A fixed deposit (FD) is a financial instrument that majorly all banks and non-banking financial companies (NBFC) provide. Under a fixed deposit comes with a flexible duration, guaranteed, and predetermined rate of interest. Irrespective of the market fluctuations you will always earn the predetermined interest on your FD investment. You can invest for a tenure ranging from 7 days to 10 years. The more the deposit amount for a longer period, the higher will be the applicable interest rate and interest earned due to the power of compounding.
What is the FD Calculator?The fixed deposit calculator helps an investor estimate the FD maturity amount for a fixed tenure. With the use of an FD calculator, you can estimate the interest income before making an investment. The FD calculator takes the investment amount, prevailing interest rate, and tenure as an input. It provides the wealth gained and maturity amount as the output.
The fixed deposit calculator only provides an estimation of wealth gained and does not provide any assurance or claim the value estimated based on the inputs provided. You can use our simple and easy-to-use online calculator to estimate the maturity of FD.