General Fixed Deposit Calculator
Calculate returns manually or choose a specific bank below.
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Manual FD Calculator
About Fixed Deposits (FD)
A fixed deposit (FD) is a secure investment offered by banks and NBFCs. These deposits typically offer a higher interest rate than savings accounts, subject to certain terms. The amount you deposit is locked for a predetermined period, which can vary from 7 days to 10 years.
The IndiaCalc FD Calculator is a simple-to-use tool designed to determine the interest earned and the total maturity amount effortlessly.
How can the IndiaCalc FD calculator help you?
- Saves Time: Calculating FD maturity manually is complex and time-consuming. This online calculator gives you accurate figures in seconds.
- Accurate Planning: It handles complex variables like compounding frequency and tenure splits (Years, Months, Days).
- Comparison: Compare maturity amounts across different interest rates to make informed financial decisions.
The Formula to Determine FD Maturity Amount
IndiaCalc supports both major types of Fixed Deposit calculations:
1. Cumulative FD (Compound Interest)
Used when you choose the "On Maturity" payout option. The interest is reinvested.
2. Non-Cumulative FD (Simple Interest)
Used for Monthly or Quarterly payouts. The interest is paid out to your account.
Where:
- P = Principal Amount
- r = Rate of Interest per annum
- t = Tenure in years
- n = Compounding frequency (usually 4 for quarterly)
How to use IndiaCalc’s FD Calculator?
- Enter the Principal Amount you wish to deposit.
- Enter the Interest Rate offered by your bank.
- Enter the Tenure in Years, Months, or Days.
- Select the Deposit Payout type (Maturity, Monthly, or Quarterly).
- Click 'Calculate Returns' to see your earnings instantly.
Advantages of using this Calculator
- Know the exact amount you will receive at maturity.
- Plan your future finances with precision.
- Free to use: No registration required. Unlimited calculations.
- Supports complex inputs like "1 Year and 5 Months".