## Fixed Deposit(FD) Calculator

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.

Check how much could earn with FD

• Fixed Deposit Amount

• FD Term Year

5
• Interest Rate(%)

5

Calculate

### 3,82,884

*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.

## What is an FD calculator?

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).

## How does the FD calculator work?

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.

## Why use the FD calculator?

• - Because it's an automated calculator, there's no room for error.
• - Time and effort are saved by zeroing in on time-consuming calculations for numerous tenures, amounts, and rates.
• - Because the tool is free, clients may use it numerous times to compare returns for various FD rates, tenures, and amounts.