FD Calculator – Calculate Fixed Deposit Maturity Value

What is a Fixed Deposit?

A Fixed Deposit (FD) is a term deposit scheme where you invest a lump sum amount for a fixed period at a predetermined interest rate.

Key features:

• Guaranteed returns
• Flexible tenure (7 days to 10 years)
• Higher interest rates than savings accounts
• Loan against FD available
• Premature withdrawal allowed (with penalty)

How to Use the FD Calculator

Using the calculator is simple:

1. Enter the principal amount
2. Enter the interest rate (annual)
3. Enter the tenure (months/years)
4. Select compounding frequency
5. Click Calculate
6. View maturity amount and interest earned

How FD Returns are Calculated

FD uses compound interest formula:

Formula:

A = P × (1 + r/n)^(n×t)
Where:

• A = Maturity Value
• P = Principal Amount
• r = Annual Interest Rate
• n = Compounding frequency per year
• t = Time in years

FD Interest Rates

FD interest rates vary by institution:

• Bank FD: 5.5% - 7.5% p.a.
• Post Office FD: 6.9% - 7.5% p.a.
• Senior Citizen FD: 0.5% additional

Rates are subject to change and may vary based on tenure.

Types of Fixed Deposits

• Regular FD: Lump sum investment
• Recurring Deposit: Monthly installments
• Tax Saving FD: 5-year lock-in, tax benefits under 80C
• Senior Citizen FD: Higher interest rates
• Cumulative FD: Interest compounded
• Non-Cumulative FD: Interest paid periodically

Benefits of FD Investment

✔ Guaranteed returns with no market risk
✔ Safe and secure investment
✔ Flexible tenure options
✔ Loan against FD available (up to 90%)
✔ Senior citizens get additional interest
✔ Tax saving options available

Who Should Use This Calculator?

This tool is useful for:

• Risk-averse investors
• Retirees seeking stable income
• Parents saving for children's education
• Those looking for emergency funds
• Anyone seeking guaranteed returns