The FD calculator helps to determine how much interest you can earn on your fixed deposit investment at the time of maturity.
Are you an investor and planning to invest in a Fixed Deposit scheme? Use our FD Calculator to check the estimated maturity amount and interest earned before investment. In addition, it gives you the ability to calculate the total interest for different compounding periods. Such as monthly, quarterly, half yearly, and yearly.
M = P × (1 + |
|
) n * t |
Where,
M = Maturity amount
P = Principal or Deposit amount
r = Interest rate (%) (per annum)
n = No. of compounding in a year
t = Number of years
Interest Earned(I) = Maturity Value(M) - Principal Amount(P) |