FD Calculator
Invested Amount
₹0
Estimated Returns
₹0
Total Maturity
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Grow your savings with FD returns.
FD Calculator – Fixed Deposit Calculator
A Fixed Deposit (FD) is a secure investment option offered by banks and Non-Banking Financial Companies (NBFCs) in India. It allows individuals to deposit a lump sum amount for a predetermined period, ranging from 7 days to 10 years, at a fixed interest rate. This investment ensures capital protection and provides higher returns compared to regular savings accounts.
How the Calculator Helps You
Calculating the maturity amount and interest earned on an FD can be intricate due to varying interest rates, compounding frequencies, and tenure options. An FD calculator simplifies this process by:
- Accuracy: Eliminating manual calculation errors, ensuring precise results.
- Time-Saving: Providing instant computations, allowing for quick financial planning.
- Comparison: Enabling evaluation of different FD schemes based on interest rates and tenures to make informed investment decisions.
Formula for Calculation
Interest on Fixed Deposits is typically compounded quarterly. The formula to calculate the maturity amount is:
A = P * (1 + r/n) ^ n*t
Where:- I = A – P
- A = Maturity value
- P = Principal amount
- r = rate of interest
- t = Number of years
- n = Compounded interest frequency
- I = Interest earned amount
Example Calculation
Let's say you invest Rs. 2,00,000 in an Indian Bank FD at 6.5% per annum for 2 years.
Using the simple interest formula:
Maturity Amount = Principal + (Principal * Rate * Tenor)
= 2,00,000 + (2,00,000 * 0.065 * 2)
= 2,00,000 + 27,527
= Rs. 2,27,527
So, the maturity amount on your Rs. 2 lakh Bank FD after 2 years at 6.5% interest will be Rs. 2,27,527.
How to Use the Calculator on Tradejini
To utilize the FD calculator on Tradejini:
- Access the Calculator: Navigate to the FD calculator section on the Tradejini website.
- Input Principal Amount: Choose the investment duration in months or years.
- Enter Interest Rate: Input the applicable annual interest rate.
- Compounding Frequency: Specify how often the interest is compounded (e.g., quarterly, annually).
- Calculate: Click on the `Calculate` button to view the maturity amount and total interest earned.
Frequently Asked Questions
Yes, premature withdrawals are allowed but may attract a penalty and reduced interest rates.
Yes, the interest earned on Fixed Deposits (FDs) is subject to taxation as per your income tax slab. Effective from April 1, 2025, the TDS (Tax Deducted at Source) thresholds on FD interest have been revised:
For General Citizens (Non-Senior): TDS will be deducted only if the total interest exceeds ₹50,000 from 1st April 2025.
For Senior Citizens: The exemption limit has been increased to ₹1,00,000 per financial year.
If your total interest income surpasses these limits, banks will deduct TDS at the applicable rate.
Interest rates vary across banks and tenures. It's advisable to check the latest rates on the respective bank's website or trusted financial platforms.
Yes, once your Systematic Investment Plan (SIP) has accumulated enough corpus, you can start an SWP from the same fund.
Can I withdraw my FD before maturity?
Yes, premature withdrawals are allowed but may attract a penalty and reduced interest rates.
