A Fixed Deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.

Our FD Calculator helps you determine the maturity amount and the interest earned on your FD investment. Here's how to use it:

1. Principal Amount: Enter the amount you wish to invest in the FD.
2. Interest Rate (% p.a.): Input the annual interest rate offered by the bank for the FD.
3. Tenure (Years/Months): Specify the duration for which you want to keep the money invested in the FD. You can set this in years or months. Note that interest in FDs is typically compounded quarterly.

Understanding Your FD Calculator Results

• Principal Amount: The initial sum you invested.
• Total Interest: The interest earned over the entire tenure.
• Maturity Value: The total amount (Principal + Interest) you will receive at the end of the FD tenure.