FD Calculator
💰 FD Calculator: Calculate Your Fixed Deposit Returns Instantly
A Fixed Deposit (FD) Calculator helps you estimate how much return you’ll earn on a lump sum deposit over a specific period at a fixed interest rate. It’s the simplest tool for planning low-risk investments with guaranteed returns.
📌The Formula to Calculate FD Calculator:
The maturity amount for fixed deposits is calculated using this formula:
A = P × (1 + r/n)^(n × t)
Where:
A = Maturity amount
P = Principal (deposit amount)
r = Annual interest rate (in decimal)
n = Number of times interest is compounded per year
t = Tenure (in years)
This formula accounts for compounding interest, giving you accurate results for different tenures and frequencies.
🧑🏫 How to Use the FD Calculator?
It’s very easy to use:
Enter the deposit amount.
Select the annual interest rate offered by your bank.
Choose the tenure (in months or years).
Pick the compounding frequency – monthly, quarterly, half-yearly, or yearly.
Click “Calculate” to view the maturity amount and total interest earned.
This gives you a clear idea of how your savings grow over time.
✅ Benefits of Using an FD Calculator
Instant results — no manual math needed.
Helps you compare interest rates across banks.
Easy to plan investments based on your financial goals.
Useful for short-term and long-term savings strategies.
Encourages disciplined savings by showing guaranteed returns.
📉 Factors That Affect FD Returns
Deposit Amount: The more you invest, the higher the return.
Tenure: Longer durations often fetch higher rates and more compounding benefit.
Interest Rate: Varies between banks and FD types.
Compounding Frequency: More frequent compounding = better returns.
Investor Type: Senior citizens often get 0.25% to 0.50% higher interest.
❓ Frequently Asked Questions (FAQs)
What is an FD calculator?
An FD calculator is an online tool that helps you estimate the maturity amount and total interest earned from your fixed deposit, based on interest rate, tenure, and amount.
Are FD calculator results accurate?
Yes, they give highly accurate estimates based on your input values. However, actual payout may slightly vary depending on bank policies or tax deductions.
Can I use this calculator for tax-saving FDs?
Yes, you can use it to estimate returns on 5-year tax-saving fixed deposits, though early withdrawals are not allowed in those schemes.
How is interest taxed on FDs?
FD interest is taxable as per your income tax slab. Banks may deduct TDS (Tax Deducted at Source) if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a year.
Do senior citizens get higher returns?
Yes, most banks offer 0.25% to 0.50% higher interest rates for senior citizens. This calculator lets you factor in that difference for accurate results.