Fixed Deposit Calculator
Calculate maturity amount and interest earned on your Fixed Deposit
FD Details
₹
%
years
Maturity Amount
₹1,44,994.80
Principal
₹1,00,000.00
Interest Earned
₹44,994.80
Breakdown
Invested Amount₹1,00,000.00
Interest Earned₹44,994.80
Effective Rate (p.a.)7.5%
Tenure5 years
Maturity Value₹1,44,994.80
Composition
Principal69.0%
Interest Earned31.0%
What is a Fixed Deposit?
A Fixed Deposit (FD) is a financial instrument provided by banks that offers investors a higher rate of interest than a regular savings account, until the given maturity date.
FDs are considered one of the safest investment options in India, backed by deposit insurance up to ₹5 lakhs per depositor per bank by DICGC.
Key Features of FDs
- •Guaranteed returns with assured interest rates
- •Flexible tenure ranging from 7 days to 10 years
- •Tax benefits under Section 80C for 5-year tax-saving FDs
- •Senior citizens get additional 0.5% interest rate
- •Loan facility available against FD (up to 90% of value)