What is a Fixed Deposit (FD) Calculator?

A Fixed Deposit Calculator is a tool designed to find out the maturity amount and interest earned when you invest a lump sum string of money in a bank at a fixed interest rate.

In India, Banks and NBFCs usually compound FD interest quarterly. This affects your actual annual yield. This calculator uses the standard Compound Interest formula: A = P(1 + r/n)^(nt).

Understanding the power of compounding allows investors to accurately plan for future liquidity requirements and manage inflation.

1How to Use

1. Enter the total lump sum amount you wish to deposit.
2. Set the anticipated Rate of Interest offered by your bank.
3. Set the locking period (in Years).
4. Select the Compounding Frequency (Quarterly is default for most Indian banks).
5. Review the maturity amount and proportional pie chart.