FD Calculator
Fixed Deposit Calculator can assist you in meeting your investment objectives by calculating the maturity amount and selecting the appropriate term and compounding period for fixed deposits (FDs). Investors overlook this critical first stage in investment and get a lower return on investment (ROI) since manual computation is complicated and sometimes erroneous. The solution is an FD calculator. Banks or non-banking financial institutions (NBFCs) take the funds, keep them for a set duration, and pay an agreed-upon interest rate. The interest rate can be set or variable, and you can even choose the compounding frequency. The principal and tenure (minimum 7 days) are both adjustable. Use an online FD calculator to help you make the correct decisions. At maturity, you will get both the deposited sum and the interest earned on it. Use an FD interest calculator to estimate your earnings based on deposit amount, interest rate, and tenure. The FD interest calculator simplifies financial planning by providing accurate maturity amount predictions.
- Total Interest
- Investment Amount
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Bank FD Calculators
Bank FD Names | For General Citizens (p.a) | For Senior Citizens (p.a) |
---|---|---|
State Bank of India FD Calculator | 6.10% | 6.90% |
HDFC Bank FD Calculator | 6.25% | 7.00% |
ICICI Bank FD Calculator | 6.25% | 6.95% |
IDBI Bank FD Calculator | 6.10% | 6.85% |
Kotak Mahindra Bank FD Calculator | 6.20% | 6.70% |
RBL Bank FD Calculator | 5.75% | 6.25% |
KVB Bank FD Calculator | 6.10% | 6.60% |
Punjab National Bank FD Calculator | 6.60% | 6.60% |
Canara Bank FD Calculator | 6.50% | 7.00% |
Axis Bank FD Calculator | 6.50% | 7.25% |
Bank of Baroda FD Calculator | 5.65% | 6.65% |
IDFC First Bank FD Calculator | 6.00% | 6.50% |
Yes Bank FD Calculator | 6.75% | 7.50% |
IndusInd Bank FD Calculator | 6.25% | 7.00% |
UCO Bank FD Calculator | 5.30% | 5.80% |
Central Bank of India FD Calculator | 6.25% | 6.75% |
Indian Bank FD Calculator | 6.30% | 7.05% |
Indian Overseas Bank FD Calculator | 6.40% | 6.90% |
Bandhan Bank FD Calculator | 5.60% | 6.35% |
*The interest rates are subject to change as per the discretion of the bank
It is usually preferable to know how much you would make as ROI on an FD before depositing the funds since it will inform you of the maturity amount, acceptable term, and interest payment time. To determine the return on your investment, you must compute the compound interest amount, which requires many complicated calculations that are difficult to perform manually but relatively simple if you use the FD calculator—online. The online calculator is easy to use and can be found on the official 5paise website. Enter the deposit or principle amount, the duration or term, and the bank's interest rate.
The online calculator computes your returns and creates a report. Determine the appropriate sum to get the required return based on the computation. Use the calculator to compare the FD returns of several banks and NBFCs to see which is the most favourable. A calculator is therefore a useful tool available online. Without it, you'll have to manually compute various factors by entering precise earring figures.
Calculating the maturity amount of an FD can be a difficult and time-consuming task. An online FD calculator allows you to calculate it without breaking a sweat. FD maturity estimates are difficult, incorporating several variables. A FD Calculator handles all of the work for you, providing precise results at the push of a button. You can use an FD interest rates calculator to estimate your earnings based on deposit amount, interest rate, and tenure. The Fixed Deposit Interest Calculator simplifies financial planning by providing accurate maturity amount predictions.
It saves you a lot of time performing these hard computations. A FD Calculator allows you to compare the maturity and interest rates of FDs offered by various financial organizations. When you have all of the facts in front of you, you can make an informed decision. You can use financial tools like the FD return calculator, maturity calculator, interest calculator, investment calculator, savings calculator, term deposit calculator, compound interest calculator, bank deposit calculator, time deposit calculator, ROI calculator, and growth calculator to make informed decisions about your deposits and investments.
