Fixed Deposit Calculator
Plan your savings effectively with our fixed deposit calculator. Enter deposit amount, tenure, and interest rate to estimate maturity value and returns for smarter financial planning.
₹1,00,000.00
7.00 %
5 years
⚠️ Note: The schedule is an approximate projection and may vary with bank policies.
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What is a Fixed Deposit?
A Fixed Deposit (FD) is a financial instrument provided by banks and NBFCs where you deposit money for a fixed period at a fixed interest rate. It is one of the safest investment options.
Benefits of Fixed Deposit
- Safety: Capital is secure as FDs are offered by banks and regulated institutions.
- Guaranteed Returns: Earn a fixed interest over the deposit tenure.
- Flexible Tenure: You can choose short-term or long-term deposits as per your financial goals.
- Loan Against FD: Many banks allow loans against FD, providing liquidity without breaking the deposit.
- Automatic Renewal: FDs can be renewed automatically at maturity for convenience.
Types of Fixed Deposit
Common types of FDs include:
- Standard Fixed Deposit: Regular FDs with fixed tenure and interest.
- Tax-Saving FD: Offers tax benefits under Section 80C with a lock-in period of 5 years.
- Recurring Deposit: Small regular investments that function like a fixed deposit over time.
- Senior Citizen FD: Special interest rates for senior citizens.
- Flexi FD: Combines savings account and FD benefits with partial liquidity.
Who Can Invest in FD?
FDs are suitable for:
- Risk-averse investors seeking stable returns
- Salaried individuals saving for short-term or medium-term goals
- Senior citizens looking for secure income
- Anyone who wants predictable, guaranteed returns without market exposure
Taxation on Fixed Deposit
Interest earned on FDs is taxable as per your income tax slab.
- TDS: Banks may deduct Tax Deducted at Source (TDS) if interest exceeds the threshold.
- Senior citizens may get tax benefits under certain schemes.
It’s important to factor in tax while calculating effective FD returns.
Tips for Investing in FD
- Compare interest rates across banks and NBFCs before investing.
- Consider laddering FDs to manage liquidity and maximize returns.
- Check premature withdrawal penalties before committing funds.
- Use FDs as part of a diversified portfolio for stability.
- Senior citizens should explore higher interest schemes available specifically to them.
Impact of Tenure on FD Returns
The tenure of an FD affects the interest rate and overall returns. Longer-term FDs often offer higher interest rates, while shorter-term FDs provide liquidity.
Planning FD maturities strategically can help align them with your financial goals and cash flow needs.
FD Calculation Formula
Deposit Maturity Formula
Where:
Fixed Deposit Example
Example: Fixed Deposit (FD)
A person invests ₹5,00,000in a fixed deposit at an annual interest rate of 6.5%, compounded quarterly, for 5 years.
Results
- Maturity Amount ≈ ₹6,91,528
- Total Interest Earned ≈ ₹1,91,528
Key Insight
By investing ₹5 lakh in an FD for 5 years, the investor earns nearly 38% returns through compound growth, with low risk compared to market-linked investments.
Why Use an FD Calculator?
An FD Calculator helps you plan investments, compare different tenure options, and understand returns in advance, making it easier to achieve your financial goals.