Fixed Deposit Calculator
fixed deposit calculator. Get instant, accurate results. Enter values for instant results with step-by-step formulas.
Reviewed by Sahil, Senior Finance & Tax Editor
Reviewed by Sahil, Senior Finance & Tax Editor
Formula
A = P(1 + r/n)^(nt)
Compound interest formula where P = principal, r = annual rate, n = compounding frequency per year, t = time in years. Most Indian banks use quarterly compounding for FDs.
Worked Examples
Example 1: ₹1L for 5 years at 7%
Problem:₹1,00,000 at 7% quarterly compounding for 5 years
Solution:A = 1,00,000 x (1 + 0.07/4)^(4x5) = ₹1,41,478
Result:₹1,41,478 (₹41,478 interest)
Reviewed by Sahil, Senior Finance & Tax Editor · Editorial policy