What is a Fixed Deposit (FD)?

A Fixed Deposit is a secure financial instrument offered by banks and non-banking financial companies (NBFCs) in India where you invest a lump sum for a fixed tenure at a guaranteed interest rate.

How does the FD Calculator compute interest?

For tenures longer than 6 months, Indian banks generally calculate interest on a quarterly compounding basis. The formula is: A = P(1 + r/n)^(nt), where A is maturity value, P is principal, r is annual rate of interest, n is compounding frequency per year, and t is total years.

What is the difference between Cumulative and Non-Cumulative FDs?

In a Cumulative FD, interest is compounded and paid along with the principal at maturity, maximizing wealth growth. In a Non-Cumulative FD, interest is paid out at regular intervals (monthly, quarterly) to provide a steady income stream.

Fixed Deposit (FD) Calculator

Calculate Fixed Deposit (FD) interest and maturity amount online. Supports quarterly, monthly, half-yearly, and yearly compounding frequencies for all major Indian banks.

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