FD Calculator - Calculate Fixed Deposit Maturity Online Free FD Calculator

What is a Fixed Deposit (FD)?

A Fixed Deposit (FD) is a financial instrument provided by banks and NBFCs where you deposit a lump sum amount for a fixed tenure at a predetermined interest rate. FDs offer guaranteed returns and are one of the safest investment options available. The interest can be compounded quarterly (most common), monthly, half-yearly, or yearly depending on the bank. To understand how compounding works, try our Compound Interest Calculator.

Benefits of Fixed Deposits

• Guaranteed Returns: Unlike market-linked investments, FDs offer a fixed interest rate and assured maturity amount.
• Capital Safety: Deposits up to 5 lakh per bank are insured by DICGC, making FDs extremely safe.
• Flexible Tenure: Choose tenures from 7 days to 10 years based on your financial goals.
• Senior Citizen Benefits: Most banks offer 0.25% to 0.50% higher interest rates for senior citizens.
• Tax-Saving Option: 5-year tax-saver FDs qualify for deduction under Section 80C (up to 1.5 lakh). Check your savings with our Tax Calculator.
• Loan Against FD: You can avail a loan of up to 90% of the FD amount at lower interest rates.

Calculation Formula

How Our FD Calculator Works

1. Deposit Amount: Enter the lump sum you wish to deposit in the fixed deposit.
2. Interest Rate: Enter the annual interest rate offered by your bank or NBFC.
3. Tenure: Enter the duration of the FD in years (1�30 years).
4. Compounding Frequency: Choose how often interest is compounded � most banks use quarterly compounding.
5. Year-wise Breakdown: See opening balance, interest earned, cumulative interest, and closing balance for each year.