FD (Fixed Deposit) Calculator

A Fixed Deposit (FD) Calculator helps you estimate the maturity amount and interest earned when you invest in a fixed deposit for a specific period. It’s a simple and reliable way to plan your savings in India.

How It Works:

1. Principal Amount: Enter the amount you plan to invest in the FD.
2. Tenure: Choose the duration for which you want to keep the money in the FD (e.g., 1 year, 3 years, 5 years).
3. Interest Rate: Input the applicable interest rate offered by the bank or financial institution.
4. Compounding Frequency: Select how often the interest is compounded (e.g., quarterly, half-yearly, or annually).

Once you input these details, the FD calculator will show:

• Maturity Amount: The total amount you will receive at the end of the FD tenure.
• Interest Earned: The total interest your deposit will generate over the period.

Example:

If you invest INR 1,00,000 for 5 years at an interest rate of 6.5% per annum (compounded quarterly), the calculator will show you the final maturity amount and the interest earned during the term.

Benefits:

• Accurate Planning: Know exactly how much your investment will grow.
• Comparison: Easily compare FDs from different banks by inputting different interest rates and tenures.
• Safe Investment: FDs in India are low-risk, offering stable returns.

An FD calculator is a must for anyone looking to plan their savings and ensure they get predictable, fixed returns over time.