What Is an FD Calculator?
An FD calculator helps estimate the maturity amount and interest earned on a fixed deposit using the deposit amount, interest rate and investment tenure.
How to Use the FD Calculator
Enter your deposit amount, annual interest rate and tenure. Select the compounding frequency and click Calculate FD.
What Does This FD Calculator Show?
- Deposit amount
- Estimated interest earned
- Estimated maturity amount
- Interest rate
- Deposit tenure
FD Calculation Formula
For a compounded fixed deposit, the estimated maturity amount can be calculated using:
A = P × (1 + r/n)ⁿᵗ
P represents the principal amount, r represents the annual interest rate, n represents the number of compounding periods per year and t represents the tenure in years.
FD Calculator Example
For example, enter a deposit of ₹1,00,000, an annual interest rate of 7% and a tenure of 5 years. The calculator will estimate the maturity amount and total interest.
Is FD Interest Guaranteed?
The actual interest rate and maturity amount depend on the terms offered by the bank or financial institution. This calculator provides an estimate based on the values entered.
Frequently Asked Questions
Is this FD calculator free?
Yes. Toolveta's FD calculator is free to use and does not require registration.
Can I use this FD calculator on mobile?
Yes. The calculator works on mobile phones, tablets and desktop computers.
What information do I need?
You only need the deposit amount, interest rate and tenure.
Can I change the compounding frequency?
Yes. You can choose annual, half-yearly, quarterly or monthly compounding.