Total Investment

₹ 500

₹ 10,00,000

Expected Return Rate (p.a)

1%

15%

Time Period (in years)

1 yr

10 yrs

Investment Amount

Estimated Profits

Investment Amount

1,20,000

Estimated Profits

1,20,000

Total Value

1,20,000

The interest rate for FDs is fixed at the time of opening the deposit and independent of any fluctuations in the market. Some financial institutions even allow one to break their FDs prematurely by paying a certain penalty fee. An FD calculator can be used online to determine the interest and the amount that it will accrue at the time of maturity.

- Ensure you have all the related data available to you.
- Enter the variables as mentioned in the formula on their designated slots.
- The FD maturity amount will be displayed instantly.

There are several other advantages of using these calculators:

- Get the exact amount you are eligible for at the end of your maturity period and plan your future accordingly.
- Compare the maturity amount of different financial institutions easily.
- Besides the Fixed deposit calculator, you can easily plan your finances using the following calculators All of our offerings are free to use and you can use them as frequently as you want.

a = p*(1+ r/n)^n*t where,

a is the maturity amount,

p is the principal amount,

r is the rate of interest,

t is the number of years,

n is compounded interest frequency.

For example, Ashish has invested ₹20,000 for 10 years at a 6% interest rate, then at the time of maturity.

Then the maturity value after 10 years will be ₹ 35,817

- The customer must choose between two customer types: normal or senior citizens.
- Choose either a cumulative or interest payout (quarterly/monthly) or short-term fixed deposit.
- Enter the FD amount.
- Choose the FD's required tenure, either in years/months/days or in days only.
- The customer is shown the relevant interest rate, interest level, maturity date, and maturity amount.

The Dhan's FD Calculator is simple to use and completely free:

- FD can be used as collateral for taking loans. You can take up to 80-90% loans on your FD amount.
- The depositor can choose to transfer the amount at the time of maturity for a further Fixed Deposit.
- The money can be deposited only once. Once deposited, withdrawal of money from the account will accrue a penalty.
- FD schemes are good investment tools for those who have surplus funds and want to earn money from it.

Similar to other personal tax-saving and investment instruments, Fixed Deposits schemes also attract taxes. A TDS of 10% is deducted on the returns accrued from an FD if the total interest exceeds Rs. 10,000 in a single financial year. Let's compare this to the SIP scheme and you can see that SIPs are more beneficial in the long term. Since long-term gains from equity are tax-free, any SIP which invests in ELSS (Equity Linked Mutual Funds) is also tax-free after one year.

Although, FD has been one of the most preferred way of saving money since a long time, young investor are choosing stock markets over the traditional way of saving to outperform inflation. Here is a basic comparison for FD vs Stocks, which is a better investment option.

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