FD Calculator

Why Use MFCALC’s Advanced FD Calculator?

Our FD Calculator goes beyond basic interest calculations. It allows you to plan deposits with varying tenures, compounding options, and early withdrawals. You can see exactly how your investment grows over time, helping you make smarter financial choices.

Plan for Multiple Tenures: Test different investment periods — short-term (1 year) vs long-term (5 years) — and see how interest accumulation changes.
Choose Compounding Frequency: Yearly, half-yearly, quarterly, or monthly compounding can significantly affect your maturity amount. Compare options side by side.
Estimate Early Withdrawals: Simulate withdrawing part of your FD before maturity and understand the penalty or interest impact.
Graphical Insights: Watch how your principal and interest grow month by month or year by year via intuitive charts.
Downloadable Summary: Export your FD schedule to CSV or Excel for easy record-keeping and future planning.

Whether you're saving for a short-term goal or a long-term financial milestone, MFCALC’s FD Calculator helps you make informed investment decisions with precision and clarity.

How FD Interest is Calculated (With Examples)

The FD maturity is calculated using the compound interest formula:

Maturity Amount = P × (1 + r/n)^(n × t)
Where:
• P = Principal deposit
• r = Annual interest rate (in decimal)
• n = Number of compounding periods per year
• t = Tenure in years

This formula ensures your interest is compounded according to your chosen frequency, giving a true picture of growth over time.

Practical Examples

Example 1: 3-Year FD

You invest ₹1,00,000 at an annual interest rate of 7% for 3 years with quarterly compounding (n = 4). The formula:

Maturity = 1,00,000 × (1 + 0.07/4)^(4 × 3)

The maturity amount ≈ ₹1,22,843. Interest earned ≈ ₹22,843.

Example 2: Early Withdrawal Scenario

Suppose you deposit ₹5,00,000 for 5 years at 7.5% yearly compounding but withdraw after 2 years. The interest may be lower due to bank’s premature withdrawal rules. Our calculator can simulate this and show the adjusted maturity amount.