7% annual interest compounded quarterly, the maturity amount will be approximately ₹1,41,478. The total interest earned will be ₹41,478.
FAQs
Can I use this calculator for recurring deposits? No, for RDs use our Recurring Deposit Calculator.
Does this calculator show pre-tax returns? Yes, results shown are before tax deductions.
Is FD safe? Yes, fixed deposits are considered safe investments backed by your bank or NBFC.