Fixed Deposit
Calculate maturity amount with compound interest precision.
Total principal amount you want to convert to FD.
$
Annual interest rate offered by the bank.
%
Duration of the deposit in years.
Yr
Maturity Amount
$ 0
Total Interest Earned: 0
Returns
Total Interest
0
Principal
Invested Amount
0
Growth Chart
Documentation
How FD Works
Fixed Deposits guarantee a return on your investment for a fixed tenure. Interest is typically compounded quarterly.
Compound Interest
"Interest is earned on the principal plus previously accumulated interest."
The Math
A = P × (1 + r/n)^(n × t)
Where: A = Maturity Amount, P = Principal, r = Annual Interest, n = Compounding Freq, t = Years.