FD Calculator – Fixed Deposit Interest Calculator for maturity value of the investment amount. Compare and get the best return on your investment at any banks in India. This FD Calculator works on all type of deposit scheme which includes interest compounding on quarterly basis, annual basis or on simple interest. Fixed Deposit Calculator gives you the accurate picture of what you earn on fixed deposit investment. How much do you earn though a Fixed Deposit ?
Compare Best Fixed Deposit Rate By Banks ?
Identify the Maturity amount and Interest earn separately through use of this Fixed Deposit calculator.
Almost all the banks in India are paying interest on Fixed Deposit i.e. SBI, Syndicate Bank, HDFC Bank, ICICI Bank, PNB etc. The specific formula used for the calculation for the maturity amount is mentioned below.
The Formula used for FD calculation :
- A = Final Maturity Amount that will be received after n period
- P = Principal Amount (i.e. initial investment)
- r = Annual nominal interest rate (as a decimal i.e. if interest is paid at 5.5% pa, then it will be 0.055) (it should not be in percentage)
- n = number of times the interest is compounded per year (i.e. for monthly compounding n will be 12, for half year compounding it will be 2 and for quarter it will be 4
- t = number of years