Fixed Deposit Calculator
Calculate your Fixed Deposit returns with compound interest and plan your lump sum investments
FD Calculator
Calculate returns on your Fixed Deposit investment
Compounding Frequency
Investment Breakdown
Growth Over Time
Investment Summary
Investment Details
Key Benefits
- ✓Guaranteed returns
- ✓Fixed interest rate
- ✓Capital protection
- ✓Tax benefits under Section 80C
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View All CalculatorsWhat is Fixed Deposit?
A Fixed Deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date. It's a low-risk investment option with guaranteed returns.
Guaranteed Returns
Fixed interest rate ensures guaranteed returns on maturity
Capital Protection
Your principal amount is completely safe and protected
Flexible Tenure
Choose tenure from 7 days to 10 years based on your needs
Types of FD
🏦 Regular FD
Standard fixed deposit with fixed tenure and interest rate.
💰 Tax Saver FD
5-year FD with tax deduction benefits under Section 80C.
👴 Senior Citizen FD
Higher interest rates for senior citizens (60+ years).
FD Interest Calculation Methods
Simple Interest
Formula: SI = (P × R × T) / 100
Where P = Principal, R = Rate, T = Time
Used for short-term deposits and when interest is paid out periodically.
Compound Interest
Formula: A = P(1 + r/n)^(nt)
Where n = compounding frequency per year
Used when interest is compounded quarterly, monthly, or annually.
FD vs Other Investment Options
| Investment Type | Returns | Risk Level | Liquidity | Tax Benefits |
|---|---|---|---|---|
| Fixed Deposit | 6-8% p.a. | Very Low | Moderate | Tax Saver FD only |
| Mutual Funds | 10-15% p.a. | Moderate-High | High | ELSS funds |
| Savings Account | 3-4% p.a. | Very Low | Very High | None |
| PPF | 7-8% p.a. | Very Low | Low (15 years) | EEE status |
FD Investment Tips
📈 Ladder Your FDs
Create multiple FDs with different maturity dates to ensure regular liquidity and better rates.
🏦 Compare Interest Rates
Different banks offer varying rates. Small finance banks often provide higher rates.
💰 Consider Tax Implications
FD interest is taxable. Consider tax-saver FDs for Section 80C benefits up to ₹1.5 lakh.