Formula
A = P × (1 + r/4)^(4n)Compound interest with quarterly compounding (standard FD convention).
Where
- A= Maturity amount
- P= Principal deposited
- r= Annual interest rate (decimal)
- n= Tenure in years
How to use the FD Calculator
- 1Enter the deposit amount.
- 2Enter the interest rate offered by the bank.
- 3Choose tenure.
Why it matters
- Capital protection.
- Guaranteed, fixed returns.
- Tax-saving FDs qualify under Sec 80C.
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Frequently asked questions
Are FDs better than mutual funds?+
FDs offer safety, mutual funds offer growth. Most investors should use both.