Fixed Deposit (FD) Calculator
Use this Fixed Deposit Calculator to calculate the maturity value, interest earned, and growth of your FD investment over time.
FD Summary
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Total Interest Earned
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Total Investment
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FD Growth Over Time
Year-wise FD Growth
| Year | Opening Balance | Interest Earned | Closing Balance |
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What Is a Fixed Deposit?
A Fixed Deposit (FD) is a financial instrument offered by banks and NBFCs where you deposit a lump sum for a fixed period at a guaranteed interest rate.
How FD Interest Is Calculated
FD interest is calculated using compound interest depending on the chosen compounding frequency.
Benefits of Fixed Deposits
- Guaranteed returns
- Low risk investment
- Flexible tenure options
- Predictable income
Frequently Asked Questions
Yes. FD interest is taxable as per your income tax slab.
More frequent compounding (quarterly/monthly) yields slightly higher returns.
Yes, but premature withdrawal may attract a penalty.