FD rate online calculator

A Fixed Deposit is a great way to save money for a period of time, if you're looking at getting your invested money safely along with good earning through it then Fixed Deposit is the way to go. With the online and e-commerce platforms having such an influence on our day to day activities, checking our banking work and making decisions with relation to that is now very easy. To learn about how your Fixed Deposit earns interest and how much will be your earning at the end of the tenure chosen, online calculators will help you.

A Fixed Deposit online calculator will help you calculate the interest that your money will earn when kept in a Fixed Deposit. This will take into account your investment that's the Principal amount on maturity after the interest is compounded on a monthly, quarterly, half-yearly or yearly basis. As an example let's say that you have a sum of Rs.15, 000 that is deposited in your bank for a period 2 years the interest the bank is paying you is an annual interest rate of 5%, The interest will be compounded quarterly for this period.

The formula used by the bank will be A = P x (1 + r/n)nt I = A - P.

Maturity Value (A) = P x (1 + r/n)nt

= 15000 x (1 + 0.05/4)4x2

= 15000 x (1 + 0.0125)8

= 15000 x (1.0125)8

= 15000 x 1.104486101

Making the Maturity Value (A) = Rs. 16567.29.

And hence leading to the Maturity Value (FD) = Rs. 16567.29

Interest Earned Amount (I) = Rs. 1567.29.

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