Fixed deposits (FDs)

Total Investment


Rate of interest (p.a)


Time period


Investment Amount


Estimated Returns


Total Value


Invested amount
Est. returns
Understanding Fixed Deposits (FDs)

Fixed Deposits (FDs) are a straightforward and secure investment option where individuals deposit a specific amount with a bank or financial institution for a predetermined period at a fixed interest rate. This traditional investment avenue provides stability, security, and assured returns.

Benefits of having Fixed Deposits
  1. Assured Returns : FDs offer a fixed interest rate, ensuring steady and predictable growth over the investment period.

  2. Safety and Security : Backed by the credibility of the offering bank or institution, FDs are considered a safe and stable choice for conservative investors.

  3. Flexibility : Investors can choose the tenure of their FD, ranging from a few months to several years, based on their financial goals.

  4. Regular Income : Some FDs allow for periodic interest payouts, creating a steady income stream for investors.

  5. Loan Against FD : In emergencies, investors can avail of a loan against their Fixed Deposit, ensuring liquidity without prematurely breaking the investment.

Considerations for Fixed Deposits
  1. Interest Rates : Compare interest rates offered by different banks and institutions to optimise returns.

  2. Tax Implications: : The interest earned on FDs is taxable. Understand the tax implications and plan finances accordingly.

  3. Lock-in Period : FDs have a lock-in period, during which premature withdrawals may incur penalties. Choose a tenure aligning with your financial comfort.

  4. Inflation : Recognize that FD interest may not always outpace inflation, affecting purchasing power over time.

How Does a Fixed Deposit Calculator Work?

A Fixed Deposit Calculator simplifies estimating the maturity amount and interest earned on FD investments. It uses inputs such as the principal amount, tenure, and fixed interest rate to calculate:

  • Maturity Amount : The estimated investment value at the end of the chosen duration.

  • Total Investment : The total amount invested by the individual over the specified duration.

  • Interest Earned : The potential gain on the investment, calculated by subtracting the total investment from the maturity amount.

Benefits of Using a Fixed Deposit Calculator
  1. Goal Planning : Helps set realistic financial goals and understand the required investment amount.

  2. Comparison : Allows comparing potential returns with different investment amounts, tenures, and interest rates.

  3. Risk Assessment : Assesses the impact of market fluctuations on the investment.

  4. Decision-Making : Informs decisions on modifying investment strategies based on changing financial goals or market conditions.

How Does a Fixed Deposit Calculator Function?

The Formula Behind FD Maturity Calculation

FDs come in two flavours: simple interest FDs and compound interest FDs. Zactor Tech offers calculators for both.
For simple interest FDs, our calculator employs this formula:

M = P + (P x r x t/100)


P : Principal amount deposited.

r : Annual interest rate

t : Tenure in years

Below is a simplified table format example of a Fixed Deposit (FD) calculator. This is an essential illustration representation, and FD calculators may have additional features and options.

Fixed Deposit Calculator
Initial Investment (Principal Amount)₹100,000
Interest Rate (per annum)6.50% (Compounding Quarterly)
Investment Tenure2 years

YearPrincipal AmountInterest EarnedTotal Amount at Year End

How to Use Zactor Tech's Fixed Deposit Calculator
  1. Monthly Investments : Input the amount planned for monthly FD investments.

  2. Expected Annual Interest Rate : Specify the anticipated annual interest rate.

  3. Investment Duration : Define the total tenure of the FD investment in years.

Benefits of Using Zactor Tech's Fixed Deposit Calculator
  1. Ease of Calculation : Replaces manual calculations with instant and accurate results.

  2. Clear Understanding : Visual representation facilitates comprehension of FD investments and expected future value.

  3. Immediate Results : Provides immediate results, enhancing accuracy and efficiency.

Investing in FDs provides a secure avenue for wealth creation, and Zactor Tech's FD Calculator facilitates informed decision-making for individuals seeking financial stability.


FDs offer a secure and stable investment option with assured returns, making them ideal for risk-averse investors.

Visit your chosen bank or financial institution, complete the necessary paperwork, and deposit the desired amount.

Yes, the interest earned on FDs is taxable. Investors should be aware of the tax implications.

Premature withdrawals may incur penalties, and the flexibility varies based on the FD's lock-in period.

The minimum investment amount varies among banks and financial institutions. It's advisable to check with the specific provider.

Don’t let your goals slip away

Start planning your roadmap today and take control of your finances.

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