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Maturity amount and interest on a fixed deposit.
A Fixed Deposit (FD) calculator estimates the maturity amount of a lump-sum deposit that earns a fixed interest rate for a set tenure. Banks compound FD interest at a chosen frequency, and the calculator applies standard compound-interest growth.
FDs are low-risk instruments with a guaranteed rate, making them popular for capital preservation and predictable returns.
Most Indian banks compound FD interest quarterly, though some products use monthly or half-yearly. Pick the option that matches your bank's terms.
Before tax. Interest earned is added to your taxable income, and TDS may apply, so your in-hand amount can be lower.
A cumulative FD reinvests interest and pays it at maturity (what this calculator models). A non-cumulative FD pays interest periodically instead of compounding it.