The FD Calculator provides an easy way to estimate the final maturity value of your fixed deposit. Fixed Deposits offer guaranteed returns, making them a popular choice for risk-averse investors. This calculator considers the interest rate, compounding frequency, and the tenure to provide you with an accurate maturity amount, helping you plan your savings more effectively.
How to use this Fixed Deposit (FD) Calculator?
You enter the principal deposit amount, the applicable interest rate, the compounding frequency (monthly, quarterly, annually), and the duration of the deposit. The calculator uses the compound interest formula to estimate the maturity value. It shows not only the interest earned over the period but also the total sum at the end of the tenure.
Give me an example ofFixed Deposit (FD) Calculator?
If you invest ₹1,00,000 in an FD for 3 years at an interest rate of 6.5% per annum, compounded quarterly, the calculator will show that your investment will grow to approximately ₹1,20,984 by the end of 3 years. The interest earned during this period would be around ₹20,984.
What are the advantages of using Fixed Deposit (FD) Calculator?
Guaranteed Returns : Provides an accurate estimate of your FD's maturity amount, based on fixed interest rates and compounding frequency.
Low Risk : Perfect for risk-averse investors, as fixed deposits offer guaranteed returns without any market risk.
Compounding Power : Shows how the compounding of interest over time helps you grow your wealth efficiently.
Precise Financial Planning : Enables you to plan your finances with confidence, knowing exactly what your returns will be after maturity.