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Fixed Deposit (FD) Returns
Interest Calculator
FD Returns calculator
What is a Fixed Deposit (FD) Calculator?
How Does a Fixed Deposit (FD) Calculator Work
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
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How to Use an FD Calculator
Enter investment
Enter interest rate & term
Calculate returns
Advantages of an FD Calculator
Accuracy
Time-saving
Planning
Comparison
Frequently Asked Questions
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.
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.
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.
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.
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.
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.
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.