# FD Calculator

Total investment

₹

Rate of interest(p.a)

%

Time periodYears ^{⌄}

Invested amount

₹5000

Est. returns

₹ 50

Total value

₹ 5050

Total Investment

Total returns

## What is FD Calculator

An FD calculator is a simple online tool that does all the complex calculations to determines the amount one will get upon investing in a fixed deposit (FD) upon maturity. This tool takes into account the deposit amount, the FD tenure, and the current fixed deposit rate for the specified tenure.

## How can an FD calculator help you?

- FD maturity calculations are complicated given the number of variables. Calculating fixed deposits is easy with a fixed deposit calculator, which automates all of the work for you.
- You can save a lot of time performing these complex calculations using it.
- Comparing the maturity amount and interest rate of various fixed deposits can be done using a fixed deposit return calculator. When you have all of the numbers at your disposal, you can make an informed conclusion.

## Formula to determine FD maturity amount

You can choose between two types of FDs: basic interest FDs and compound interest FDs. StockDaddy offers FD calculators for both types.

This formula is used by our fixed deposit calculator for simple interest FD-

M = P + (P x r x t/100), where –

**P**= Principal amount**R**= Rate of interest per annum**T**= Tenure in years

For example, if you deposit Rs. 1,000,000 for 5 years at 10% interest, the equation is as follows:

M = 1,000X ({[1 +0.01 ]^{12} – 1} / 0.01) x (1 + 0.01)

M= Rs. 1,00,000 + (1,00,000 x 10 x 5/100)= Rs. 1,50,000

**For compound interest FD**

M= P + P {(1 + i/100) t – 1}, where –

**P**= Principal amount**i**= Rate of interest per period**t**= Tenure