Fd Interest Calculator

This Fixed Deposit Interest Calculator helps users estimate the maturity amount, total interest earned, and effective annual rate based on the principal, interest rate, tenure, and interest payout method specified.

Use Our Fd Interest Calculator

How to Use the Fixed Deposit Interest Calculator

This Fixed Deposit Interest Calculator is designed to help you compute the maturity amount, total interest earned, and the effective annual rate for your fixed deposit investment based on your input parameters. Follow these steps to use the calculator effectively:

Step 1: Enter the Principal Amount

  • Locate the input field labeled Principal Amount.
  • Enter the deposit amount in this field. The minimum permissible value is 1,000 and the maximum is 10,000,000.
  • This field is mandatory.

Step 2: Input the Interest Rate

  • Find the field labeled Interest Rate (% p.a.).
  • Enter the interest rate in percentage per annum. It should be between 1% and 15%, with a step increment of 0.1%.
  • This is a required field.

Step 3: Select the Tenure Type

  • Choose the tenure type from the dropdown list labeled Tenure Type.
  • The available options are Days, Months, and Years.
  • This selection is compulsory.

Step 4: Enter the Tenure

  • Fill in the field labeled Tenure.
  • Enter the tenure period, keeping in mind the selected tenure type. Acceptable values range from 1 to 120.
  • This input is required.

Step 5: Choose the Interest Payout Option

  • Select an option from the dropdown labeled Interest Payout.
  • Available options include Simple Interest, Quarterly Compound, Monthly Compound, and Annual Compound.
  • This choice is necessary to proceed.

Review the Results

  • After inputting all necessary data, the calculator will display various results:
  • Maturity Amount: This is the total amount you will receive at the end of the deposit period. It is calculated using the selected interest payout method and is expressed in INR with two decimal points.
  • Total Interest Earned: This indicates how much interest you have earned over the tenure. It is the difference between the maturity amount and the principal amount, also formatted in INR with two decimal points.
  • Effective Annual Rate: This is a percentage that represents the annualized rate of interest, factoring in the effect of compounding. It is presented with two decimal points.

Make sure all inputs adhere to the validation rules to avoid errors while using the calculator. Once all fields are correctly filled, the calculations will provide you with the projected returns on your fixed deposit.