FD Calculator

Q: How does the FD interest calculator work?

The FD calculator works on the following formula:M = P + P {(1 + i/100) t – 1}, where M is the maturity amount, P is the principal, i is the annual interest rate, n is the compounding frequency, and t is the tenure in years.

My lump sum investment is

₹

I expect returns up to

1% 15%

My tenure of investment

Years Months

1 Year 25 Years

Compounding tenure

Yearly Half Yearly Quaterly Monthly

Suggested Strategy

Total investment

₹1,00,000

Interest earned

₹37,009

If you invest ₹1,00,000 today by 21 Dec 2024 you will get

Maturity Value

₹1,37,009

Start Investing

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When you invest in a fixed deposit, your money earns interest according to the prevailing FD interest rate. The interest keeps compounding over time and helps you grow your savings.

Plan your savings better with our easy-to-use FD Calculator and see how your fixed deposit can grow over time. Invest Now

What is a FD Calculator?

An FD calculator is an online tool to calculate the returns on your fixed deposit. When you input parameters such as the principal amount, interest rate, and tenure, the FD calculator gives you the maturity amount and total interest earned over the course of your deposit.

How can a fixed deposit calculator help you?

An FD interest calculator helps you in the following ways –

1. Accurate calculations: An online FD calculator eliminates the risk of manual errors in the interest and maturity amount.

2. Ease in comparison: You can easily compare several FD rates and tenures and choose the one best suited for your financial needs.

3. Benefit of compounding: By factoring in the power of compounding, you can determine how your corpus will grow over time and impact your overall returns.

What are the Interest Rates on FD?

Interest rates on FDs are fixed when you open the deposit and the rate depends on the term that you wish to hold it for. Visit the HDFC Bank website to view the latest FD interest rates.

Benefits of Fixed Deposit Calculator

- An online fixed deposit calculator helps determine the exact amount you receive on the maturity of your FD and the interest earned.

- The FD calculator is a free online tool that you can access from anywhere at any time using a mobile or a laptop.

- It helps you compare different FD options by varying interest rates and tenures, allowing you to pick the most suitable one.

- The calculator eliminates the need for manual calculations and provides instant, accurate results.

How to Calculate FD Interest

A fixed deposit calculator helps determine the maturity amount of your investment based on the interest rate and investment amount. There are two types of FD accounts you can invest in- simple interest FD and compound interest FD.

The calculator uses the following formulas to calculate the maturity based on the type of FD you have invested in-

1. For simple interest FD-

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

Where,

M= Maturity amount

P= Principal amount

r= rate of interest

t= tenure of investment in years

2. For compound interest FD-

M = P + P {(1 + i/100) t – 1}

Where,

M= Maturity amount

P= Principal amount

i= interest rate per period

t= tenure of investment

Features of Fixed Deposit Calculator

A fixed deposit calculator is a free online tool for understanding how your investment will grow over time. Here are its key features:

- User-friendly: Enter the deposit amount, interest rate, tenure, and compounding frequency to get instant results.

- Accurate: The online FD calculator gives error-free calculations within seconds. You can easily plan your financial goals without the hassle of manual calculations.

- Time-saving: You no longer have to stand in long queues to determine your FD maturity amount. Calculate your FD maturity amount within seconds using the online FD calculator.

- Easy Comparison: An online FD calculator facilitates easy comparison of FD rates from various institutions to choose the best option.

- Accessibility: Using a phone or laptop, you can access the EMI calculator anytime, from any location.

How to use Tata Capital Moneyfy's FD calculator

Here is how to use Tata Capital Moneyfy's FD calculator –

Step 1 – Visit the Tata Capital Moneyfy FD calculator page

Step 2 – Enter the investment or principal amount you wish to deposit

Step 3 – Choose the fixed deposit tenure by typing manually or scrolling the slider input

Step 4 – Enter the rate of interest expected to be earned from the FD

Step 5 - Choose the tenure for compounding

By entering all the above information, you can determine your maturity amount and the interest amount earned.

FAQs on FD Calculator

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What is FD?

Fixed deposit is a financial investment instrument offered by banks & NBFCs wherein investors can deposit money and get a high rate of interest than a normal savings account.

How to calculate FD returns?

You can calculate FD returns by using an FD calculator online available on Tata Capital Moneyfy’s website. Simply enter the investment amount, interest rate offered by the financial institution, investment tenure, and compounding tenure and the online tool will calculate the maturity amount within seconds.

How to calculate fixed deposit maturity amount?

You can calculate the FD maturity amount using an online FD calculator from Tata Capital Moneyfy’s website.

What is an FD Calculator?

An FD Calculator is an online tool that helps calculate the maturity amount, interest earned, and total returns from a fixed deposit by entering the principal amount, interest rate, and tenure.

How is monthly FD calculated?

Monthly FD interest is calculated using the same compound interest formula, but interest is compounded monthly.

What is the formula for FD calculator?

The formula for an FD calculator is M = P + P {(1 + i/100) t – 1}, where M is the maturity amount, P is the principal, i is the annual interest rate, n is the compounding frequency, and t is the tenure in years.

Is the FD interest calculator free to use?

Yes, online FD calculators are free to use.

How does the FD interest calculator work?

The FD calculator works on the following formula:

M = P + P {(1 + i/100) t – 1}, where M is the maturity amount, P is the principal, i is the annual interest rate, n is the compounding frequency, and t is the tenure in years.

How does the FD Calculator help in future financial planning?

It helps to align your financial goals by estimating the maturity amount, allowing easy comparison of FD options and helping investors make an informed choice.

What is ROI in FD investments?

Your return on an FD will depend on the interest rate and the type of deposit you choose. You can opt for a monthly or quarterly pay-out of interest or the reinvestment option, which will benefit you from compounding.