FD Calculator


Fixed Deposit

Deposit Amount
Interest Rate
Compounding Period
Amount Tenure Interest Rate should not be Empty or Alphabets

Total Maturity Amount

Total Interest

Break-up of total amount

In India, banks and other non-banking financial organizations provide fixed deposits as a financial product. Furthermore, an FD is one of the most secure investment solutions, and you can get good returns once it matures. Generally, it provides a high-interest rate with adjustable tenure options. However, with hundreds of service providers, it can be confusing to select the one that offers the best term. Therefore, anyone can determine the maturity value using the FD Calculator and inputting the various fixed deposit amounts, interest rates, and tenures. 

The maturity and interest amounts are calculated using the principal amount, the applicable FD interest rates, and the tenure using a free online FD calculator from freeemicalculator.in.

FD Calculator

How to Use our FD Calculator?

By following the instructions listed below, everyone can learn to utilize the Fixed Deposit calculator from here:

  • Fill up the first field with the deposit amount. 
  • In the following field, enter the interest rate. 
  • Put tenure duration in the following box. Furthermore, you can specify whether the FD is in for months or years.
  • Finally, click “Calculate” from the menu. The table below the FD Calculation tool will provide the expected maturity amount. Additionally, the column next to the maturity amount has a checkbox where you can view the entire interest.

Why Should you use an FD Calculator?

Like every other financial aid or assistance, buying an FD requires careful consideration of one’s budget and alignment with one’s financial objectives. Furthermore, fixed deposits are for assured profits and risk minimization. However, there is still a sizable risk if you invest unknowingly. To a certain extent, your FD investment can assist in absorbing losses; further, it can be your go-to resource when you want to curb some urgent expenses. You should know how much to deposit into your FD account for this. Therefore, using our FD Calculator will make it simple for you to estimate this.


Numerous banks and other financial institutions provide varying FD programs which you can compare with the aid of an interest rate calculator for fixed-term deposits. After that, you’ll be able to make a sound decision about the offers and best profits over the required tenure.

Fixed Deposit Calculation Formula

Interest rates in a fixed deposit are calculated in simple interest FDs and compound interest FDs. You may evaluate both here as the calculator uses the standard formula for calculation. 

Formula for Simple Interest Rate: M = P + (P x r x t/100), where –

  • P represents the principal amount you deposit
  • r represents the annual interest rate
  • t denotes the tenure or duration in years

For instance, if you deposit a sum of Rs. 1,00,000 for 5 years at 8.5% interest, the equation reads –

M= Rs. 1,00,000 + (1,00,000 x 8.5 x 5/100) = Rs. 1,52,279

For compound interest FD, the fixed deposit return calculator utilizes the following calculation–

Formula: M= P + P {(1 + i/100) t – 1}, where –

  • P denotes the principal amount you deposit
  • r denotes the annual interest rate
  • t represents the tenure or duration in years

For instance, if you take the same variables, the compound interest FD will be,

M= Rs. 1,00,000 {(1 + 8.5/100) 5-1}

Or, Rs. ₹1,52,730

FD Calculator – Benefits

Here are some of the main benefits of using the FD Calculator from the Free EMI Calculator site:

  • There is no room for error because it is an automatic calculator that instantly calculates the value of the inserted variable. 
  • It can curb the hassle of time-consuming calculations at various tenures, amounts, and rates to save effort and time.
  • Customers can use this tool for free as much as they want and compare returns for various FD rates, tenure, and amount combinations.

Factors Affecting Fixed Deposit Interest Rates

Knowing the facts and figures beforehand can help a lot in planning your finances better. However, there are other factors that one must consider in order to in to purchase or invest in an FD. While choosing the FD interest rates, banks and other financial organizations that offer fixed deposits to customers take into account the following factors:

  • Tenure of Deposit Term

The length of time that the deposit amount is invested in a fixed deposit is known as the tenure of the deposit. This time frame typically varies from bank to bank and often lasts between seven days and ten years. Different time periods can result in fluctuating interest rates on fixed deposits.

  • Age of the Applicant

Senior people can receive preferred interest rates on fixed deposits from banks and other financial organizations, ranging from 0.25% to 0.75% above the standard interest rate for consumers. However, some banks and NBFCs have an age limit of 60 years for additional interest rates.