FD Calculator

Putting money in a Fixed Deposit (FD) is a safe way to invest. Your principal (the money you put in) is secure, and you’ll get a set amount of extra money back (interest). If you want to keep your principal safe and know exactly how much you’ll earn, FDs are a good choice. They give you a steady and sure return.

Our FD Calculator helps you instantly estimate your investment’s maturity amount and interest earnings. You can plan your investments better and compare different FD options with just a few inputs.

📌 Why Use an FD Calculator?

✔ Accurate Maturity Estimates – Get instant results without manual calculations.
✔ Compare Different Tenures & Interest Rates – Choose the best FD plan based on returns.
✔ Understand the Impact of Compounding – See how reinvested interest boosts earnings.
✔ Plan Your Investments Efficiently – Helps in goal-based financial planning.
✔ Free & User-Friendly – No registration or login is required.

📊 How Does the FD Calculator Work?

Depending on the FD type, fixed deposits earn interest based on simple or compound interest.

➡ Formula for Simple Interest FD:

M=P + (P × R × T)

Where:
🔹 M = Maturity amount
🔹 P = Principal (initial deposit)
🔹 R = Annual interest rate
🔹 T = Tenure in years

➡ Formula for Compound Interest FD:

M = P × (1 + R ÷ (n × 100)) ^ (n × T)

Where:
🔹 M = Maturity Amount
🔹 P = Principal (Initial Deposit)
🔹 R = Annual Interest Rate (%)
🔹 n = Number of times interest is compounded per year
🔹 T = Time in years

For example, if interest is compounded quarterly (n = 4), use 4 in the formula. If compounded annually (n = 1), use 1 instead. 🚀

🔹 FDs with compounding earn more returns compared to simple interest FDs. Use our FD Calculator to see how your money grows!

📈 Example: How Your FD Grows Over Time

Let’s assume:

✅ You invest ₹5,00,000 in an FD.
✅ The bank offers an interest rate of 7% p.a.
✅ Your FD is for 5 years with quarterly compounding.

🔹 Total interest earned: ₹2,03,412
🔹 Maturity amount at the end of 5 years: ₹7,03,412

💡 The longer you keep your FD, the higher your returns due to compounding!

📍 Types of Fixed Deposits (FDs)

✔ Regular FD – Standard FD with a fixed tenure and guaranteed returns.
✔ Tax-Saving FD – 5-year lock-in period, eligible for tax benefits under Section 80C.
✔ Senior Citizen FD – Higher interest rates for individuals above 60 years.
✔ Cumulative FD – Interest is compounded and paid at maturity.
✔ Non-cumulative FD – Interest is paid monthly, quarterly, or annually.

🔢 How to Use the FD Calculator?

Using our FD Calculator is simple:

1️⃣ Enter the principal amount – The amount you want to invest.
2️⃣ Select the tenure – Choose from 7 days to 10 years.
3️⃣ Enter the annual interest rate, which is typically 5%-8%, depending on the bank.
4️⃣ Choose the compounding frequency – Monthly, quarterly, half-yearly or annually.

🔹  Once you enter the above inputs, you will get an estimated investment value at maturity.

💡 Tip: Compare FD rates from different banks to maximise your returns.

📌 FD Returns Based on Different Tenures (Assumed Compounded Quarterly)

💡 Higher interest rates and compounding frequencies result in greater returns!

💰 How to Open an FD Account?

✔ Step 1: Choose a bank or financial institution offering the best FD rates.
✔ Step 2: Decide the investment amount and tenure.
✔ Step 3: Complete KYC formalities and deposit the amount.
✔ Step 4: Receive your FD receipt/certificate as proof of investment.

🔹 Looking for better investment options than FDs? VSJ FinMart, an AMFI-registered Mutual Fund Distributor (MFD), can help you explore mutual funds, debt funds, and hybrid investment options with potentially higher returns!

📞 Get in touch with us today for personalised investment solutions!

📌 Why Choose VSJ FinMart for Investment Planning?

🔹 Expert Investment Advice – Tailored to your unique financial aspirations.
🔹 Unlock Higher Returns – Discover diverse investment opportunities beyond traditional options.
🔹 Monitor and Manage Your Portfolio – Track and manage investments effectively.
🔹 Hassle-Free Investment Process – Quick, paperless, and transparent transactions.

📞 Contact VSJ FinMart Now!

📌 Follow us on social media for the latest investment insights! 🚀

🚀 FAQs About FD Calculator

🔹 Q: What is the minimum and maximum tenure for FDs?
✔ Tenures typically range from 7 days to 10 years, depending on the bank.

🔹 Q: Is FD interest taxable?
✔ Yes, interest earned on FDs is taxable per your income tax slab. TDS is deducted if interest exceeds ₹40,000 (₹50,000 for senior citizens).

🔹 Q: Can I withdraw my FD before maturity?
✔ Yes, but premature withdrawals attract penalties and lower interest rates.

🔹 Q: Is FD better than a savings account?
✔ Yes, FDs offer higher interest rates and disciplined savings than regular savings accounts.

🔹 Q: Which banks offer the highest FD interest rates?
✔ Interest rates vary, but private banks and NBFCs often offer higher rates than government banks.

📌 Final Thoughts

Fixed Deposits (FDs) are one of the safest investment options for wealth accumulation with guaranteed returns. However, if you seek higher growth with liquidity, mutual funds and SIPs could be better alternatives.

🔹 Want to maximise your investments? VSJ FinMart is here to help you build an innovative and secure financial portfolio.

Explore more financial tools: Check out our other investment calculators!

📢 Disclaimer

Mutual fund investments are subject to market risks, so read all scheme-related documents carefully before investing. Past performance is not indicative of future results. The information provided in this blog is for educational and informational purposes only and should not be considered investment advice. Investors should consult their financial advisors before making any investment decisions. VSJ FinMart is an AMFI-registered mutual fund distributor (MFD) that does not provide portfolio management or stock advisory services.