Best FD Calculator

Calculate the interest you can receive by depositing in a Fixed Deposit.

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How to Calculate FD Interest Amount?

There are two formulas to calculate the FD amount. Our FD calculator computes both formulas.

The Formula for simple interest FD

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

Here,

P = Principal amount deposited into the bank

r = Rate of interest applied per annum

t = tenure in years

The Formula for Compound Interest FD

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

Here,

P = Principal amount invested in FD

i = interest rate per period

t = tenure of FD

3 Easy Steps to Leverage Our Calculator

How to you calculate FD interest?

  • Enter FD Amount
    Enter the principal amount you need to deposit.
  • Choose Interest Rate
    Choose the rate of interest applied for FDs by the financial institution.
  • Select Tenure
    Enter the number of years you want to lock the funds for.

Once all the details are entered, our FD calculator will compute the amount received on maturity.

What is an FD?

FD or Fixed Deposit refers to locking money for a predetermined period at a fixed interest rate. These funds are deposited into a bank or a financial institution. At the end of the maturity period, the principal amount and interest are paid to the depositor.

What are the Benefits of FD?

  1. Fixed Deposit is used as a collateral for loans
  2. After the maturity of an FD, the depositor can choose to withdraw the
    amount or Deposit it into a new FD.
  3. FD schemes are an excellent opportunity to earn monetary profits.

Leverage the Benefits of Our FD Interest Calculator!

How can our FD Interest Calculator help you?

  1. Get accurate calculations with just a single click.
  2. Easily compare the maturity amount and interest rate on FDs offered by various financial institutions.
  3. Save time and effort on complex computations.
  4. Access the FD calculator online from anywhere and at any time.

Why Munim’s FD Calculator?

  • Accuracy
  • Intuitive Interface
  • Speed
  • Customer Support

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Frequently Asked Questions (FAQ)

What are the tax benefits of FD?

  • Tax-saving fixed deposits are eligible for deductions under the Income Tax Act. 
  • The interest on FDs may be tax-deferred until the deposit matures. 

Is the FD calculator free to use?

How much time do the computations take?