Fixed Deposit Amount

Compounding Interval

FD Period

1 Year

Interest

1%

INITIAL INVESTMENT

₹0

WEALTH GAINED

₹0

MATURITY VALUE

₹0

How are FD returns calculated?

You can calculate FD returns in two different ways.

Simple Interest formula:

M = P + (P x r x t/100),

where –

P is the principal amount that you deposit

r is the rate of interest per annum

t is the tenure in years

Most Fixed Deposits use compounding interest (read about compound interest here)

Compound Interest formula:

M= P + P (1 + i / 100) t - 1,

where –

P is the principal amount

i is the rate of interest per period

t is the tenure

What are FD interest rates?

A fixed deposit will provide a set return, specified in annual interest rates, on your deposit. FD interest rates are often higher than bank account savings rates as your money is deposited for a specified period of time, and can’t be withdrawn like a bank account. Use our FD interest calculator to understand how FD interest rates change your wealth over time.

Use our FD calculator Online

Use the above fixed deposit calculator to understand how your wealth can grow with Fixed Deposits.

What is a Fixed Deposit?

A fixed deposit (FD) is a term investment offered by banks and other institutions. These deposits normally offer a higher interest than a savings account, subject to specific terms and conditions. The sum you deposit in a FD is locked in for a predetermined period, which can range anywhere between 7 days and 10 years.

The rate of return for FDs is fixed at the time of opening the deposit and is independent of any market fluctuations, thus making it a safer investment that is less volatile than mutual funds.

Sign up for a high interest FD in 5 minutes here.

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