Get the complete details of FD. Check the features and interest rates of the Fixed deposit through FD Calculator.

1. FD Calculator
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2. Contents
 Introduction
 About FD Calculator
 How to Use FD Calculator
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3. Introduction
 FD Calculator is mainly used to calculate your Fixed Deposit
Maturity amount.
 By using this calculator, you can know your Fixed Deposit money
interest rates and maturity amount details.
 The maturity amount of FD depends on the compound interest and
simple interest.
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4. About FD Calculator
 Fd calculator is the only one to check your maturity amount and
interest rates before depositing.
 Banks are offering higher returns on Fixed deposit savings.
 It will help you to understand the break-up and returns of your
investments.
 The individuals can replace his/her Fixed deposit amount as
usual savings.
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5.  Fixed Deposits are safer than the post office schemes.
 FD’s are increasing day by day, and today it is more popular among
all the savings.
 There are many advantages and benefits for Fixed depositing.
 For fixed deposit the money in banks there are some terms and
conditions. So, you have to agree with that conditions.
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6. How to Use FD Calculator
 The interest of your amount depends on the duration period.
 The duration period is of 4 types. They are monthly, quarterly,
half-yearly, and annually.
 You can calculate your returning amount by simple interest and
compound interest.
 Before calculating the maturity amount, you have to know about
simple interest and compound interest.
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7. Compound Interest
 The formula used to calculate the maturity amount is A =
P(1+r/n)n*t
 Where
 A = Final Amount that will be received.
 r = Annual nominal interest rate as a decimal that is if the interest is
paid for 5.5%. Then it will be 0.055.
 P = Principal Amount of Initial Investment.
 n = Number of times the interest is compounded per year.
 t = Number of years.
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8.  If the monthly compound is 12, then the half year compound is 2
and the quarter are 4.
 For example:
 Let us take an amount of Rs.1500 and deposit in a bank for 6 years,
and the annual interest rate is 4.3 %
 Assume that
 P = 1500
 r = 4.3/100 = 0.043
 n = 4
 t = 6
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9.  A = P(1+r/n)n*t
 Substitute the given values in the above formula.
 A = 1500 (1+0.043/4)4*6 = 1938.84.
 Hence the balance after 6 years is Rs.1,938.84 or Rs.1939.
 To know the interest amount use the formula A – P
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10.  Where
 A = 1938.84
 P = 1500
 Substitute the values in the formula
 A – P = 1938.84 – 1500
= 438.84
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11.  Rs.1,00,000 * 10% = Rs.10,000 for one year.
 (Rs.1,00,000 +Rs.10,000)*10 % for 2 years.
 Rs.1,10,000*10% = Rs.11,000.
 Rs.1,10,000 + Rs.10,000 * 10% = Rs.1,21,000*10% = Rs.33,100.
 The total interest of the FD received at the end of 3 years is
Rs.33,100.
 For maturity level the payment at the end of the 5 years is
Rs.1,00,000+Rs.33,100 = Rs.1,3,100
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12. Simple Interest
 Rs.1,00,000 * 10% = Rs.10,000 for the duration of 1 year.
 For 2 years the simple interest is Rs.1,00,000 * 10% = Rs.10,000.
 Rs.1,00,000 * 10% = Rs.10,000 for the time period of 3 years.
 At the end of the 3 years, the total earned interest is Rs.30,000. To
calculate the interest of half-yearly the rate is considered as 10%*6
months out of 12 months = 5%.
 For quarterly, the interest rate is considered as 10% * 3 months out of
12 months = 2.5%.
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13. Thank You
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