# Fixed Deposit Calculator

Total Investment

Rate of Interest (P.a)

%

Time Period (Years)

Invested Amount

0

Est. Returns

Total Value

## What is a Fixed Deposit (FD) Calculator?

A fixed deposit calculator is an online calculator that helps you calculate the maturity amount that you would receive at the end of your FD investment tenure. Calculating such manually could be exhaustive. As a better alternative, you could use the Navi Fixed Deposit Calculator.

Navi’s fixed deposit calculator is simple, straightforward and has a user-friendly interface. All you need to do is select your FD amount, the tenure and the rate of interest offered to you. The calculator would display the maturity amount instantly.

## How to Calculate the Maturity Amount of a Fixed Deposit?

Your fixed deposit maturity amount depends upon the amount invested, interest rate, and FD tenure. With the help of the Navi Fixed Deposit Calculator, you can calculate the maturity amount in seconds.

Here’s how to calculate your FD maturity amount

### Select the amount to be invested (deposit amount)

Choose the amount you want to invest with the help of a slide bar.

### Select the interest rate

Move the slide bar to select the interest rate and also select the compounding period for interest, i.e., monthly, quarterly, or yearly.

### Select the FD tenure

Use the slide bar to choose the FD tenure of your choice.

The Navi Fixed Deposit Calculator will display the maturity amount of your FD on your screen.

## What is the FD Maturity Value Calculation Formula?

Simple interest and compound interest are the two ways of calculating interest on fixed deposits.

Simple Interest
The formula is:
SI = P x R x T/100
Where SI denotes simple interest, P represents the principal amount (amount invested), R denotes the interest rate, and T is the fixed deposit term.

Compound Interest
The formula is:
A = P (1+r/n)^(n*t)
Where A denotes the maturity amount, P denotes the amount invested, r stands for rate of interest, n stands for the number of compounding each year, and t denotes the number of years.

For instance, assume you invest ₹10,000 for five years at a 10% compounding quarterly, then the maturity value will be:
A = 10000(1+10%/4)^(4*5) = ₹16,386 (approx)
Compound Interest = Maturity Amount – Principal Amount
CI = 16,386 – 10000 = ₹6,386

## Advantages of Using Navi Fixed Deposit Calculator

The Navi Fixed Deposit Calculator offers the following advantages:

### User-friendly design

Our fixed deposit calculator is simple to use and has a highly responsive interface

### Convenient

Get quick and accurate results in a matter of seconds

### Plan better

To calculate the maturity value of your fixed deposit using an FD calculator, you will have to input the amount you wish to invest, the interest rate you expect to earn, and the tenure for which you want to hold the fixed deposit.
The amount invested, the interest rate, and the length of the FD all contribute to the maturity amount of your fixed deposit. You can compute the maturity amount in seconds using the Navi Fixed Deposit Calculator.

• Select the amount to be invested (deposit amount)
• Select the interest rate
• Select the fixed deposit tenure

You will now be able to see your FD maturity amount.

Yes. Individuals will have to pay tax on the interest earned on an FD. However, u/s 80C of the Income Tax Act, they can claim deductions of up to ₹1.5 lakh per fiscal year if one invests in the 5-year tax-saving FDs offered by financial institutions.
The lowest tenure of FD will vary depending upon the issuer – the financial institution. Usually, customers can make a fixed deposit for a minimum of 7 days.
Disclaimer : Navi does not guarantee accuracy, completeness, or correct sequence of any of the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained/data generated herein or on its completeness/accuracy. The use of any information set out is entirely at the User’s own risk.

## Blogs Jan 1

### Income Tax On Interest Earned From Fixed Deposits

Fixed deposits are popular saving instruments that allow you to earn interest for depositing an amount for a fixed period.

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