What is the minimum amount required to start a bank Fixed Deposit?

The minimum amount required to start a bank fixed deposit varies from one bank to another. Typically, it falls in the range between ₹100 to ₹10,000.

How much can be the minimum tenure of your bank fixed deposit?

The tenure of a bank fixed deposit can be as short as 7 days and go up to 10 years (20 years in the case of some banks).

What is the difference between Tax-saver Bank FD & Regular FD?

While regular fixed deposits can have a flexible tenure, tax-saver bank fixed deposits have a lock-in period of 5 years.

Who should invest in a fixed deposit?

Any individual who wishes to earn a fixed return at a minimum risk can invest in a fixed deposit scheme. However, FDs should only be used for short-term goals and goals which can’t wait.

Is interest earned on a fixed deposit taxable?

Yes. The interest earned on a fixed deposit is taxable. Moreover, if the interest on fixed deposits exceeds ₹10,000, the bank deducts TDS (Tax Deducted at Source) at 10%.

What are the details required to use an FD interest rates calculator?

To use an online FD calculator, you require details such as the deposit amount, tenure of the fixed deposit, and the current fixed deposit interest rate.

Is it free to use the FD interest calculator at ET Money?

Yes, the FD return calculator at ET Money is absolutely free and can be used by anyone anytime.

Is the maturity amount calculated by the fixed deposit interest calculator an exact figure or an approximate one?

The figures provided by the term deposit interest calculator are the closest estimates and for reference purposes only. This is because the fixed deposit interest rate at the time of actual purchase may differ. A good example can be - at the time of premature withdrawal.

Fixed Deposit (FD) Calculator

Fixed deposit is one of the most widely-used and safest investment instruments in India. It offers fixed or guaranteed returns with flexible tenure options. It is offered by several banks and financial institutions to strike a perfect balance in one's financial portfolio. This online FD calculator helps you calculate the maturity and interest amount you can earn on your fixed deposit investment.

Calculate FD return or maturity amount

I am a senior citizen?

I want to invest

Fifty thousand only

%

Yearly
Quarterly
Monthly

years

What you get:

Total amount invested Amount after maturity

What you get:

Post-tax?

Invested: ₹50,000
Interest :(+0.25% extra) ₹11,252
Maturity amount ₹61,252

Increase tenure to 5 years to make the returns tax-free

Bajaj Finance FD

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All you need to know about FD calculators

What is a Fixed Deposit?

Fixed deposit is one of the most widely-used investment instruments in India. It offers fixed or guaranteed returns with flexible tenure options. It is offered by several banks and financial institutions.

What is a Fixed Deposit Calculator?

A fixed deposit calculator is an online tool designed to help an applicant get an idea of his expected earnings at the end of a fixed deposit tenure. It takes into account the principal amount, tenure, and applicable rate of interest to calculate the maturity amount in the end. So, before you invest in a fixed deposit, an online calculator gives you an idea of your earnings in advance, thus helping you make a wise financial decision.

How to Use ET Money FD Calculator?

You can calculate the interest on your fixed deposits and the total amount you will receive on its maturity. Follow these steps to use the ET Money FD calculator:

Fill in the amount you would like to invest in FD
Choose the Interest rate and the compounding period for interest, i.e., monthly, quarterly or yearly
Select the tenure of the fixed deposit or duration for which you want to invest

You will be able to see your total investment, interest earned, and maturity value at the end of the fixed deposit's tenure.

How to Calculate Fixed Deposit Maturity Amount?

You can use the ET Money FD Maturity Calculator to know your fixed deposit maturity amount. Just go to the fixed deposit calculator online and choose the type of investment. Then, choose the tenure and your principal amount. You will automatically be able to see the total maturity amount of the fixed deposit along with the interest you will earn on the principal over the tenure.

How is the Interest on Fixed Deposit (FD) Calculated?

There are two methods to calculate interest on fixed deposits - simple interest and compound interest. Let us look at both of them.

Simple Interest	Compound Interest
The formula for simple interest is; SI = P x R x T / 100 Where, SI = Simple interest P = Principal amount (amount invested) R = Rate of interest (in %) T = Tenure of the fixed deposit Let us assume, you invest a sum of ₹15,000 for 5 years at 10% interest rate per annum. On maturity, the simple interest you earn will be: ₹15,000 x 10 x 5 / 100 = ₹7,500 Therefore, the total maturity amount is ₹22,500 (₹15,000 + ₹7,500)	The formula for compound interest is; *A = P (1+r/n) ^ (nt)** Where, A = Maturity amount P = Principal amount r = Rate of interest (in decimals) n = number of compounding in a year t = number of years Let us assume, you invest ₹10,000 for 3 years at 10% interest rate compounded quarterly. At the time of maturity, the calculations are as follows: A = 10,000 [1+ (0.10/4)] ^ (4*3) A = 10,000 (1 + 0.025) ^ (12) A = 10,000 (1.025) ^ (12) A = ₹13,449 (approximately) Thus, compound interest earned over 3 years comes to ₹13,449 - ₹10,000 = ₹3,449.

Simple Interest

Compound Interest

The formula for simple interest is;
SI = P x R x T / 100
Where,
SI = Simple interest
P = Principal amount (amount invested)
R = Rate of interest (in %)
T = Tenure of the fixed deposit

Let us assume, you invest a sum of ₹15,000 for 5 years at 10% interest rate per annum.

On maturity, the simple interest you earn will be:
₹15,000 x 10 x 5 / 100 = ₹7,500 Therefore, the total maturity amount is ₹22,500 (₹15,000 + ₹7,500)

The formula for compound interest is;
A = P (1+r/n) ^ (n*t)
Where,
A = Maturity amount
P = Principal amount
r = Rate of interest (in decimals)
n = number of compounding in a year
t = number of years

Let us assume, you invest ₹10,000 for 3 years at 10% interest rate compounded quarterly.

At the time of maturity, the calculations are as follows:
A = 10,000 [1+ (0.10/4)] ^ (4*3)
A = 10,000 (1 + 0.025) ^ (12)
A = 10,000 (1.025) ^ (12)
A = ₹13,449 (approximately)

Thus, compound interest earned over 3 years comes to ₹13,449 - ₹10,000 = ₹3,449.