# FD Calculator

Fixed Deposit Calculator can assist you in meeting your investment objectives by calculating the maturity amount and selecting the appropriate term and compounding period for fixed deposits (FDs). Investors overlook this critical first stage in investment and get a lower return on investment (ROI) since manual computation is complicated and sometimes erroneous. The solution is an FD calculator. Banks or non-banking financial institutions (NBFCs) take the funds, keep them for a set duration, and pay an agreed-upon interest rate. The interest rate can be set or variable, and you can even choose the compounding frequency. The principal and tenure (minimum 7 days) are both adjustable. Use an online FD calculator to help you make the correct decisions. At maturity, you will get both the deposited sum and the interest earned on it. Use an FD interest calculator to estimate your earnings based on deposit amount, interest rate, and tenure. The FD interest calculator simplifies financial planning by providing accurate maturity amount predictions.

- Total Interest
- Investment Amount

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### Bank FD Calculators

Bank FD Names | For General Citizens (p.a) | For Senior Citizens (p.a) |
---|---|---|

State Bank of India FD Calculator | 6.10% | 6.90% |

HDFC Bank FD Calculator | 6.25% | 7.00% |

ICICI Bank FD Calculator | 6.25% | 6.95% |

IDBI Bank FD Calculator | 6.10% | 6.85% |

Kotak Mahindra Bank FD Calculator | 6.20% | 6.70% |

RBL Bank FD Calculator | 5.75% | 6.25% |

KVB Bank FD Calculator | 6.10% | 6.60% |

Punjab National Bank FD Calculator | 6.60% | 6.60% |

Canara Bank FD Calculator | 6.50% | 7.00% |

Axis Bank FD Calculator | 6.50% | 7.25% |

Bank of Baroda FD Calculator | 5.65% | 6.65% |

IDFC First Bank FD Calculator | 6.00% | 6.50% |

Yes Bank FD Calculator | 6.75% | 7.50% |

IndusInd Bank FD Calculator | 6.25% | 7.00% |

UCO Bank FD Calculator | 5.30% | 5.80% |

Central Bank of India FD Calculator | 6.25% | 6.75% |

Indian Bank FD Calculator | 6.30% | 7.05% |

Indian Overseas Bank FD Calculator | 6.40% | 6.90% |

Bandhan Bank FD Calculator | 5.60% | 6.35% |

*The interest rates are subject to change as per the discretion of the bank

It is usually preferable to know how much you would make as ROI on an FD before depositing funds since it will inform you of maturity amount, acceptable term, and interest payment time. To determine return on your investment, you must compute compound interest amount, which requires many complicated calculations that are difficult to perform manually but relatively simple if you use FD calculator—online. online calculator is easy to use and can be found on official 5paise website. Enter deposit or principle amount, duration or term, and bank's interest rate.

The online calculator computes your returns and creates a report. Determine appropriate sum to get required return based on computation. Use calculator to compare FD returns of several banks and NBFCs to see which is most favourable. A calculator is therefore a useful tool available online. Without it, you'll have to manually compute various factors by entering precise earring figures. A mutual fund fixed deposit calculator is a useful tool for comparing returns between mutual funds and fixed deposits.

Calculating maturity amount of an FD can be a difficult and time-consuming task. An online FD calculator allows you to calculate it without breaking a sweat. FD maturity estimates are difficult, incorporating several variables. A FD Calculator handles all of work for you, providing precise results at push of a button. You can use an FD interest rates calculator to estimate your earnings based on deposit amount, interest rate, and tenure. Fixed Deposit Interest Calculator simplifies financial planning by providing accurate maturity amount predictions.

It saves you a lot of time performing these hard computations. A FD Calculator allows you to compare maturity and interest rates of FDs offered by various financial organizations. When you have all of facts in front of you, you can make an informed decision. You can use financial tools like FD return calculator, maturity calculator, interest calculator, investment calculator, savings calculator, term deposit calculator, compound interest calculator, bank deposit calculator, time deposit calculator, ROI calculator, and growth calculator to make informed decisions about your deposits and investments. By using a mutual fund fixed deposit calculator, investors can estimate potential earnings based on different interest rates and tenure periods.

You can use FD calculator on 5paisa website as often as possible to make multiple computations to decide on most profitable interest rate on FD. It is simple to use and provides you with most beneficial interest rates accurately and quickly:

Use FD calculator for most profitable interest rates; follow these steps:

1. Enter amount you wish to deposit in provided space next to investment amount option.

2. next option is rate of interest, enter interest rates in provided space.

3. 'time period' option follows it. Fill in tenure for which you wish to hold FD.

4. final field is compounding frequency; You can choose from quarterly, yearly or half-yearly. Enter your choice.

5. In a split second, system will generate a report with following details:

Investment Amount

Total Interest

Total Value

This helps in making informed decisions, ensuring mutual fund fixed deposit calculator guides you toward best investment choice.

It is possible to manually calculate FD Maturity amount under investment amount approach, but that can be cumbersome and, considering difficulty level, inaccurate. An FD value calculator helps you estimate maturity amount of your fixed deposit, making it easier to plan your investments.

That is why most investors use online Fixed deposit calculator, which give accurate figures by inputting a few details. Here are some more reasons to use FD calculator:

Calculating multiple variables to arrive at maturity amount takes much time and can be confusing.

The entire process may tire investors out, and they may not want to compare FD returns from other banks or NBFCs and end up earning much less.

