Fixed Deposit Calculator: Calculate FD Returns
Compute maturity amount and interest earned on your fixed deposit investment in India. Perfect for financial planning for students, educators, and investors.
Your Fixed Deposit Results
Maturity Amount (₹)
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Interest Earned (₹)
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Calculation Steps
Steps will appear here after calculation.
FD Investment Tips
Compare interest rates from multiple banks.
Check for senior citizen benefits if applicable.
Plan tenure based on financial goals.
More Tools to Explore:
Your Guide to Fixed Deposit Calculations in India
What’s a Fixed Deposit Calculator?
A Fixed Deposit (FD) Calculator computes the maturity amount and interest earned on your FD investment, considering deposit amount, tenure, interest rate, and compounding frequency. Ideal for financial planning in India.
How FD Returns Are Calculated
Formulas used:
Simple Interest FD:
M = P + (P × r × t / 100)
Where M = Maturity Amount, P = Principal, r = Interest Rate (% p.a.), t = Tenure (years)
Compound Interest FD:
M = P × (1 + r/(n×100))^(n×t)
Where n = Compounding frequency per year (e.g., 12 for monthly)
Our calculator provides accurate results with step-by-step explanations!
Understanding Your Results
Your results include:
| Component | Description |
|---|---|
| Maturity Amount | Total amount at the end of tenure (principal + interest). |
| Interest Earned | Total interest accrued on your investment. |
Why Use a Fixed Deposit Calculator?
Plan your investments effectively:
Financial Planning
Estimate returns for goals like education or retirement.
Compare Options
Evaluate FD schemes from banks like SBI, HDFC, or ICICI.
Accurate Results
Avoid manual calculation errors.
Key Considerations for Fixed Deposits in India
Ensure informed investment decisions:
Results are estimates based on inputs. Actual returns may vary due to TDS or bank policies.
Interest rates vary by bank (e.g., SBI, HDFC) and tenure. Senior citizens get 0.25%–0.5% higher rates.
TDS applies if interest exceeds ₹10,000/year for residents. NRE FDs are tax-free in India.
Frequently Asked Questions About Fixed Deposits
Questions about calculating FD returns in India? Here are answers to guide your financial planning:
It calculates the maturity amount and interest earned on an FD based on deposit amount, tenure, interest rate, and compounding frequency.
Simple Interest: M = P + (P × r × t / 100). Compound Interest: M = P × (1 + r/(n×100))^(n×t). Steps are shown for clarity.
Rates range from 2.9% to 8.5%, depending on bank, tenure, and customer type. Senior citizens get higher rates.
Yes! Helps plan savings for education or future goals, ideal for CBSE, JEE, NEET students, and parents.
Yes! All calculations are done locally in your browser, with no data stored.