FD Calculator

Principal Amount
Rate of Interest
Months
	RD Calculator
	Final Amount:
	Total Interest:

A Fixed Deposit is an investment option accepted by banks. An FD can be opened directly by visiting the bank or online through net banking or mobile banking facilities. Through fixed deposits, we can invest a fixed amount for a particular period (ranging from a few days to years) and the banks offer varying interest rates based on the investment period. Once the investments mature, invested amount along with the total interest gets credited back to the account.

Fixed deposits are considered a safer form of investment and offers fairly decent returns. Amount invested in fixed deposits gets locked for the investment period, and penalties may be applied if we break the FD before maturity. Interest earned from FD are taxable. Tax saving FDs are also available, for which investments have to be made for a minimum of 5 years.

Below is an FD calculator to find the Maturity Amount and Total Interest. Enter the Principal Amount, Expected interest Rate and Number of Months of investment. Then click the Calculate button.

Calculation Formula

Final Amount = P * ( (1 + (r/100)/f) ^ (f * m/12) )

To find interest for days instead of months, use number of days/365 instead of m/12 in formula.

f is the frequency at which interest gets added to principal amount. For most banks it is quarterly. That means 4 times a year. So f is 4. For our calculation, we will use this value.

Example

Final Amount = 100000 * ( (1 + (10/100)/4) ^ (4 * (36/12)) ) = 100000 * 1.025^12 = 100000 * 1.34489 = 134489