Fixed Deposits grow your money at a fixed rate with compounding. This guide explains the formula and usage.
How to use
- Enter deposit amount, annual rate, years, and compounding.
- Click Calculate to see maturity and interest.
- Open FD Calculator
Formula
Maturity A = P * (1 + r/n)^(n*t) Interest = A - P
Tips
- Compare tenures and compounding frequency.
- Consider tax treatment of interest.