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Investment

💰 FD Calculator

Calculate Fixed Deposit maturity amount and interest for any bank or NBFC.

Inputs

₹

%
mo

Results

Maturity Amount

--

Principal

--

Interest Earned

--

Effective Annual Yield

0%

How FD Formula Works

n = compoundingPerYear
  t = months / 12
r = rate / 100
maturity = principal * Math.pow(1 + r / n, n * t)
interest = maturity - principal

FAQs

What is the difference between simple and compound FD? ⌄

Simple interest FD computes interest only on principal. Compound FD adds interest back periodically, earning interest on interest.

Which bank offers the best FD rates? ⌄

Small finance banks and NBFCs typically offer higher FD rates (7-9%) than large banks (6-7%). Always check RBI-registered institutions.

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