Fixed Deposit Calculator

What are Fixed Deposits (FDs)?

Fixed Deposits (FDs) are an investment option offered by banks and financial institutions. You deposit a specific amount for a fixed period and earn a predetermined rate of interest on it. The interest rate of FDs differs from one bank to another. However, the average rate of FDs in India is only 5-7%, which may be insufficient to beat inflation. FDs are favourable for those investors who wish to receive guaranteed, yet conservative returns.

How Do Fixed Deposits Work?

1. Deposit Amount: You decide how much money you want to invest in the fixed deposit. This amount is known as the principal.


2. Tenure: You also choose the duration for which you want to keep your money locked in the fixed deposit. (e.g. 1 year, 3 years, 5 years, and even longer).


3. Interest Rate: The bank offers you a fixed interest rate for your deposit, which is usually higher than the interest rate in regular savings accounts.


4. Interest Payout: You can opt for different interest payout frequencies, such as monthly, quarterly, annually, or at maturity. The choice depends on your financial goals and requirements.


5. Maturity: At the end of the tenure, your fixed deposit matures, and you receive the principal amount along with the interest earned.

What is a Fixed Deposit (FD) Calculator?

Calculating the maturity amount of a fixed deposit manually can be tricky, especially if you're considering multiple FDs with varying amounts, tenures, and interest rates. This is where Fixed Deposit Calculators come into play. It simplifies the calculation process and provides you with accurate results within seconds!

How Does marketfeed’s Fixed Deposit Calculator Work?

Here's a step-by-step guide for using the FD Calculator:

Step 1: Enter the principal amount you wish to invest in the fixed deposit.

Step 2: Enter the interest rate offered for your fixed deposit. This rate can vary from one bank to another.

Step 3: Select the tenure for which you intend to keep your money locked in the FD (in years).

The calculator swiftly computes the maturity amount and wealth gained for your fixed deposit.

Why Use a Fixed Deposit Calculator?

Fixed Deposit Calculators offer a multitude of advantages:

• Accuracy: An FD Calculator provides highly accurate results, ensuring that you have a clear understanding of your potential returns.


• Time-Saving: Complex calculations that may take a lot of time manually are completed in seconds.


• Comparison: You can easily compare the maturity amounts for different principal amounts, tenures, and interest rates to make informed investment decisions.


• Planning: FD Calculators help you plan your investments by estimating your returns, making it easier to set financial goals.

FDs are a reliable investment avenue for individuals seeking stability and guaranteed returns. With Fixed Deposit Calculators, you can take full control of your investment journey. Whether you're planning to save for a future expense, an emergency fund, or any other financial goal, these calculators empower you to make informed decisions about your fixed deposit investments.

So, the next time you're considering a fixed deposit, turn to a Fixed Deposit Calculator to unlock the magic of precise planning and financial growth.