FD Calculator

Principal amount
Expected return rate
Time period
Invested amount₹1,00,000
Returns₹43,562
Maturity amount₹1,43,562
Invested Returns

FD Calculator - Fixed Deposit Calculator Online

FD calculator is an online tool which calculates the total amount you will get after a certain time period for a fixed amount. You provide the principal amount, expected return rate and time period. It automatically calculates the total returns you get.

EMIWala provides a simple and easy to use FD calculator. You can play with the sliders to get the expected results.

What is Fixed Deposit (FD)?

Fixed Deposit is a type of investment plan offered by banks and NBFCs. It offers a return on investment as well as security that your money is not going down unlike mutual funds.

Types of Fixed Deposits

How Do FD Calculator Works?

It is a simple tool that uses a specific formula to calculate the FD returns. You need to provide the principal amount, interest rate, and tenure to get accurate results.

Simple Interest Formula:

M = P + (P × r × t/100)

Where:

Compound Interest Formula (Quarterly Compound):

M = P × (1 + r/4/100)4×t

Where:

Example Calculation

If you invest ₹1,00,000 in an FD at 7.5% interest for 5 years:

Simple Interest FD:

M = 1,00,000 + (1,00,000 × 7.5 × 5/100) = ₹1,37,500

Compound Interest FD (Quarterly Compound):

M = 1,00,000 × (1 + 7.5/4/100)4×5 = ₹1,44,995

Benefits of Using Our FD Calculator

  1. Accurate Results: EMIWala FD calculator provides simple and easy to use interface. You can play with the sliders to get the expected results.
  2. Compare Options: You can compare different FD schemes and interest rates.
  3. Time saving: Get instant results without spending time on manual calculations.
  4. Flexible Inputs: Use sliders or manual input for easy customization.

Explore our other calculators, which help you calculate your loan EMIs, SIP returns, and more.

FAQs

What is the minimum amount required to open a Fixed Deposit?

The minimum amount required to open a Fixed Deposit is different for different banks and financial institutions. Some banks may have a limit of ₹1,000 to ₹5,000.

Is FD interest taxable in India?

Yes, FD interest is taxable as per your income tax slab. You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.

Can I break my Fixed Deposit before maturity?

Yes, you can break your FD before maturity, but some banks may charge a penalty. Some banks offer flexible FDs with better terms for premature withdrawal.

What is the difference between simple interest and compound interest FD?

Simple interest is calculated only on the principal amount for the whole time period, while compound interest is calculated on the principal and interest amount you earn both.

How does the EMIWala FD calculator help with investment planning?

EMIWala FD calculator helps you estimate the maturity amount and interest you earn on the Fixed Deposit investment without even making any investment. You can play with the sliders to get the expected results.