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FD Calculator - Fixed Deposit Maturity Calculator

Calculate your Fixed Deposit maturity amount and interest earned in seconds.

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YoursPay financial calculators

Calculate Your FD Returns

Min ₹1,000 • multiples of ₹100
YY / MM / DD
Enter your applicable interest rate
FD Maturity Value
₹1,07,500
Principal Amount ₹1,00,000
Effective Interest Rate 7.50% p.a.
Total Interest Earned ₹7,500
Tenure 1Y
Payout Option At Maturity
Interest Per Payout ₹7,500
Maturity Date -
Interest will be compounded and paid at maturity.
*Indicative only. Confirm current interest rates, payout rules and exact maturity value with YoursPay.
Open an FD with YoursPay

What is a Fixed Deposit?

A Fixed Deposit (FD) is one of the safest and most popular savings instruments in India. You invest a lump sum for a fixed tenure at a predetermined interest rate, and your money grows steadily until maturity. Unlike market-linked investments, an FD offers guaranteed, predictable returns - making it ideal for conservative savers, retirees and anyone building an emergency fund in Salem and across Tamil Nadu.

With YoursPay, opening a fixed deposit is simple and transparent. Use the FD calculator above to see exactly how much your deposit will grow before you invest. To use the FD calculator, enter your deposit amount, choose a tenure, add your applicable interest rate and pick a payout option - the FD calculator instantly shows your maturity value and total interest earned. Trying different amounts and tenures in the FD calculator helps you compare options and plan your savings with confidence at our Salem branch.

Benefits of a Fixed Deposit

  • Guaranteed returns– your interest rate is locked in for the full tenure, regardless of market movements.
  • Capital safety– your principal is secure, making FDs one of the lowest-risk options.
  • Flexible tenures– choose terms from a few months to several years to match your goals.
  • Higher rates for seniors– senior citizens typically earn additional interest.
  • Loan against FD– borrow against your deposit without breaking it in an emergency.

    • How the FD Calculator Uses the Compound Interest Formula

    Fixed deposit maturity is calculated using the standard compound interest formula:

    A = P × (1 + R/100)T

    Where Ais the maturity amount, Pis the principal (deposit amount), Ris the annual interest rate (in percent), and Tis the tenure in years. The calculator above uses annual compounding as per this formula. Remember that fixed deposit interest is taxable as per your income tax slab, so check the latest rules on the official Income Tax Department website before you plan your final returns from the FD calculator.

    FAQ

    Fixed Deposit FAQs

    How is FD maturity amount calculated?
    FD maturity uses compound interest: A = P(1 + r/n)^(nt), where P is the principal, r the annual rate, n the compounding frequency (usually quarterly) and t the tenure in years.
    Is the interest on a fixed deposit taxable?
    Yes, FD interest is taxable as per your income tax slab. TDS may apply if interest crosses the prescribed limit in a financial year.
    Can I withdraw my FD before maturity?
    Most FDs allow premature withdrawal, though it may attract a small penalty and a slightly lower interest rate. Terms are explained clearly before you invest.
    What is the minimum amount to open an FD?
    You can start a fixed deposit with a modest amount at our Salem branch. Contact us for current minimums and the latest interest rates.

    Ready to Grow Your Savings?

    Open a Fixed Deposit with YoursPay and lock in attractive, guaranteed returns.

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