The fixed Deposit calculator displays maturity figures in seconds and thus smoothens investor's investment journey.

As a depositor, you can choose to receive simple or compound interest and use 5paisa FD interest calculator for computation.

Simple Interest Calculation—Formula

The calculator uses following formula to compute simple interest rate for FD:

FD Interest Calculator — Simple Interest

M = P + (P X R X T/100)

In formula,

P is principal amount or amount to be deposited

R is interest rate

T is months or years you want to hold deposit

For example:

Suppose you invest INR 100,000 for 1 year at an interest rate of 6% on an annual compounding frequency. calculation will be as follows:

1.06,000 = 1,00,000+ (1,00000 X 6X 1) /100

Compound Interest Calculation

The formula for calculation of Compound interest is as follows:

M = P + P ((1+ I/100) T - 1)

In formula,

P stands for principal

I stand for interest

T stands for term

For exact figures in above example, value of M or compound interest is equal to:

1,34,686 = 1,00,000 + 1,00,000 (( 1+6/100) 5 -1)

It is possible to manually calculate FD Maturity amount under investment amount approach, but that can be cumbersome and, considering difficulty level, inaccurate. An FD value calculator helps you estimate maturity amount of your fixed deposit, making it easier to plan your investments.

That is why most investors use online Fixed deposit calculator, which give accurate figures by inputting a few details. Here are some more reasons to use FD calculator:

Calculating multiple variables to arrive at maturity amount takes much time and can be confusing.

The entire process may tire investors out, and they may not want to compare FD returns from other banks or NBFCs and end up earning much less.

The fixed Deposit calculator displays maturity figures in seconds and thus smoothens investor's investment journey.

As a depositor, you can choose to receive simple or compound interest and use 5paisa FD interest calculator for computation.

Simple Interest Calculation—Formula

The calculator uses following formula to compute simple interest rate for FD:

FD Interest Calculator — Simple Interest

M = P + (P X R X T/100)

In formula,

P is principal amount or amount to be deposited

R is interest rate

T is months or years you want to hold deposit

For example:

Suppose you invest INR 100,000 for 1 year at an interest rate of 6% on an annual compounding frequency. calculation will be as follows:

1.06,000 = 1,00,000+ (1,00000 X 6X 1) /100

Compound Interest Calculation

The formula for calculation of Compound interest is as follows:

M = P + P ((1+ I/100) T - 1)

In formula,

P stands for principal

I stand for interest

T stands for term

For exact figures in above example, value of M or compound interest is equal to:

1,34,686 = 1,00,000 + 1,00,000 (( 1+6/100) 5 -1)

FD Monthly Interest Calculator is user-friendly tool that makes it simple to determine precise amount owed at maturity. You can determine correct amount of FD by entering few simple details. following procedures must be followed by investor in order to determine rates on NRI Fixed Deposits:

- Monthly investment amount.

- Given rate of interest.

- Fixed Deposit Account's duration.

- Compounding period, which might be monthly, quarterly, half-yearly, or annual.

- Amount of FD.

An investor will learn following information after entering it:

- FD's maturity value.

- Overall wealth increases during course of term.

In financial market, fixed deposits come in two varieties:

1. Fixed-interest Simple Deposits

2. Fixed-Income Compound Deposits

Let's examine formula for each type of FD.

Formula for Simple Interest Fixed Deposit:

P + (P X r X t / 100) = M

M = maturity value in this case

P is initial deposit amount.

t = Duration (in years) & r = interest rate that bank or NBFC is offering.

Example: For five-year term, Mr. Rajeev deposits ₹ 1,00,000 in his Fixed Deposit account. Assuming 10% rate of interest was offered during tenure, final maturity value will be: -Maturity value = 1,00,000 (1,00,000 X 10 X 5 / 100).

Value of maturity = 1,50,000 rupees

Formula for Compound Interest Fixed Deposit: M = P + P {(1 + i / 100) t – 1}

In this case, M stands for maturity value, P for principal deposited, i for interest rate, & t for tenure.

As example:

compound interest FD value, when considering example above, is as follows: -Maturity value = 1,00,000 + 1,00,000 {(1 + 10 / 100) 5 – 1}

-Value of maturity: ₹ 1,61,051

#### Frequently Asked Questions

For premature withdrawals of fixed deposits (FDs) of more than ₹5 lakh, a penalty of 1% will be applicable. The interest rate will be 0.50% or 1% less than the rate effective at the time of deposit for the duration the deposit was maintained with the bank, or 0.50% or 1% less than the contracted rate, whichever is less1.

In case of FD premature withdrawal penalty, the amount is calculated based on compound interest. The formula for the same is:

[ A = P \left(1 + \frac{r}{n}\right)^{nt} ]

Where:

(A) represents the final maturity amount after penalty.

(P) is the principal amount.

(r) is the interest rate (reduced).

(n) is the compound interest frequency.

(t) is the tenure.

It takes only a few seconds.

Once you know how much your Fixed Deposit will be worth at the end of the term, you may decide whether to reinvest or withdraw the funds.

Yes, there are separate FD deposit calculators available for different banks. These calculators help you estimate the maturity amount based on your deposit amount, interest rate, and tenure. They are specific to each bank and provide accurate results for your financial planning.

**Disclaimer:** The calculator available on the 5paisa website is intended for informational purposes only and is designed to assist you in estimating potential investments. However, it is important to understand that this calculator should not be the sole basis for creating or implementing any investment strategy. View More..