Online Fixed Deposit (FD) Calculator
Plan for Your Future with Ease!
Use our free FD Calculator to estimate how much you can accumulate through fixed deposits over time. Simply enter the following details to get an accurate calculation:
● Rate of Interest
● Time Period
● Compounding Period
With these inputs, our calculator will help you determine the total FD amount you’ll earn over your chosen period. Start planning your savings today!
Overview of FD Calculator
A common long-term investment choice for people wishing to safeguard their financial future is a fixed deposit (FD). Investors can select a set period of time for the bank to hold their deposit while using FDs. FDs are a great option for accumulating wealth over the long term because they often offer higher interest rates than traditional savings accounts.
At GTS, we provide a free FD Calculator to help you calculate the maturity amount of your investment. By entering the principal amount, interest rate, and time period, you can easily determine the total value of your FD at the end of the investment term. This tool simplifies your planning for future financial goals.
Formula to Calculate Compound Interest
The formula for calculating compound interest is:
A = P × (1 + r/n)^(nt)
Where:
● A = Total amount (principal + interest) after the investment period
● P = Principal amount (initial deposit or investment)
● r = Annual interest rate (in decimal form, so 5% becomes 0.05)
● t = Time the money is invested or borrowed for, in years
● n = Number of times the interest is compounded per year
This formula allows you to calculate the total amount accumulated after interest, taking into account that the interest earned is added to the principal and earns interest itself over time. The more frequently the interest is compounded (e.g., quarterly, monthly), the higher the total amount at the end of the investment period.
Advantages of Having a Fixed Deposit (FD)
1. Use as Loan Security FD can be used as collateral to secure loans. This gives you access to funding while still keeping your investment intact.
2. Loan Against FD You can borrow up to 80–90% of the value of your FD, providing you with liquidity if you need funds for urgent needs.
3. Option to Renew Upon Maturity When your FD matures, you have the option to reinvest the money into a new FD, continuing to earn interest and grow your savings.
4. Simple Investment FDs require only one deposit of money, making it a straightforward and hassle-free investment option.
5. Withdrawal Fees If you decide to withdraw funds from your FD before maturity, a penalty or fee may apply, which encourages long-term saving.
6. Great for Extra Funds If you have surplus money and want to grow your savings safely, FD programs are an excellent choice due to their stable returns and low risk.
How to Use the FD Calculator from GTS
1. Gather the Required Data: Collect your principal amount, interest rate, time period, and compounding frequency.
2. Enter the Details: Input the data into the FD calculator’s fields.
3. Get Your Maturity Amount: The calculator will instantly display your FD maturity amount, showing the total value of your deposit including interest.
Why Choose GTS
To make estimating your fixed deposit returns simple, GTS offers a free FD calculator. To gain important knowledge about the intricacies and advantages of fixed deposits, you may also schedule a 30-minute consultation with one of our legal professionals. Our procedure runs smoothly, and we provide you with frequent updates at every stage of the legal process.
It’s crucial to take into account variables like the deposit amount and any lock-in periods when making an FD deposit. You may maximize your FD investments and make educated decisions with our professional advice. We are here to help you at every stage!
FAQ
Yes, the FD calculator at GTS is completely free to use. All you need to do is enter the relevant variables (such as the principal amount, interest rate, time period, and compounding frequency), and you’ll instantly get your FD maturity amount. No charges involved!
No, using the FD calculator will only take a few seconds. Simply input the required details, and you’ll instantly get the maturity amount with no delays!
Yes, the FD calculator is 100% accurate. It uses reliable formulas to give you precise calculations of your FD returns based on the details you provide.
No, there is no limit on how many times you can use the FD calculator. Feel free to use it as many times as you need to calculate different scenarios or amounts!
There are two types of Fixed Deposit interest payout options:
1. Cumulative: Interest is compounded quarterly and paid at maturity.
2. Non-Cumulative: Interest is paid regularly, either monthly, quarterly, or at maturity.
If you choose the non-cumulative option, you can receive FD returns monthly.