FIXED DEPOSIT Calculator
Calculate Your FIXED DEPOSIT Returns

Use TimesMoney's Free Fixed Deposit Calculator to calculate your Fixed Deposit Returns

₹ 100
₹ 99,99,999
3 months
120 months
1%
30%

Investment Details

Deposit Amount: ₹10000
Total Interest: ₹
Maturity Amount : ₹

A Fixed Deposit Calculator is an online tool that helps you estimate the returns on your fixed deposit investments before you invest. By entering details such as the deposit amount, tenure, and interest rate, the calculator provides a clear projection of the maturity amount and interest earned. It serves as a convenient roadmap for planning your savings, enabling you to choose the best fixed deposit options that align with your financial goals. Keep in mind that the actual returns may vary slightly based on the terms and conditions of the financial institution.

There are several fixed deposit calculators available online; one must choose an accurate fixed deposit calculator and learn its usage to calculate the exact fixed deposit amount they are liable to pay for a loan.

Fixed Deposit Calculator

A Fixed Deposit Calculator is an online tool that allows you to calculate the potential returns on your fixed deposit investments. By entering the deposit amount, tenure, and interest rate, the calculator provides an accurate estimate of the maturity amount and the interest you will earn. This tool helps you plan your savings efficiently by giving you a clear picture of how your investment will grow over time. It is a simple yet effective way to compare different fixed deposit options and choose the one that best suits your financial goals.

How can a Fixed Deposit calculator help you?

A Fixed Deposit Calculator can help you plan your investments by providing an accurate estimate of the returns you can expect from your fixed deposit. By entering details like the deposit amount, interest rate, and tenure, the calculator gives you a clear idea of the maturity amount and the interest you will earn. This tool helps you make informed decisions by comparing different deposit options, adjusting variables, and choosing the best plan that aligns with your financial goals. It ensures you can maximize your returns and effectively manage your savings.

How do Fixed Deposit calculators work?

There is a specific formula that Timesmoney uses to compute the Fixed Deposit amount.

SI =( P * R * T ) / 100;, where

  • SI is the simple interest.
  • P is the Priciple amount of the deposit.
  • T is the tenure of the deposit.(divide by 12)
  • R is the rate of interest.

This is the standardized formula used by any online Fixed Deposit calculator.

FAQs

The interest rates on Fixed Deposits are primarily influenced by factors such as the tenure of the deposit, the prevailing economic conditions, the monetary policy set by the Reserve Bank of India, and the applicant’s age (senior citizens often receive higher rates).
No, the Fixed Deposit Interest Calculator is completely free to use. You can access it online anytime without any charges.
The minimum tenure for a Fixed Deposit is typically 7 days, but it may vary slightly depending on the bank or financial institution.
The maturity amount of a Fixed Deposit is calculated based on the principal amount, interest rate, and tenure. The formula used for calculation is: Maturity Value = P × (1 + (r × t)/100), where P is the principal, r is the rate of interest, and t is the tenure in years.
No, the FD interest calculator allows you to calculate the interest for one deposit at a time. However, you can calculate for multiple deposits by repeating the process for each one.
Cumulative Fixed Deposits accumulate interest over the entire tenure and the interest is paid out at maturity along with the principal. Non-cumulative Fixed Deposits, on the other hand, pay interest periodically (monthly, quarterly, or annually), and the principal is paid out at maturity.
Yes, you can calculate the interest for different tenures using the Fixed Deposit Interest Calculator. You just need to input the tenure, and the tool will calculate the interest accordingly.
You can find the FD interest rates for different banks and financial institutions on various financial websites, such as BankBazaar, or directly on the official websites of the banks.
The number of years it takes for your FD to double can be estimated using the Rule of 72. Divide 72 by the annual interest rate to get the approximate number of years. For example, at an 8% interest rate, your FD will double in approximately 9 years (72 ÷ 8 = 9).
It depends on the type of FD. Some Fixed Deposits offer monthly interest payouts, while others pay interest along with the principal at maturity. You can select the type that best suits your needs.
Premature withdrawal of an FD may lead to a penalty, which could reduce the interest earned. The interest rate offered for premature withdrawals is usually lower than the original rate. It’s important to check the terms and conditions before making a premature withdrawal.
No, once a Fixed Deposit is opened, the tenure cannot be changed. However, you can choose to break the FD and open a new one with a different tenure, though this may incur penalties.
The maximum tenure for a Fixed Deposit typically ranges from 5 to 10 years, depending on the bank or financial institution. Some banks may offer longer tenures, but the interest rates may vary.