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Fixed Deposit Calculator

Fixed Deposit Calculator

People saves their money in banks. They don’t know the maturity amount and interest details. Before saving the money in the banks, the users have to check the interest rates and maturity amount details. To know those details, the users have to use the FD calculators. By doing like this, you can know your return amount details. The maturity amount depends on the compound interest and simple interest.

The individuals can replace his/her Fixed Deposit amount as usual savings. Fixed Deposits are safer than the post office schemes. FD’s are increasing day by day, and today it is more popular among all the savings. There are many advantages and benefits for Fixed depositing. To fixed deposit the money in banks there are some terms and conditions. To deposit the money, you have to agree with the conditions.

How to use Fixed Deposit Calculator

The users who want to know the process of Fixed Deposit Calculator can know here. We are providing the information about the Fixed Deposit process in the below sections. The interest of your amount depends on the duration period. The duration period is of 4 types. They are monthly, quarterly, half-yearly, and annually. You can calculate your returning amount by simple interest and compound interest. So, read them carefully to the use of FD Calculators.

Compound and Simple Interest FD Calculations

The individuals who don’t know the calculations of simple interest and compound interest can see the below steps. Hence, everyone should know the below calculations to check your Fixed Deposit maturity amount.

Compound Interest

We are providing an example to know the compound interest calculation. So, follow them carefully to know about FD. The formula used to calculate the maturity amount is

A = P(1+r/n)nt


A = Final Amount that will be received.

r = Annual nominal interest rate as a decimal that is if the interest is paid for 5.5%. Then it will be 0.055.

P = Principal Amount of Initial Investment.

n = Number of times the interest is compounded per year.

t = Number of years.

If the monthly compound is 12, then the half year compound is 2 and the quarter are 4.

For example:

Let us take an amount of Rs.1500 and deposit in a bank for 6 years, and the annual interest rate is 4.3 %

The values of the above formula are as shown below.

P = 1500 ; r = 4.3/100 = 0.043 ; n = 4 ; and t = 6.

Now substitute the given values in the above formula

A = P(1+r/n)nt

A = 1500 (1+0.043/4)4*6

    = 1938.84

Hence the balance after 6 years is Rs.1,938.84 or Rs.1939.

To know the interest amount use the formula A – P

where, A = 1938.84 ; P = 1500

Substitute the values in the formula

A – P = 1938.84 – 1500

           = 438.84

The compound interest works for an investment of fixed period. The annual interest rate is based on the every month’s calculated interest.

Simple Interest

The users who don’t know the Calculation process of simple interest can follow the below sections. It is one of the easy ways to calculate the compound interest.

At the end of the 3 years, the total earned interest is Rs. 30,000.

To calculate the interest of half-yearly the rate is considered as 10%*6 months out of 12 months = 5%.

For quarterly, the interest rate is considered as 10%*3 months out of 12 months = 2.5%.

Benefits of Fixed Deposit

Advantages of FD

Disadvantages of Fixed Deposits


The users who want to check their maturity amount before fixed depositing in the bank can check here. Just enter some necessary details and know your maturity amount on this page. By using FD Calculator, you can clear your doubts. Hence follow our site to know more information about the Fixed deposit.