ArthSangrah

Fixed Deposit Calculator

Plan, Invest, Grow! 💰 Use our Fixed Deposit Calculator for smart savings.
Total Investment (₹)
Rate of Interest (% p.a.)
Time Period
Years
Note: To see the chart, please view this in a larger screen
Calculated Returns
Invested Amount
₹ 5,00,000
Estimated Returns
₹ 1,06,704
Total Value
₹ 6,06,704
What is a Fixed Deposit?
A Fixed Deposit (FD) is a financial instrument offered by banks and non-banking financial companies (NBFCs) where you deposit a lump sum for a fixed tenure at a predetermined interest rate. Unlike savings accounts, FDs offer higher interest rates and assured returns, making them a popular choice for risk-averse investors.
Features
  • Fixed Tenure - Ranges from 7 days to 10 years, depending on the bank or financial institution
  • Assured Returns - The interest rate remains fixed throughout the tenure
  • Flexible Interest Payouts - Options include monthly, quarterly, or annual interest payouts or reinvestment for compounded growth
  • Loan Facility - Banks allow loans up to 90% of the FD amount
  • Premature Withdrawal - Allowed with a penalty, except for Tax-Saver FDs
  • Auto-Renewal Option - Most banks offer an automatic renewal facility upon maturity
Benefits
  • Low Risk - Market fluctuations do not impact FD returns
  • Higher Interest Rates - Better than regular savings accounts
  • Special Rates for Senior Citizens - Usually 0.25% - 0.75% higher than standard rates
  • Tax Benefits - Tax-Saver FDs offer deductions under Section 80C (up to ₹1.5 lakh)
  • Encashment Flexibility - You can withdraw early (with a penalty) or avail a loan against it
Types of Fixed Deposits
  • Regular Fixed Deposit - Standard FD with fixed tenure and interest rate
  • Tax-Saver Fixed Deposit - Offers tax benefits under Section 80C, with a 5-year lock-in period
  • Senior Citizen FD - Provides higher interest rates for individuals aged 60 and above
  • Flexi FD - Linked to a savings account for automatic deposit transfers
Eligibility & Requirements
  • Who can open an FD Account?
    • Individuals - Indian residents, senior citizens, NRIs
    • Organizations - Companies, partnerships, HUFs, sole proprietorships, trusts
    • Minor - Can open an FD account with a guardian
  • KYC Documents Required
    • Identity Proof (Aadhaar, PAN, Passport, etc.)
    • Address Proof
    • Recent Passport-Sized Photograph
How to Calculate Fixed Deposit Returns?
The maturity amount of an FD depends on the principal, tenure, interest rate, and compounding frequency.

The formula for FD calculation is as follows:
A=P×(1+rn)ntA = P \times (1 + \frac{r}{n})^{nt}
where,

  • A=Final AmountA = Final \space Amount
  • P=Monthly InvestmentP = Monthly \space Investment
  • r=Annual Rate of Interest (in decimal)r = Annual \space Rate \space of \space Interest \space (in \space decimal)
  • n=CompoundingFrequency (Yearly = 1, Half−Yearly = 2, Quarterly = 4, Monthly = 12)n = Compounding Frequency \space (Yearly \space = \space 1, \space Half-Yearly \space = \space 2, \space Quarterly \space = \space 4, \space Monthly \space = \space 12)
  • t=Tenure in Yearst = Tenure \space in \space Years

Example Calculation
If you invest ₹ 1,00,000 in an FD for 5 years at 7% annual interest (compounded quarterly):
A=1,00,000×(1+0.074)4×5A = 1,00,000 \times (1 + \frac{0.07}{4})^{4 \times 5}

The maturity amount will be ₹ 1,41,478.
For quick calculations, you can use the calculator on this website