You can use the FD calculator on the 5paisa website as often as possible to make multiple computations to decide on the most profitable interest rate on FD. It is simple to use and provides you with the most beneficial interest rates accurately and quickly:
Use the FD calculator for the most profitable interest rates; follow these steps:
1. Enter the amount you wish to deposit in the provided space next to the investment amount option.
2. The next option is the rate of interest, enter the interest rates in the provided space.
3. The 'time period' option follows it. Fill in the tenure for which you wish to hold the FD.
4. The final field is the compounding frequency; You can choose from quarterly, yearly or half-yearly. Enter your choice.
5. In a split second, the system will generate a report with the following details:
- Investment Amount
- Total Interest
- Total Value
It is possible to manually calculate the FD Maturity amount under the investment amount approach, but that can be cumbersome and, considering the difficulty level, inaccurate. That is why most investors use online Fixed deposit calculator, which give accurate figures by inputting a few details. Here are some more reasons to use FD calculator:
- Calculating the multiple variables to arrive at the maturity amount takes much time and can be confusing.
- The entire process may tire the investors out, and they may not want to compare FD returns from other banks or NBFCs and end up earning much less.
- The fixed Deposit calculator displays the maturity figures in seconds and thus smoothens the investor's investment journey.
As a depositor, you can choose to receive simple or compound interest and use the 5paisa FD interest calculator for computation.
Simple Interest Calculation—Formula
The calculator uses the following formula to compute the simple interest rate for FD:
FD Interest Calculator — Simple Interest
M = P + (P X R X T/100)
In the formula,
P is the principal amount or the amount to be deposited
R is the interest rate
T is the months or years you want to hold the deposit
For example:
Suppose you invest INR 100,000 for 1 year at an interest rate of 6% on an annual compounding frequency. The calculation will be as follows:
1.06,000 = 1,00,000+ (1,00000 X 6X 1) /100
Compound Interest Calculation
The formula for the calculation of Compound interest is as follows:
M = P + P ((1+ I/100) T - 1)
In the formula,
P stands for the principal
I stand for the interest
T stands for the term
For the exact figures in the above example, the value of M or the compound interest is equal to:
1,34,686 = 1,00,000 + 1,00,000 (( 1+6/100) 5 -1)
You may make an informed decision to accomplish your investing goals after generating correct statistics with a 5paisa calculator. Scroll down for more. FDs are term deposits with varying terms (7 days to 10 years). The calculator assists you in determining the optimal tenure for achieving your target return.
1. Using a calculator, choose a compounding frequency that works for you.
2. The calculator will display the total interest and maturity amount.
3. The 5paisa calculator provides you with a complete report that includes:
4. The Return on FDs
5. The compound interest receivable—monthly, quarterly, or yearly
Frequently Asked Questions
For premature withdrawals of fixed deposits (FDs) of more than ₹5 lakh, a penalty of 1% will be applicable. The interest rate will be 0.50% or 1% less than the rate effective at the time of deposit for the duration the deposit was maintained with the bank, or 0.50% or 1% less than the contracted rate, whichever is less1.
In case of FD premature withdrawal penalty, the amount is calculated based on compound interest. The formula for the same is:
[ A = P \left(1 + \frac{r}{n}\right)^{nt} ]
Where:
(A) represents the final maturity amount after penalty.
(P) is the principal amount.
(r) is the interest rate (reduced).
(n) is the compound interest frequency.
(t) is the tenure.
It takes only a few seconds.
Once you know how much your Fixed Deposit will be worth at the end of the term, you may decide whether to reinvest or withdraw the funds.
Yes, there are separate FD deposit calculators available for different banks. These calculators help you estimate the maturity amount based on your deposit amount, interest rate, and tenure. They are specific to each bank and provide accurate results for your financial planning.
Disclaimer: The calculator available on the 5paisa website is intended for informational purposes only and is designed to assist you in estimating potential investments. However, it is important to understand that this calculator should not be the sole basis for creating or implementing any investment strategy. View More..