About Fixed Deposit (FD) & Term Deposit Calculator
Calculate maturity returns on bank Fixed Deposits and Term Deposits. Computes compound interest across monthly, quarterly, semi-annual, and annual frequencies with complete year-by-year balance and interest yield schedules.
Key Capabilities & Features
- Calculates exact maturity value and total accrued interest
- Supports Monthly, Quarterly, Semi-Annual, and Annual compounding
- Year-by-year compound interest growth schedule table
- Multi-currency support ($, ₹, €, £)
How to Use Fixed Deposit (FD) & Term Deposit Calculator
Enter Principal
Input deposit amount and annual interest rate.
Select Tenure
Choose investment years and compounding frequency.
Review Growth
Inspect total maturity payout and annual schedule.
Privacy & In-Browser Execution Guarantee
Deposit planning numbers remain confidential on your device.
Frequently Asked Questions
How is interest calculated on a Fixed Deposit (FD) or Term Deposit?
Fixed deposits compound interest based on the contracted tenure and compounding frequency (monthly, quarterly, semi-annually, or annually) using the compound interest formula: A = P * (1 + r/n)^(n*t).
What is the difference between simple interest and compound interest on term deposits?
Simple interest only earns returns on the initial principal. Compound interest reinvests earned interest back into the principal at each interval, yielding higher effective annual returns over multi-year maturities.
How does compounding frequency impact maturity value?
Higher compounding frequencies (such as monthly or quarterly compounding) yield slightly higher final maturity proceeds than annual compounding due to interest accruing on previously credited interest earlier in the term.