Fixed Deposit Calculator

About Fixed Deposits

A Fixed Deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date.

Key Features:

• Higher interest rates compared to savings accounts
• Fixed returns unaffected by market fluctuations
• Flexible tenure options from 7 days to 10 years
• Premature withdrawal available with penalty
• Tax benefits under section 80C for 5-year tax-saving FDs

How This Calculator Works

This calculator helps you estimate the maturity amount of your fixed deposit based on the principal amount, interest rate, tenure, and compounding frequency. For cumulative FDs, interest is compounded and reinvested. For non-cumulative FDs, interest is paid out periodically.