Plan your savings with our FD Calculator. Input your deposit amount, interest rate, and tenure to get detailed insights into your maturity value, total interest, and growth table – created by Mr. Dhananjoy Ghosh.
What is a Fixed Deposit?
A Fixed Deposit (FD) is a financial instrument where you invest a lump sum for a fixed period at a predetermined interest rate.
How is FD maturity calculated?
FD maturity is calculated using the compound interest formula: A = P × (1 + r/n)^(n×t), where P is the principal, r is the annual rate, n is the number of times interest is compounded per year, and t is the tenure in years.
What’s the growth table?
It’s a table showing the principal, interest earned, and maturity value year by year.
Can I use this for different compounding periods?
This calculator assumes annual compounding. For other periods (e.g., quarterly), results may vary slightly.
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