Fixed Deposit Calculator
Total Investment
Rate of Interest (P.a)
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Time Period (Years)
Invested Amount
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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.
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.
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
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
Check your FD returns on your investment and put your money to work accordingly
Frequently asked questions
Ans. Follow the below steps to calculate your FD maturity amount:
- 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.
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Blogs
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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.
Jan 22
Fixed Deposit 101: Should You Invest In FDs?
A fixed deposit (FD) is a type of savings scheme that provides higher interest rates compared to a bank savings account.
Feb 18
Tax-Saver FDs in India: Tax Deductions Through Section 80C Of Income Tax Act
Tax-saver FDs are fixed deposits that offer tax deductions through Section 80C of the Income Tax Act.
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