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Key Features

1. User Inputs:
   • FD Amount.
   • Period (in days).
   • Interest Rate (default: 7.0% for Federal Bank; can be updated dynamically).
   • Compounding Frequency (Yearly, Half-Yearly, Quarterly, Monthly).

Dynamic Calculations: Maturity amount and total interest earned are calculated using the compound interest formula.

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Instructions for Use

1. Enter FD Amount: Input the fixed deposit amount.
2. Select Period: Choose the desired duration for the FD (e.g., 1 year).
3. Enter Interest Rate: Use Federal Bank’s prevailing rate (e.g., 7.0%).
4. Choose Frequency: Select the compounding frequency (e.g., quarterly).
5. Click “Calculate Maturity Amount” to view the results.