What is the Fixed Deposit Calculator?
A fixed deposit (FD, also called term deposit or TDR) earns a fixed profit rate for a set period. Enter the deposit amount, annual rate and tenure to see the maturity value and total interest – with compounding (reinvested) or with monthly profit paid out, as offered by many banks and national savings schemes.
How to use the Fixed Deposit Calculator
- Enter the deposit amount and annual rate.
- Choose the tenure in months or years.
- Choose compounding frequency or monthly payout.
- Optionally add tax on profit (withholding tax).
Formula (compounding)
Maturity = P × (1 + r/n)^(n×t), where n is the number of compounding periods per year.
Note
Rates change often – check your bank’s current rate. Profit may be taxed; enter the withholding tax % to see the net amount.
This Fixed Deposit Calculator is 100% free, needs no signup and runs privately in your browser – on phone, tablet or computer.
Last updated: · By NodifyTech