Rate of Interest (P.a)
Time Period (Years)
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.
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.
Simple interest and compound interest are the two ways of calculating interest on fixed deposits.
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.
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
Ans. Follow the below steps to calculate your FD maturity amount:
You will now be able to see your FD maturity amount.