A Fixed Deposit (FD) is a low-risk investment where you lock in a lump sum with a bank or financial institution for a set period at a fixed interest rate. Your money grows through periodic compounding, and at maturity, you get back your principal plus interest—perfect for safe, predictable returns.
The FD calculator estimates your maturity amount using this formula:
A = P (1 + r/n)^(nt)
Where:
A = Maturity Amount
P = Principal Amount
r = Annual Interest Rate (in decimal)
n = Number of times interest is compounded per year (quarterly = 4,
annually = 1, etc.)
t = Tenure in years
Enjoy guaranteed growth with minimal risk.
Choose terms from 7 days to 10 years.
Earn more interest than a typical savings account.
5-year FDs qualify for tax deductions under Section 80C.
Use FDs as collateral for quick loans.