What Is an FD Calculator?
An FD Calculator is a free online financial tool that helps you calculate the maturity value of your fixed deposit investment based on the amount invested, tenure, and applicable interest rate.
Using an FD calculator is faster and more accurate than manual calculations. Anyone with internet access can use it to estimate FD returns instantly.
The calculator also helps compare maturity amounts across different interest rates and tenures offered by various banks and financial institutions.
How Does the FD Calculator Work?
The FD calculator by NMG Enterprises calculates your returns automatically using a standard FD interest formula.
You simply need to enter:
- Total investment amount
- Rate of interest
- Investment tenure
Based on these inputs, the calculator instantly displays the maturity amount and total interest earned.
How Can an FD Calculator Help You?
- Estimate returns in advance – Know your maturity amount before investing
- Compare FD options – Evaluate interest rates and tenures across banks
- Better financial planning – Choose the most suitable FD for your goals
Formula to Calculate FD Maturity Amount
The FD maturity amount is calculated using the formula:
- P – Principal amount
- r – Rate of interest
- n – Compounding frequency per year
- t – Investment tenure (years)
Example Calculation
Assume you invest ₹1,00,000 at an interest rate of 6.5%, compounded quarterly, for 5 years.
Your maturity amount will be approximately ₹1,38,042, where ₹38,042 is the interest earned.
Example of FD Investment
Suppose an investor plans to invest ₹3,00,000 in a fixed deposit for 7 years at an interest rate of 6.5%.
Using the FD calculator, the maturity value will be approximately ₹4,71,126, including ₹1,71,126 as interest.
If the same investment is extended to 10 years, the maturity value increases to approximately ₹5,71,668.
How to Use the FD Calculator?
- Enter the principal amount you wish to invest
- Enter the interest rate offered
- Select the investment tenure
The FD calculator instantly shows the maturity value, invested amount, and total interest earned.
Advantages of Using an FD Calculator
- Helps in accurate financial planning
- Completely free and easy to use
- Provides instant and error-free results
- Saves time compared to manual calculations
What Is a Fixed Deposit (FD)?
A Fixed Deposit (FD) is a traditional investment option where you deposit a lump sum amount with a bank or financial institution for a fixed tenure at a predetermined interest rate.
FDs offer guaranteed returns and are considered a low-risk investment option. They may have a lock-in period, and premature withdrawals can attract penalties.
Different banks offer different interest rates, including special rates for senior citizens. Hence, it is advisable to compare options before investing.
Plan Secure Investments with NMG Enterprises Services
Use our FD calculator to estimate returns, compare options, and make confident investment decisions.