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 determine 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 (FD) can be quite complicated and time-consuming. However, using an online FD calculator, you can easily determine these amounts.

  1. Calculating the FD maturity amount is a very complex procedure that usually involves several variables. A fixed deposit calculator simplifies this by offering the exact amount with a single click. 
  2. FD Calculator decreases the time spent doing these complex calculations. 
  3. The online tool also allows you to compare the maturity amounts and interest rates offered by various financial institutions. This information allows you to make more educated financial decisions.

Formula to Calculate the FD Maturity Amount

There are two types of Fixed Deposits available: simple interest FD and compound interest FD.  An FD interest calculator calculates the simple interest FD using the formula mentioned below.

Simple Interest Fd:

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


  • M is the maturity amount
  • P is the Principal amount 
  • r is the rate of interest per annum
  • t is the tenure in years

How to use BlinkX FD Calculator?

Follow the steps described below to use an FD deposit calculator easily.

  1. Ensure that you have access to all relevant data.
  2. Enter the variables as specified in the formula in their respective places.
  3. The FD maturity amount will be displayed 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: 

  1. It determines the precise amount you are qualified for after your maturity period.
  2. Registered users can use both of these calculators for free and without restriction.
  3. Compare the maturity amounts of various financial organisations with ease.
  4. Apart 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 taxable. 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 calculated 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 calculate 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, This may lead 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.

Yes, separate FD deposit calculators are available for different banks. They can help in estimating the maturity amount depending on the deposits made, interest rate and tenure. They specifically provide the precise results regarding the FD plans offered by each bank.

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