Fixed Deposit Calculator

FD-CalculatorFixed Deposit (FD) Calculator for calculating maturity amount of Fixed Deposit invested in bank at one time basis for a specified period. Fixed Deposits (FD) are popular savings schemes offered by banks. Banks usually offer relatively higher returns on FDs than on savings / current accounts. FD is a deposit of a fixed sum of money for a fixed period of time – which can vary anything from a few days to a few years – at a fixed interest rate known at the beginning of investment. This requires some data like – Your Principal Deposit Amount, Rate of Interest, Period (in No. of Months), interest Compounding Frequency. After calculation you will get the Maturity Amount after maturity period and Effective yield in %.

Principal :
Rate of Interest :
Period (in No. of Months) : (fractions not allowed)
Frequency of Compounding :
Maturity Amount of Fixed Deposit (Rs.) :
Effective yield : %  

Note: The more frequent the interest is compounded, the higher the return or the future worth of your savings will be; For instance, the future value of savings with interest compounded at Monthly frequency (i.e., 12 times a year) will be higher than the same with interest compounded at quarterly (4 times a year) interval, which in turn is better than semi annual (twice a year) compounding.


A fixed deposit (FD) is an account that allows you to deposit your money for a fixed period of time, earning you interest at a fixed rate. It gives you a higher rate of interest than a savings bank account.

FDs are fixed-income debt securities issued by banks. Putting money into an FD is like giving a loan to the bank, in return for which the bank pays you interest. This interest may be payable at regular intervals during the term of the deposit or on withdrawal. The date of maturity of the FD is established when the contract is concluded.

The most popular form of Term deposits are Fixed Deposits, while other forms of term Deposits are Recurring Deposit and Flexi Fixed Deposits (the latter is actually a combination of Demand deposit and Fixed deposit). The longest permissible term for FDs is 10 years. Generally, the longer the term of deposit, higher is the rate of interest but a bank may offer lower rate of interest for a longer period if it expects interest rates, at which RBI lends to banks (“repo rates”), will dip in the future

Benefits of FD:

  • Customers can avail loans against FDs up to 80 to 90 per cent of the value of deposits. The rate of interest on the loan could be 1 to 2 per cent over the rate offered on the deposit.
  • Flexibility in period of term deposit
  • Non resident Indian’s and Person of Indian Origin can also open these accounts.
  • Can avail Premature Withdrawal.
  • Can be used as saving under 80C for tax benefit (under some schemes).


Who is eligible to apply for a fixed deposit account?

Any individual or institution is eligible to apply for the account.

 How do I apply for an FD account?

You can get a bank FD at any bank. You have to open an FD account with the bank to make the deposit by just some bank formalities and fulfill the KYC norms.

2 Responses to Fixed Deposit Calculator

  1. Avaneesh says:

    Good looking calculator! can i use it for nsc maturity value through this calc.

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