Fixed Deposit (FD) Returns
Interest Calculator

Calculate your future savings with ease
One-time
Monthly SIP
60,00,000
5.6
%
2
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CUSTOM CSS
investment
Interest
Maturity Amount
28,70,000
Total investment:
20,00,000
Interest earned:
8,70,000

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What is a Fixed Deposit (FD) Calculator

A Fixed Deposit (FD) Calculator is a handy online tool that helps you determine the interest you'll earn on a fixed deposit investment. It’s a tool that shows you exactly what your savings will grow into at the end of your FD term based on the deposit amount, the interest rate, and the duration of the deposit.

How Does a Fixed Deposit (FD) Calculator Work

A FD interest calculator uses a straightforward formula to calculate the maturity amount of your fixed deposit. The formula depends on whether the interest is compounded monthly, quarterly, half-yearly, or yearly.

For the simple interest FD, the following formula is used:

M = P + (P x r x t/100)

Where,  
P is the principal amount that you deposit
r is the rate of interest per annum
t is the tenure in years

For the compound interest FD, the following formula is used:

M= P + P {(1 + i/100) t – 1}

Where,  
P is the principal amount that you deposit
r is the rate of interest per annum
t is the tenure in years

How to Use an FD Calculator

Use our FD calculator to calculate the exact amount you’ll receive at the end of your FD maturity.
Enter investment
Start by typing in how much money you plan to invest in fixed desposit.
01
Enter interest rate & term
Next, enter the annual interest rate offered by your bank and the duration for which you intend to keep the deposit.
02
Calculate returns
The calculator will display how much money you'll have at the end of the term.
03

Advantages of an FD Calculator

Using an FD interest calculator to determine your fixed deposit’s growth comes with the following benefits:
Accuracy
It removes the guesswork and provides you with exact figures on your returns, which can be tricky to calculate manually, especially with compounded interests.
Time-saving
Instead of crunching numbers manually, you can get instant results with just a few clicks.
Planning
It helps you plan your finances by providing a clear picture of your investment's growth, allowing you to make informed decisions about reinvesting or using your funds.
Comparison
By adjusting the variables, you can easily compare different FD options to find out which one offers the best returns, making it easier to choose the right investment.

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80,000+ NRIs
trust Vance

Vance is the preferred app among 80,000+ NRIs in the UK and UAE for sending money to India. Download vance today.
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Frequently Asked Questions

Can the Fixed Deposit Calculator account for changes in interest rates during the deposit tenure?

Most basic FD calculators do not adjust for changes in interest rates during the deposit period; they typically operate under the assumption that the interest rate remains constant throughout the tenure of the fixed deposit.

How does the FD Calculator help me understand the impact of compounding on my fixed deposit returns?

The FD Calculator vividly illustrates how compounding boosts your earnings over time. By selecting different compounding intervals—such as monthly, quarterly, or annually—you can see how frequently applying interest to your initial deposit and previously earned interest increases your total return, compared to simple interest, which only applies to the principal amount.

Can the Fixed Deposit Calculator provide projections for both simple and compound interest on my fixed deposit?

Yes, most FD calculators are versatile enough to offer projections using both simple and compound interest formulas. This feature allows you to compare how much more you can earn with compound interest over simple interest for the same amount, rate, and duration.

Can I adjust the deposit amount and tenure in real-time to see how it affects the projected returns in the FD interest Calculator?

Absolutely! One of the key benefits of an FD calculator is its flexibility. You can vary the deposit amount, interest rate, and tenure as many times as you like to see different scenarios for your investment, making it an excellent tool for financial planning and decision-making.

Does the FD Calculator help me compare different fixed deposit options?

Yes, an FD interest calculator can be instrumental in comparing different deposit options. By inputting the varying terms and rates offered by different banks or financial institutions, you can directly compare the final maturity amounts and effectively decide which option suits your financial goals best.

Can I trust the Fixed Deposit Calculator's predictions for long-term deposits?

FD calculators provide a reliable estimation based on the inputs you provide, such as the principal amount, interest rate, and tenure. However, for long-term deposits, keep in mind that external factors like inflation, changes in monetary policy, and fluctuating interest rates can affect actual returns.

Can I use this calculator for any other investment option?

FD calculators are specifically designed for calculating the maturity amount of fixed deposits based on set formulas. They might not be suitable for other types of investments that have different variables and calculations, such as equities, mutual funds, or bonds. For these, you would likely need investment calculators tailored to each type's specific requirements and risk profiles.

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