FD Calculator – Calculate Fixed Deposit Interest Online
Fixed Deposit (FD) is one of the safest and most preferred investment options in India. It offers guaranteed returns at a fixed rate of interest over a chosen period of time. Banks and NBFCs provide FDs to help investors grow their savings securely, without worrying about market volatility. Our online FD Calculator helps you estimate the maturity amount and interest earned on your deposit easily.
Key Features of Fixed Deposits
- Guaranteed Returns: Enjoy assured returns with zero market risk.
- Flexible Tenure: Choose investment periods ranging from 7 days to 10 years.
- Cumulative & Non-Cumulative Options: Earn interest either periodically or at maturity.
- Loan Facility: Get a loan against your FD without breaking it.
- Tax Saving Benefits: 5-year tax-saving FDs qualify under Section 80C (up to ₹1.5 lakh).
Benefits of Using an FD Calculator
- ✔ Quickly estimate your maturity value and interest earned
- ✔ Compare FD returns with PPF or mutual funds
- ✔ Helps in planning reinvestment and tax-saving strategies
- ✔ 100% free, accurate and easy-to-use tool
Online FD Calculator
Use this free Fixed Deposit Calculator to find your maturity amount based on your investment, rate of interest, and tenure. Perfect for planning short or long-term goals.
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How FD Interest is Calculated
The FD maturity value is calculated using the compound interest formula:
Maturity Value = P × (1 + r/n)^(n × t)
- P = Principal Amount (₹)
- r = Annual Interest Rate (%) ÷ 100
- n = Number of compounding periods per year (Quarterly = 4)
- t = Time (Years)
This helps investors understand how their FD grows over time, based on tenure and compounding frequency.
FD vs PPF – Which is Better?
FD offers flexibility and liquidity for short- to medium-term goals, while PPF is ideal for long-term, tax-free growth. If your goal is stability with easy withdrawal options, FD is best. However, if you seek tax-free, long-term compounding, PPF is the better choice.