A fixed deposit (FD) is a financial instrument that majorly all banks and non-banking financial companies (NBFC) provide. Under a fixed deposit comes with a flexible duration, guaranteed, and predetermined rate of interest. Irrespective of the market fluctuations you will always earn the predetermined interest on your FD investment. You can invest for a tenure ranging from 7 days to 10 years. The more the deposit amount for a longer period, the higher will be the applicable interest rate and interest earned due to the power of compounding.
*Estimation is based on historical return of the funds and done to facilitate informed decision making for investors. Actual results may vary. Mutual Fund investments are subject to market risk. Please read the respective offer documents carefully before investing.
A fixed deposit calculator is a tool that calculates the amount of interest that may be earned on a fixed deposit. It computes the maturity amount based on the deposit amount, FD interest rate, and fixed deposit tenure. The maturity amount is the amount received after the FD term. It is made up of the entire amount of interest generated on the principal (deposit amount).
The FD calculator is based on the input you submit. Simply enter the amount and the term, and the maturity amount and interest received will be calculated automatically based on the current interest rate.
You can choose from a variety of tenures that are appropriate for your investment. The original investment amount will be computed using either simple or compound interest, depending on the bank/financial institution's policy. Before creating a fixed deposit account, use an FD calculator to calculate the interest earned.