₹ Fixed Deposit Calculator
Results
Maturity Amount: ₹0
Total Interest: ₹0
Bank FD Rate Comparison
| Bank | 1Y | 3Y | 5Y | Senior+ | Your Maturity |
|---|
A fixed deposit is a simple and secure way to save money. It allows you to deposit a certain amount in a bank for financial institution for a fixed, at a fixed rate of interest. Unlike a regular saving account an FD offers higher interest, and the rate remains the same throughout the period. Once the deposit matures, you receive the original amount along with the interest earned. Many people choose FD because these are safe offers steady returns and provide flexible tenure options Ranging from a few days to several years. Additionally some banks I allow or leave a drone with a small penalty and you can even take a loan against your FD if required.
How FD Calculator Helps Investors
FD calculator helps investors by providing a quick and accurate way to estimate the returns on their fixed deposit investments instead of manually calculating interest. Investors can enter details like the deposit amount, interest rate and tenure to inspect the maturity amount, this makes it easier to compare from different banks and choose the one that offers the best returns. It also helps in planning finances by allowing investors to select the right tenure and understand how much they will receive at the end of the deposit period. Additionally the calculator shows the difference between Compounding & NonCompounding payouts Options helping investors decide whether they want periodic interest payments or a lump sum at maturity. some calculators also provide insights into the tax impact helping investors to plan their earnings better Overall an FD calculator is a useful tool for anyone looking to invest in fixed deposit efficiently.
How To Use Fixed Deposit Calculator Online
Begin to use FD Calculator by entering your desired investment amount in the Deposit amount field. This represents the principle you plan to invest. the calculator accepts any value between ₹1000 and beyond, a default set at ₹1,00,000 for initial exploration. Next specify the tenure in whole years using either the number input or manual typing. Unlike traditional calculators limited to standard duration these two accommodates any custom tenure between one to 30 years Making it ideal for personalized financial goals.
Bank selection and interest rates: the drop down medium offers 15 major Indian banks with their prevailing empty rates as of february 2025. Is bank displays three key rates 1 year, 3 year and 5 year terms. the calculator automicity select the rate process to your specified tenure. For instance a four year deposit would use the bank 3 year rate while a six month deposit would default to the one year rate. Senior citizens should enable the checkbox to activate an automatic 0.5% bonus on all banks rates Reflecting the common banking practices advanced users can bypass banks elections through the manner entry option to input custom rates.
Understand the results
- Maturity amount: the total value(principle plus interest) you will receive at FD completion.
- Total interest earned: the purest property generated from your investment.
This calculation uses compound interest formula
A= P(1+r/100)^t
A= Final Amount, P= Principal, r = Annual Intrest Rate, t = Tenure
For manual rates, the tool assumes annual compounding. bank calculations use institution specific compounding methods Approximated to a new equivalent for simplicity.
Bank comparison table: Below your personal results and interact to table displays all 15 banks with dev standard rates and projected maturity amounts specific deposit. Key pictures includes Kadara alighting of your currently selected bank, senior citizen rates automatically incorporated men enabled, Real time updates matching your inputs, three column rate display 1 year, 3 year and 5 year for quick comparison.
Hilights Of Top 10 Banks Intrest Rates( Feb 2025)
| Bank | General Citizens | Senior Citizens |
|---|---|---|
| State Bank of India (SBI) | 3.50% – 6.50% | 4.00% – 7.50% |
| HDFC Bank | 6.60% – 7.00% | 7.10% – 7.50% |
| ICICI Bank | 7.25% – 7.00% | 7.80% – 7.50% |
| Canara Bank | 6.25% – 6.70% | 6.40% – 6.87% |
| Bank of Baroda (BoB) | 6.50% – 7.15% | 7.00% – 7.50% |
| Axis Bank | 7.00% – 7.25% | 7.50% – 7.75% |
| Bank of India (BoI) | 6.00% – 7.30% | 6.75% – 7.75% |
| Punjab National Bank (PNB) | 3.50% – 7.25% | 4.00% – 7.75% |
| Kotak Mahindra Bank | 2.75% – 7.25% | 3.25% – 7.80% |
| Union Bank of India | 6.70% | 7.20% |
Top Calculators
Employee Provident Fund Calculator: Check Montly Calculations with Our EPF Calculator.
ICICI Bank Home Loan Prepayment Calculator: Discover Impact Of Prepayments And Download PDF
SBI Home Loan Calculator With Prepayment: Compare Impact of Prepayments Easily.
Home Loan EMI Calculator With Prepayment: Discover How Prepayments Reduce Your Tenure & EMI.
SIP Calculator: Comparison Between SIP & Lumpsum Calculator.
About The Author
