Fixed Deposit (FD) Calculator
Calculate the maturity amount and interest earned on your fixed deposit.
Tip: A higher compounding frequency (like monthly vs annually) results in a slightly higher maturity amount due to the power of compounding.
Understanding Fixed Deposits (FD)
A Fixed Deposit is a financial instrument provided by banks or NBFCs which offers investors a higher rate of interest than a regular savings account, until the given maturity date.
How is FD Interest Calculated?
The maturity amount is calculated using the compound interest formula:
A = P(1 + r/n)^(nt)
- A: Maturity Amount
- P: Principal Amount (Deposit)
- r: Annual Interest Rate (decimal)
- n: Number of times interest compounds per year
- t: Tenure in years