About Fixed Deposit Calculator

A Fixed Deposit (FD) is a financial instrument provided by banks where you deposit a lump sum for a specific period at a fixed interest rate. Our FD calculator helps you estimate the maturity amount, interest earned, and plan your investments effectively.

Key Benefits of Using Our FD Calculator

• Calculate FD returns instantly with accurate results
• Compare different interest rates and tenure options
• Special calculations for senior citizens with higher interest rates
• Tax-saving FD calculations with tax benefits under Section 80C
• Visual representation of your FD growth with interactive charts

How to Use This Calculator

1. Enter the principal amount you wish to deposit
2. Input the interest rate offered by your bank
3. Select the deposit tenure in months or years
4. Choose the interest payout frequency (simple, monthly, quarterly, etc.)
5. Click on "Calculate" to see your results

Type of FDs Available

General FD: Regular fixed deposit with standard interest rates.

Senior Citizen FD: Special FDs for individuals above 60 years with higher interest rates (usually 0.25% to 0.75% more than regular rates).

Tax Saving FD: Fixed deposits with 5-year lock-in period offering tax benefits under Section 80C of the Income Tax Act.