Fixed deposit interest is the return on your bank deposit. First, you invest a lump sum. Then, it earns interest at a fixed rate. Therefore, your money grows safely. Moreover, returns are predictable. Hence, FDs are popular savings tools.
Banks offer various FD schemes. Consequently, interest rates differ. However, our calculator helps compare them. Ultimately, you maximize your earnings. Furthermore, FDs provide financial security. Thus, they remain a top choice.
Unlike other calculators, ours offers:
Precise calculations for perfect planning
Instant results without waiting
Easy-to-use interface for everyone
First, enter your principal amount. Next, input the annual interest rate. Then, select the tenure. Also, choose compounding frequency. Finally, click calculate. Our calculator will show maturity value. Additionally, you'll see interest earned. Moreover, we display total returns.
The formula used in our FD interest calculator is:
Where:
A = Maturity amount
P = Principal amount
r = Annual interest rate (decimal)
n = Compounding frequency per year
t = Tenure in years
Our FD interest calculator uses compound interest formula. First, it takes your inputs. Then, it applies the formula. Next, it computes maturity amount. Also, it calculates interest earned. Therefore, you get accurate results. Moreover, it considers compounding frequency. Hence, returns are precise. Finally, it displays comprehensive breakdown.
| Bank/NBFC | 1 Year (%) | 3 Years (%) | 5 Years (%) | Senior Citizen (%) |
|---|---|---|---|---|
| State Bank of India | 6.80 | 7.00 | 6.50 | 7.30 |
| HDFC Bank | 7.00 | 7.25 | 7.00 | 7.50 |
| ICICI Bank | 6.90 | 7.10 | 6.90 | 7.40 |
| Axis Bank | 7.10 | 7.35 | 7.15 | 7.60 |
| Post Office | 6.90 | 7.00 | 7.50 | 7.50 |
An FD interest calculator is an online tool. It calculates fixed deposit returns. First, you input principal, rate, and tenure. Then, it shows maturity amount. Also, it displays interest earned. Therefore, it helps financial planning.
Our calculator is highly accurate. It uses standard compound interest formula. Moreover, it considers compounding frequency. However, actual returns may vary slightly. Banks may use different calculation methods.
Yes, absolutely. Our calculator supports any tenure. Simply enter the desired number of years. Additionally, you can try various durations. Consequently, you can compare different options.
No, our calculator shows pre-tax returns. TDS deduction depends on your income. Therefore, consult a tax advisor. However, we show gross interest earned.
Monthly compounding gives highest returns. More frequent compounding means better growth. However, check bank policies. Some offer quarterly compounding only. Our calculator supports all frequencies.