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A Fixed Deposit (FD) is a secure investment option where you deposit money for a fixed period at a predetermined interest rate. Our FD calculator helps you calculate the maturity amount, interest earnings, and returns on your fixed deposit investments, making it easier to plan your savings and compare different FD schemes.
Enter your deposit amount, interest rate, time period, and compounding frequency. The calculator uses the compound interest formula to show your maturity amount, total interest earned, and the breakdown of your investment growth over time.
FD interest can be compounded quarterly, monthly, or annually. More frequent compounding results in higher returns. Senior citizens often get higher interest rates, and tax-saving FDs offer additional benefits under Section 80C.
Compare rates from different banks, consider laddering your FDs for better liquidity, look for senior citizen rates if eligible, and consider tax-saving FDs for tax benefits. FDs are ideal for conservative investors seeking guaranteed returns.
Simple interest is paid only on principal, while compound interest includes interest on accumulated interest, leading to higher returns.
Yes, FD returns are guaranteed by banks up to Rs. 5 lakh per depositor under DICGC insurance.
FD tenure typically ranges from 7 days to 10 years, with longer tenures offering higher interest rates.