Urban Money
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Future Value

Investments To Returns Ratio:

Amount Invested

Wealth Gained

Future Value

What is a FD Calculator?

A fixed deposit is a secure investment tool provided by almost every bank in India. However, an awareness of only its features and benefits is not enough to gauge which one will be right for you. With easy UI and quick results, the Urban Money Fixed Deposit Calculator helps you not only check your FD maturity amount but also compare and make an informed decision on how to go about it effectively.

Overview of Fixed Deposit Calculator

The Urban Money Fixed Deposit Calculator is an effective tool that assists you in calculating your matured FD amount. In a fixed deposit, you receive the matured amount at the end of an FD term. The matured amount is calculated by compounding the interest on a monthly, quarterly, half-yearly or annual basis. By considering minimal inputs, the FD calculator at Urban Money helps you not only comprehend the compounded interest and matured amounts but also compare bank FD offerings so that you can select the right bank for your fixed deposit account.

Types of Fixed Deposits

Fixed Deposits are broadly classified into cumulative fixed deposits and non-cumulative fixed deposits.

Cumulative Fixed Deposits

If you opt for cumulative fixed deposits, the interest on the investment is compounded and paid during the maturity of the FD. Here, the interest incurred on your investment is reinvested, creating a compounding effect. Cumulative fixed deposits are preferred for long-term investments. The interest rates are higher than the non-cumulative fixed deposits. Cumulative FDs also offer tax-saving FDs for a five-year tenure.

Non-Cumulative Fixed Deposits

If you are looking for a regular income, non-cumulative fixed deposits are the best fit where you can opt for monthly, quarterly, half-yearly or annual interest payouts on the deposit. You can invest a larger amount of money and receive a larger payout periodically. The non-cumulative fixed deposits are taxable.

Components of Fixed Deposit Calculator

The quick and easy-to-use fixed deposit calculator of Urban Money comprises the following components.

  • Rate of interest
  • Tenure of the fixed deposit
  • The principal amount invested in the fixed deposit
  • Number of compounding periods
  • Type of fixed deposit (cumulative or non-cumulative)

How to Use the Urban Money Fixed Deposit Calculator?

Calculating the return on your investment manually can be a complicated process. The Urban Money Fixed Deposit Calculator makes the task easy and swift. With a few inputs, you can get an estimated return on investment within seconds.

Follow the steps below to calculate your returns upon FD maturity:

  • Firstly, ensure that all the data required by the calculator is ready.
  • Enter the tenure and investment amount in the specified slots.
  • Select the type of FD you want to invest in.

The calculator will display the estimated figure on your screen.

Formula to Calculate the Fixed Deposit Maturity Amount

Fixed deposits can be calculated using the methods of simple interest and compound interest, as illustrated below.

Simple Interest

Simple interest is a method of calculating the interest and maturity amount for a predetermined rate of interest, principal and tenure.

A= P+(P*R*T)/100


A: Maturity amount

P: Principal invested

R: Rate of Interest

T: Tenure of FD

For Example,

If the principal invested is INR 5,000, the rate of interest is 6%, and the tenure of the FD is 5 years, then:

A= 5015

= 5000+ 1500

= INR 6500

Compound Interest

In compound interest, the interest is earned on both principal and interest.

A = P (1+r/n) ^ (n * t)


A: Maturity amount

P: Principal invested

r: Rate of interest

t: Tenure of FD

n: number of compounding periods

For Example,

If the principal invested is INR 50,000, the rate of interest is 6%, and the tenure of FD is 4 years, a half-yearly compounded calculation will be

A= 50,000(1+0.06/2)^(2*4)

= 50,000+ 63,045

= INR 1,13,045

Tables of FD Calculator with Example

An FD calculator has zero scope of error as it is an automatic system. The hassle-free tool is easy to use and gives an estimated result in seconds. With the examples illustrated in the following table, get to know what the figures might look like for an FD amount.

Let's take the amount invested as INR 1,00,000 at a 6% rate of interest for 1 year compounded quarterly.

MarchINR 1,00,000INR 1,500INR 1,01,500
JuneINR 1,01,500INR 1,522.50INR 1,03,022.50
SeptemberINR 1,03,022.50INR 1,545.375INR 1,04,567.838
DecemberINR 1,04,567.838INR 1,568.517INR 1,06,136.355
INR 6,136.35

Advantages of FD Calculator

  • Accurate Estimates: A fixed deposit calculator helps you gauge the return on your FD investment. This, in turn, helps plan your finances for the future as you will know the returns beforehand.
  • Time Saver: Calculating the maturity amount and interest manually is a complicated process. An FD Calculator made the process easy and swift. With just a few inputs, like tenure, interest rates and the principal amount, it facilitates quick results showing your FD maturity amount.
  • Easy Comparisons: With the FD calculator, you can compare different rates of interest of different financial institutions and make an informed decision on where to open a fixed deposit.

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From refinancing to reducing your interest, we have the answers right here.

How much will I get if I invest INR 1 lakh in FD?

If you invest INR 1,00,000 in a fixed deposit, assuming that the tenure is 5 years and the rate of interest is 5%, you will receive an estimated interest of INR 34,686, and the total amount received on the date of maturity will be INR 1,34,686.

Can I open an FD account for 20 years?

No, you can invest in an FD for up to 10 years. Usually, fixed deposits are created for 7- 10 years.

Which bank gives the best returns on FD?

IDFC Bank fixed deposit will be the best fit if you are looking for a five year FD. IDFC offers the best interest rates, i.e., 6%. The interest rate for senior citizens is 6.50%.