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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 accounts.

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 years.

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 investment.

  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 goals.

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 calculator:

  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 investor.

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 investor.


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 portfolio.

Do senior citizens get extra benefits from investment in FD?

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

What factors impact FD interest rates?

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

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

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

Is the Fisdom FD calculator free?

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

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