FD Calculator
A Fixed Deposit calculator is a simple tool that helps you calculate the maturity amount for your FD.
What is FD?
A Fixed Deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors with a higher rate of interest than a regular savings account, until the given maturity date.
How to use the calculator?
Choose the tenor on your fixed deposit, depending on your needs. The maturity amount and gross interest paid on your fixed deposit will be automatically shown on the calculator. You should experiment with various tenors and deposit amounts to see if the maturity amount and interest received charges change over time.
How is the interest on a fixed deposit calculated?
The formula to calculate the interest is:
A = P*(1+ r/n) ^n*t
where
A is the maturity amount,
p is the principal amount,
r is the rate of interest,
t is the number of years,
n is compounded interest frequency.
Based on several factors you can choose the tenors, pay out frequency, deposit type etc for your FD.