FD Calculator

How can a fixed deposit calculator help you?

When investing in a fixed deposit, calculating the maturity amount can be a tedious and complex process when done manually. An online FD calculator simplifies this process for you with quick and easy calculations.
 

• Determining the FD maturity amount involves different variables such as FD investment amount, interest rate, investment tenure, and so on. An FD calculator does the heavy lifting for you and gives you accurate results within seconds.
• Using an FD calculator helps you save time on the manual calculations.
• With an FD calculator, you can compare various FD interest rates and maturity amounts offered by different financial institutions and make an informed decision.

How to Calculate FD Interest

A fixed deposit calculator helps determine the maturity amount of your investment based on the interest rate and investment amount. There are two types of FD accounts you can invest in- simple interest FD and compound interest FD. 

The calculator uses the following formulas to calculate the maturity based on the type of FD you have invested in-
 

1. For simple interest FD-

M = P + (P x r x t/100)

Where,

M= Maturity amount

P= Principal amount

r= rate of interest

t= tenure of investment in years

2. For compound interest FD-

M = P + P {(1 + i/100) t – 1}

Where, 

M= Maturity amount

P= Principal amount

i= interest rate per period

t= tenure of investment

Features of Tata Capital Moneyfy's Fixed Deposit Calculator

Tata Capital Moneyfy offers a convenient FD calculator online that simplifies the process of calculating your FD maturity amount. Here are the key features of out FD calculator-
 

• Easy to use :Tata Capital Moneyfy’s FD calculator is easy to use. All you need to do is enter the investment amount, expected interest rate, investment tenure, and compounding tenure. The calculator will share the results within seconds.
• Accurate: Our online FD calculator is highly reliable and accurate. It uses advanced algorithms to calculate the interest earnings and maturity value on the investment based on the investment amount, tenure, and interest rates.
• Saves time: The FD calculator is designed to save you time. Once you enter the required variables, the calculator will display the potential maturity amount and interest earnings within seconds.
• Allows easy comparison: With our online FD calculator, you can easily compare the FD interest rates offered by different financial institutions and make an informed decision on where you want to invest.
• Convenient:The FD calculator is highly convenient, as you can calculate the FD maturity amount anytime, anywhere, without the need to visit the financial institution.