FD Details
Enter your details
₹
₹1,000
₹1 Cr
% p.a.
0.01%
20%
Years
1 Year
20 Years
MATURITY AMOUNT
₹1,41,158.00
estimated FD maturity value
Principal Amount
₹1,00,000.00
Interest Earned
₹41,158.00
Total Value
₹1,41,158.00
Interest Rate
7.00%
Tenure
5 Years
FD Type
Cumulative
RETURN BREAKDOWN
Principal
Interest
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What is a Fixed Deposit?
A Fixed Deposit, commonly known as an FD, is an investment option where you deposit a lump-sum amount with a bank or financial institution for a fixed period at a predetermined interest rate.
At the end of the tenure, the principal amount and applicable interest are paid according to the selected FD payout option.
The PicMyTool FD Calculator helps you estimate the maturity value and interest earned based on your deposit amount, interest rate and investment tenure.
- Cumulative FD compounds interest and generally pays the accumulated amount at maturity.
- Non-cumulative FD generally pays interest periodically while the principal remains invested.
- Actual FD returns may vary depending on the bank's interest calculation, compounding rules and applicable terms.
- Taxation and TDS may affect the actual amount received.
FD Formula
A = P × (1 + R / N)ⁿᵗ
P = Principal deposit amount
R = Annual interest rate in decimal form
N = Number of compounding periods per year
t = Tenure in years
A = Maturity amount
R = Annual interest rate in decimal form
N = Number of compounding periods per year
t = Tenure in years
A = Maturity amount
This calculator uses quarterly
compounding for the cumulative FD
calculation.