FD Calculator
You put money in for a set amount of time and get a guaranteed interest rate. Fixed Desposits give you higher returns than savings accounts, but you have to keep your money locked up for 7 days to 10 years, depending on the length of the FD. You will get the principal amount back at the end of the fixed period, along with the interest that has been earned.
Before you invest, Stockify's FD calculator can help you figure out how much interest you'll earn and how much you'll have when the investment matures. It shows how quarterly compounding can help you save money and grow your wealth with little risk.
What is an FD Calculator?
A Fixed Deposit calculator is a simple online tool that lets you figure out how much money you will make from fixed deposit investments based on how much money you put in and how long you keep it there. People who want to make safe investments with guaranteed returns prefer to use the FD calculator.
Put simply, you tell the calculator three things:
Principal Amount: How much money do you plan to invest as a lump sum?
Investment Tenure: For how many years or months do you want to keep the deposit?
Interest Rate: The annual interest rate offered by the bank or NBFC
The calculator then gives you two important numbers:
Total Interest Earned: The amount you will make from the investment
Maturity Amount: The total amount you will get, including the principal and any interest that has built up.
Please note that the FD calculator results depend on your bank's compounding frequency and exclude TDS, which applies if your annual interest exceeds ₹50,000 (₹1,00,000 for senior citizens).
How can the Stockify FD Calculator help you?
The FD calculator shows you how much guaranteed growth you can get from safe fixed deposit investments. Clear maturity projections help people make smart financial choices.
Tracks Total Returns:
Find out exactly how much principal, interest, and the final maturity amount you will get. This helps you see the whole picture of how your investment is growing.
Project Goal Achievement:
Calculate out how much you need to put away today to reach a financial goal in the future. The calculator helps you figure out how compounding can help you build wealth over time.
How do FD Calculators work?
An FD calculator works on the compound interest formula, as most banks offer quarterly compounding on fixed deposits.
The fixed deposit calculator for simple interest FD uses the following formula –
M = P + (P x r x t/100), where –
P is the principal amount that you deposit
r is the rate of interest per annum
t is the tenure in years
For example, if you deposit a sum of ₹. 2,00,000 for 5 years at 10% interest, the equation reads –
M= ₹. 2,00,000 + (2,00,000 x 10 x 5/100)
= ₹. 2,10,000
Compound Interest Formula:
A = P × (1 + r/n)^(n×t)
In the above formula:
A: maturity amount (final value received)
P: principal amount invested
r: annual rate of interest
n: number of times interest is compounded per year (e.g. 4 for quarterly)
t: time period in years
Let us understand with an example:
Suppose you want to invest ₹1,00,000 for 5 years at an annual interest rate of 7% with quarterly compounding.
Given values:
P = ₹1,00,000
r = 7% = 0.07 (in decimal)
n = 4 (quarterly compounding)
t = 5 years
Calculation:
A = 1,00,000 × (1 + 0.07/4)^(4×5)
A = 1,00,000 × (1 + 0.0175)^20
A = 1,00,000 × (1.0175)^20
A = 1,00,000 × 1.41478
A = ₹1,41,478
Interest Earned = ₹1,41,478 - ₹1,00,000 = ₹41,478
How does FD differ from Recurring Deposit (RD)?
Aspect | Fixed Deposit (FD) | Recurring Deposit (RD) |
Investment Type | One-time lump sum deposit | Monthly fixed installments |
Deposit Frequency | Single deposit at account opening | Regular monthly deposits throughout tenure |
Minimum Amount | Minimum investment is higher (typically ₹1,000 to ₹10,000 depending on banks) | Lower monthly installment (start from ₹50 only) |
Interest Calculation | On entire principal from day one | On reducing balance; each installment treated separately |
How to use Stockify's FD Calculator?
Follow these steps to use Stockify's FD calculator like this:
Type in the amount you want to put in.
Choose how long you want to invest (7 days to 10 years).
Put in the interest rate your bank is offering.
Pick how often you want to compound: every three months, every six months, or every year.
Click "Calculate" to find out how much you will get back and how much interest you will earn.
Advantages of using Stockify's FD Calculator
Quick and Accurate:
Get instant estimates of your returns without making mistakes when you do the math yourself
Goal Planning:
Figure out how much money you need to invest to reach your financial goals
Easy Comparison:
Compare rates from different banks to find the best ones.
Smart Decisions:
Picture how different rates and tenures will affect how much money you make.
FAQ
You can use FD Calculator for free online to figure out how much your FD will be worth when it matures and how much interest it will earn. Just enter the principal, tenure, and interest rate.
Most banks use the compound interest formula for FD interest, which adds interest to the principal every three months for higher returns.
Most banks require at least ₹1,000, but there is no upper limit. You can have more than one FD at different banks.
FD terms can be as short as 7 days or as long as 10 years. There are also options for short-term (7 days to 1 year) and long-term (1 to 10 years) deposits.
No, cumulative FDs pay out a lump sum and reinvest the interest for compounded growth. Non-cumulative FDs pay interest on a regular basis (every month or every three months) while keeping the principal the same.
No. The terms of an FD are set once it is booked. You can either withdraw early and pay a fee or open a new FD with different terms.
Yes. People over 60 get 0.10–0.50% more interest and a higher TDS exemption of ₹1,00,000 compared to ₹50,000 for other people.
If the annual FD interest is more than ₹50,000 (₹1,00,000 for seniors), banks take 10% TDS off. If you don't have a PAN, TDS is 20%. Your income level determines how much interest you have to pay taxes on.
Yes. Section 80C lets you deduct ₹1.5 lakh from your taxes for 5-year tax-saving FDs, but you have to keep them locked in.
Banks charge an extra 0.5% to 1% on the interest rate. Interest is recalculated based on the actual length of time held. If you take money out early, you might not get any interest.
Yes. Banks will lend you up to 90% of the value of your FD at a rate of 1–2% higher than your FD rate. Your FD will keep earning interest while it is pledged.
Yes. The rate at booking stays the same, so you won't lose money if rates go down, but you won't gain money if rates go up.
Yes. Opening multiple FDs at different banks (FD laddering) keeps your money available, gets you the most interest, and keeps you below the TDS limit for each bank.
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