FD Calculator

What is a Fixed Deposit (FD) Calculator?

A Fixed Deposit (FD) calculator is a simple online tool that helps you compute the maturity amount and the interest you will earn on your fixed deposit investment. By providing details like the principal amount, interest rate, and tenure, you can get an accurate estimate of your returns. This helps in making informed financial decisions and planning your investments effectively.

How to Use Our FD Calculator

Enter the total amount you want to invest in the 'Investment Amount' field.
Input the annual interest rate offered by your bank in the 'Expected Rate of Return (%)' field.
Specify the investment duration in the 'Investment Period (Years)' field.
Click the 'Calculate' button to see your maturity amount, total interest earned, and other details.

Frequently Asked Questions (FAQs)

What is a Fixed Deposit (FD)?

A Fixed Deposit is a financial instrument provided by banks and NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It is considered one of the safest investment options.

How is FD interest calculated?

FD interest can be calculated as simple interest or compounded interest. Our calculator uses the compound interest formula A = P(1 + r/n)^(nt), where A is the maturity amount, P is the principal, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the tenure in years.

Can I withdraw my FD before maturity?

Yes, you can withdraw your FD before the maturity date, but it usually incurs a penalty. The penalty varies from bank to bank and is typically a reduction in the applicable interest rate.

Is the interest earned from FDs taxable?

Yes, the interest earned on a Fixed Deposit is fully taxable as per your income tax slab. Banks also deduct TDS (Tax Deducted at Source) if the interest income exceeds a certain threshold in a financial year.

FD Inputs

Maturity Details