FD Calculator

Fixed deposits (FD) serve as excellent term investment opportunities offered by multiple banks and NBCs. Here, the investors' principal amount gets locked for a specific tenure ranging between 7 days to 10 years.

One. of the primary reasons that drive investors to put their hard-earned money in FD schemes is it provides a higher rate of interest, depending on specific terms and conditions. Nowadays, you can also avail of the FD calculator to get a precise idea regarding the interest rate and the exact maturity amount.

What are the benefits of using an FD Calculator?

Often, investors face challenges in calculating the exact maturity value for a specific principal amount invested for a fixed tenure. Here, the FD calculator can come to your rescue. It is a seamless, error-free tool helping users determine the correct maturity value at the click of a button. You get a precise idea regarding the outcomes of the fixed deposit schemes and even compare the final maturity value and interest rates of FDs provided by various financial institutions in a hassle-free exercise. Investors can make informed decisions by implementing the latest FD calculator available on our website.

Which formula will give you the FD maturity amount?

Financial institutions offer two types of FD schemes -- simple interest FD and compound interest FD. Let us first check out the formula for the simple interest FD.

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

Similarly, if you would like to go ahead with the compound interest FD, then the FD calculator will utilise the below-mentioned formula:

A = P * (1 + r/n)^(nt)

• A = final amount
• P = initial principal balance
• r = interest rate
• n = number of times interest applied per time period
• t = number of time periods elapsed

How would you utilise FlipItMoney's FD calculator?

First, gather data related to the various variables (principal, rate, and time) with which you would like to go ahead with the FD scheme. Now, follow the simple steps by entering the required variables on their designated slots in the formula to find your probable matured amount instantly.

What are the advantages of using FlipItMoney's FD Calculator in India

• You can find the exact maturity value without chalking out complicated calculations.

• You can plan your future systematically by knowing the amount you can earn at maturity for a specific tenure.

• The FD calculators on our website are reliable and free for unlimited use by registered users.

• You can seamlessly compare the maturity amount offered by various lenders.

FD Calculator - FAQs