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.

– 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.