FD Calculator
Most Used Calculator
Fixed Deposit (FD)
A Fixed Deposit (FD) is a safe option that lots of people pick to boost their savings. Use this FD tool to see what your money could become later on. Put in your deposit size, the rate of return, plus how long you’ll keep it locked – then boom, you get results fast. Check out the total payout and earnings without delay.
Try this no-cost web tool from CalcKaro to check bank payouts side by side – so you can map out near-term or far-off savings without guesswork.
How to Use the FD Calculator
- Put in how much cash – this is what you’re setting aside to grow.
- Enter the interest rate – this is the rate your bank or lender gives you each year.
- Enter Tenure – How long you’re keeping your money locked in the deposit, measured in months or years.
- Select compounding frequency – pick how frequently interest gets added, like every month, three months, six months, or once a year.
- Hit Calculate – right away see your Maturity Amount along with Total Interest Earned.
FD Formula Used
This tool works with a common math rule used for savings that grow over time:
Where:
- A = Maturity amount
- P = Principal (deposit amount)
- r = yearly interest rate shown as a decimal
- n = how many times a year things get compounded
- t = stands for how long, measured in years
Example:
If you put in ₹1,00,000 for three years at 7% yearly interest calculated every quarter,
That means your interest income hits ₹23,083.
What is Compounding Frequency?
How often a bank pays interest depends on how frequently it compounds that money.
| Compounding Type | How Often Interest is Added | Effect on Returns |
|---|---|---|
| Yearly | Once per year | Lowest returns |
| Half-yearly | Twice per year | Slightly higher |
| Quarterly | Four times per year | Common in Indian banks |
| Monthly | Twelve times per year | Highest effective return |
Interest builds up differently based on how often it’s added. Once a year means the smallest growth. Every six months gives a bit more than yearly. Banks in India usually do this four times annually. Adding it each month brings the best overall gain.
Get paid interest more often → your cash grows faster because of it.
Tips for Maximizing Your FD Returns
- Check FD interest from different banks – then pick one that fits your money plans.
- Go for every three months or each month growth if you can.
- Break big deposits into several FDs using varied durations.
- Put the payout back in – so you keep growing your gains over time.
- Older folks might get a bit more – up to half a percent – in interest rates.
Frequently Asked Questions
Q1. How much money do you get when a fixed deposit ends?
What you get when your FD ends – includes your main money, along with the gains it made.
Q2. Is FD interest taxable?
Yep, FD earnings count as “Other Income” for tax purposes. Besides that, banks take out TDS when yearly interest goes past ₹40,000.
Q3. Is it possible to withdraw my fixed deposit early?
True, though some banks might slap you with a fee or give you less interest.
Q4. Is it better to compound every month or every three months?
With monthly compounding, gains grow a bit faster because interest builds up more often – so you earn on top of earned amounts sooner.
Q5. Do fixed deposits keep your money secure?
True, fixed deposits rank as one of the most secure options since Indian bank FDs get coverage up to ₹5 lakh via DICGC.
Disclaimer
This FD tool gives a rough idea, just so you can get a sense of things. Maturity amounts could differ based on how your bank computes interest. Talk to your bank first before deciding where to put your money.
Most Used Calculator