Time Period (in months)

Total Investment
Total Returns
*These numbers are for illustration purpose only. Actual numbers may vary.

Fixed deposits, or FDs, are a long-term investment vehicle that helps the investor to manage their long-term financial savings. Investors can designate a specific time that the deposit will remain with the financial firm. Since FDs provide higher interest rates than savings accounts, Fixed deposits (FDs) are often a superior option for those seeking to build wealth over the long term.

FD calculators can assist you in determining how much interest you can receive by investing in a fixed deposit for a set period. The maturity amount can be checked using an online FD calculator, considering the compounding interest annually.

How Can an FD Calculator Help You?

Determining the maturity amount of a Fixed Deposit can be complex and time-consuming, but an online FD calculator simplifies the process, allowing individuals to calculate it effortlessly.

  • FD maturity calculations are complex, involving multiple variables. A Fixed deposit calculator does all the hard work and gives you accurate figures at the click of a button.
  • It saves you a lot of time while performing these difficult computations.
  • A fixed deposit return calculator lets you compare the maturity amount and interest rates of FDs offered by different financial institutions. You can make an informed decision when you have all the figures at your disposal.

The Formula to Calculate the FD Maturity Amount 

There are two types of Fixed Deposits available: simple interest FD and compound interest FD. 

Simple interest increases just on the money you deposit or invest (called the principle). With compound interest, you earn depending on the principal plus the interest you've already earned.

Simple Interest Fd:

M = P + (P x r x t/100), where:

P (Principal)Initial amount deposited
r (Interest Rate)Annual interest rate
t (Tenure)Duration of the investment in years

For example, if you deposit an amount of Rs. 2,00,000 for 5 years at 10% interest, the equation reads

M = Rs. 2,00,000 + (2,00,000 x 10 x 5/100)

= Rs. 2,50,000

Compound Interest Fd:

M= P + P {(1+i/100) t-1)}, where:


MMaturity amount
PPrincipal amount
iRate of interest per period
tTenure (duration of investment or loan term)

For example, if you use the same variables, the compound interest FD will accumulate.

M = Rs. 2,00,000 {(1 + 10/100) 5-1}

Or, Rs. 2,61,051

How to use BlinkX FD Calculator?

Follow the procedures described below to use an FD deposit calculator simply.

  • Ensure that you have access to all relevant data.
  • Enter the variables as specified in the formula into their respective places.
  • The FD maturation amount will be presented immediately.

Advantages of Using FD Calculator

Using the FD return calculator, you may find out exactly how much you will get when your FD matures.

There are various advantages of using the FD return calculator:

  • Determine the precise amount you are qualified for after your maturity period and prepare appropriately.
  • Registered users can use both of these calculators for free and without restriction.
  • Compare the maturity amounts of various financial organisations with ease.
  • Aside from the Fixed Deposit calculator, you may conveniently arrange your money with the following calculators. All of our services are free to use, and you can use them as often as you like.

Tax Benefits on FD

Fixed deposit plans, like other personal tax-saving and investing products, are taxed. If the total interest earned from an FD exceeds Rs. 10,000 in a single fiscal year, a TDS of 10% is deducted. When compared to the SIP plan, it is clear that SIPs are more helpful in the long run. Because long-term equities gains are tax-free, any SIP invested in ELSS (equities Linked Mutual Funds) is likewise tax-free after one year.

FAQs on FD Calculator Online

Fixed deposits can be classified as either cumulative or non-cumulative. Cumulative FDs are computed during the life of the FD and are repaid to the depositor at maturity. Non-cumulative FDs are determined on a monthly, half-yearly, and annual basis. 

FD interest rates are influenced by a number of factors, including the deposit's term, the applicant's age (senior people often receive higher interest rates), and current economic conditions.

Yes, FD interest rate calculators are available for free. Several online platforms include this feature, which allows you to compute the interest value of an FD for a specified duration and amount. 

Yes, some FDs pay out interest regularly, whereas most others pay out interest along with the principal amount after maturity.

Compound interest is commonly available on Fixed Deposits (FDs), where interest is calculated not just on the principal but also on the accrued interest, leading to exponential growth.

Once you know how much your Fixed Deposit will be worth at the end of the term, you may decide whether to reinvest or withdraw the funds.

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