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FD Calculator
An FD calculator is an online tool that helps you estimate the interest earned and total maturity amount on your fixed deposits in a bank or NBFC. The calculator works for all kinds of FD, with tenures ranging from 7 days to 10 years. You can calculate your maturity value based on investment amount, tenure, and interest rate.
Guaranteed Returns
Includes Life Cover
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
7.4%*
(Tax-Free)
Guaranteed Plan
(By Insurance companies)4.6%*
(After Tax)
Fixed Deposit
(Offered by Banks)4.0%*
Savings Account
(Post Office)We are rated++
13.2 Crore
Registered Consumer
53
Insurance Partners
6.29 Crore
Policies Sold
Get Guaranteed returns up to 7.4%*
Fully Tax-Free, Life Cover Included
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FD Interest Rates
- FD Calculator
FD Calculator
Investment Basics
Let’s start with your investment goals.
Tenure & Payout Preferences
Select how long you want to invest and your payout preference.
Best Rates
Here are the best rates available for you.
Select tenure & payout preferences
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Select best rates
Find the best interest rates and payout
7.25%
For tenure of 2Y 1D to 3Y
7.00%
Highest
For tenure of 3Y 1D to 5Y
7.00%
For tenure of Tax saver FD (5Y)
Custom interest rate
%
Back
View summary
Money you’ll receive on Maturity
₹0
Total investment
₹0
Total interest
₹0
Effective yield
0%
Interest rate:
0% per annum
Effective yield
0% per annum
Maturity amount
₹0
Total interest
₹0
Duration
2Y 0M 1D
Maturity date
18 Nov, 2027
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What is a Fixed Deposit (FD) Calculator?
An FD calculator is an online tool that projects the interest earnings and maturity value of a fixed deposit investment. By entering a few details, including the applicable FD interest rates, it automates the calculation and gives you a quick, accurate estimate to support your financial planning.
The calculator factors in:
- Tenure of the deposit
- Investment amount
- Type of the FD (general or senior citizens)
- Applicable FD interest rate
- Interest payout type (on maturity, monthly, quarterly)
How to Use Policybazaar's FD Calculator
- Open the FD calculator on the website.
- Enter the principal amount, rate of interest, and tenure.
- The calculator will show your expected interest and maturity amount.
- You can also choose a payout type like on maturity, monthly, or quarterly.
FD Calculator Formula
The calculator uses one of two formulas, depending on whether the FD pays simple or compound interest.
Simple Interest
Suppose you invest ₹50,000 in an FD for 180 days at a simple interest rate of 4% per annum.
Interest = (P × R × T) / 100
Interest = (50,000 × 4 × 180) / (100 × 365)
Interest = ₹986.30
Maturity Amount = ₹50,000 + ₹986.30 = ₹50,986.30
Compound Interest
Suppose you invest ₹1,00,000 for 3 years at 8% per annum, compounded quarterly.
A = P (1 + r/n)^(n×t)
A = 1,00,000 (1 + 0.08/4)^(4×3)
A ≈ ₹1,26,824.18
Compound Interest = ₹1,26,824.18 − ₹1,00,000 = ₹26,824.18
Benefits of Using the FD Calculator
Accurate Maturity Estimation
Instantly calculates the exact amount you'll receive at the end of your FD tenure, including principal and interest.
Quick and Error-Free
Removes the need for manual compound interest calculations, giving you quick, precise results without visiting a bank.
Comparison Before Investing
Lets you compare maturity values across different FD schemes, interest rates, tenures, and multiple banks’ FD rates comparison.
Goal-Based Planning
Shows your expected returns in advance, helping you align your FD investment with goals like retirement or education funding.
Payout Mode Selection
Helps you decide between a cumulative FD and a non-cumulative FD based on your income needs.
Summary
The FD calculator is a user-friendly tool that is helpful for anyone considering a fixed deposit. By instantly providing an accurate maturity projection, the calculator removes the complexity and errors of manual calculation,providing you with reliable information. Besides, its comparison across different schemes and tenures ensures you can choose the most optimal and lucrative FD option. Ultimately, the calculator allows individuals to confidently align their savings with long-term goals and secure a predictable, stable return.
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Fd Calculator Articles
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03 Sep 2021
Fixed deposit schemes are a popular investment instrument due to
14 Jul 2021
A Monthly Payout FD Calculator is a specialized online tool˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)
** Fixed deposit rate applicable for 5 year's 1 day to
10 years for investment amount less< 2 Crore ( Not for senior citizens).
*** PPF interest rate applicable for 15 years
for investment amount upto 1.5 Lac
+ Trad plans with a premium above 5 lakhs
would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
##The Guaranteed Returns are dependent on the policy term and premium term availed along with other variable factors. 7.4% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and a premium term of 10 years with ₹5,00,000 annually installment premium. All plans listed here are from insurance companies’ funds.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