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FD Calculator

₹50000 ₹5 Lakh
2% 8%
1 30
₹1 Lakh ₹50 Lakh
2% 8%
1 30

Amount Invested Vs Return

  • Total Investment
  • Maturity Value

Maturity Value

Interest Earned

If you invest ₹ one-time at the rate of % for years.
Tip For You

Invest early. The longer your money has time to work for you, the more significant the effect of compounding can be. Compounding is known as the eighth wonder of the world!


An average Indian investor is known to prefer fixed deposit
investments over any other investment option available. The main reason
for this preference is low risk involvement and guaranteed returns.
Since fixed deposits are not associated with market performance, these
do not expose an investor’s hard-earned savings to any sudden
volatilities. Therefore, fixed deposits remain an ideal choice for
investors who are not well-versed with the markets and want to limit
their risks.

While investing in fixed deposits is very easy, what is often
considered challenging is the calculation of returns from fixed
deposits. However, with the advent of online FD calculators, this task
is now easy.

Here, we will explore Fisdom’s easy-to-use FD calculator and
how it can benefit FD investors. Let’s first begin by understanding the
concept of fixed deposits.

What is a fixed deposit investment?

Fixed Deposits is an investment avenue that lets
investors park their funds for a long duration. At the end of the
investment tenure, the investor can get interest earnings combined
with the original principal amount invested. The interest rate on
FDs may remain the same or fluctuate depending on rate changes
announced by banks. Fixed deposits also come with varying tenures
that can range anywhere from 7 days to 10 years.

Investors can fetch higher returns through FDs as
compared to keeping the same amount of funds in savings bank

How does a FD calculator work?

A FD calculator helps in estimating the FD investment
maturity amount at the end of the investment tenure. The calculator
takes into account deposit amount and interest rate as selected by
the investor while calculating investment returns.

Fisdom’s FD calculator has two-fold features:

  1. Investors can use it to estimate returns from the investment
  2. The other feature helps investors to perform backward
    calculation for estimating the investment amount and tenure by
    entering target returns

The FD calculator also provides accurate interest
earnings that can be generated from a fixed deposit investment. Here
are the key aspects that the FD calculator incorporates to calculate
FD returns or maturity amount:

  1. FD deposit amount
  2. Interest rate
  3. Tenure of investment

Maturity amount is paid out at the end of the FD tenure.
This amount is made up of the total interest earnings and the
principal (original deposit amount).

Steps for using Fisdom’s FD calculator

1. Investment amount

Follow the below-mentioned steps to calculate investment
amount with Fisdom’s FD calculator:

  1. Input the amount that you want to invest in the first slot of
    the calculator
  2. Next, enter the interest rate that is being offered by the bank
    where FD is to be opened
  3. Lastly, enter the targeted investment duration for which you
    want to maintain the FD. This can be anywhere between 1-30

Once these values are entered, the calculator will automatically
reflect the maturity value in the right-hand side section of the
tool. It will also show a bar comparing the original investment
amount against maturity value for comparison purposes.

2. Target amount

Here are the steps to be followed for calculating the
investment amount needed to achieve a target amount from an FD

  1. Enter the target amount that you wish to achieve as per your
    financial goals
  2. Plug in the ongoing interest rate or rate offered by the
    selected bank
  3. Enter the duration that you wish to invest for as per your

The calculator will automatically throw up the required
investment amount for achieving the target amount entered by you. It
will also show a comparison between the investment and target
amounts for easier reference of estimated growth.

Why is FD calculator beneficial for investors?

Whenever an investor selects one investment option over
another, he/she should know the benefits and risks attached to the
investment. While FD investments are known to be risk free and these
offer guaranteed returns, one must know the exact quantum of returns
along with other associated factors that will impact the returns.

Instead of manually calculating returns by taking into account the
influencing factors, it is ideal to make use of an FD calculator.
With the help of an FD calculator, an investor can also make
comparisons across different FD schemes and offerings by banks.
This, in turn, helps in estimating which scheme works best in the
investor’s favour.

Here are some of the other benefits that can be availed from an FD

  1. Error free calculations
  2. Helps in saving time and effort as one can avoid the hassle of
    manual calculations using multiple tenures, different amounts
    and various interest rates
  3. The tool is available for free and one can use it as many times
    as one likes.

Additional read – Why do Indians prefer to invest in FD than
MFs or equities

What are the Income tax implications on Fixed
Deposit earnings?

The main earning from a fixed deposit investment is the
interest component. Interest earnings are considered as part of the
total income of the investor and are therefore taxed as per the
applicable income tax slab rate.

Banks deduct TDS on FD interest in case the amount
exceeds Rs. 40,000/- in a FD account during a financial year.
Investors who have not shared their PAN details with the bank may
see a TDS of 20%. Companies deduct TDS on FD interest at 10% in case
the interest earnings during a financial year are above Rs. 5,000/-.
Interest earned on any kind of FD is taxable at the slab rate of the

Most banks offer tax-saving FDs that can help in bringing
down the taxable income of the investor. Investors can invest up to
Rs. 1.5 lakh in a tax-saving fixed deposit and this amount can be
availed as deductions u/s 80C of the Income Tax Act, 1961. However,
these FDs have a lock-in period of 5 years and do not allow
premature withdrawals except in case of untimely death of the


FD calculator is an ideal tool for new-age investors who
have a portfolio of various investments that require constant
tracking. Instead of relying on manual and time-consuming
calculation processes, it is smarter to use an FD calculator while
estimating returns on the investment.


Who should invest in FDs?

Conservative investors who do not want to take any risks and want
predictable returns that are guaranteed can invest in FDs. These can
also be used to diversify and balance the risk element of an investor’s

Do senior citizens get extra benefits from investment in

Yes, there are separate interest rates on FD investments made by senior

What factors impact FD interest rates?

Many factors influence the FD interest rate, including deposit tenure,
applicant’s age, economic scenario, etc.

Can the Finity FD calculator be used for knowing FD
returns from all banks?

Yes, you can use the Finity FD calculator to know FD returns or
investment amount for FD products of any banks in India.

Is the Finity FD calculator free?

Yes, you can use the Finity FD calculator for free and there is no limit
on the number of times that you can use it.

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