# FD return calculator: How to estimate your earnings on fixed deposits

You can use the calculator to calculate how much interest you can earn by investing in an FD for a specific amount of time. The maturity amount is determined using an online FD calculator with annual compound interest.

The amount you place into a fixed deposit earns interest at the current FD interest rate. Utilising this interest, which continues to compound over time, will help you expand your savings. All of these parameters might be difficult and time-consuming to calculate manually. You may now estimate the interest gains and FD maturity amount without difficulty using the FD return calculator.

Using an FD return calculator, you can compare the maturity amounts and interest rates of FDs provided for different investment amounts.

## What is a cumulative fixed deposit?

Your interest is compounded and paid at maturity when you invest in a cumulative fixed deposit. You may assess your results with the help of the online FD interest calculator.

## What is a non-cumulative fixed deposit?

You can get interest payments on a non-cumulative fixed deposit on a regular basis. These payout options include monthly, quarterly, half-yearly, and annual payouts. Use the FD interest calculator to calculate your interest and establish the distribution amounts according to your investment.

## How to use the online FD calculator?

The FD return calculator aids in calculating your investment’s interest and maturity amount. Follow the below procedures for utilising the FD calculator:

Step 1- Select a customer category, such as those under 60 or senior citizens.

Step 2- Move the slider to select the investment amount or enter the investment amount.

Step 3- Enter the tenure or use the slider to choose.

Step 4- Choose your preferred method of payment, such as monthly, quarterly, half-yearly, or yearly interest payments, or at maturity.

The formula for the FD maturity amount is A = P(1+r/n)^n*t

Here, A denotes the maturity amount, and P denotes the principal amount. r denotes the interest rate, and t denotes the number of years. n denotes the frequency of compounded interest.

Below are the interest rates and maturity amounts for customers under the age of 60 for an investment of Rs. 15,000.

 Period in months Interest rate per annum Interest earned (Rs.) Maturity amount (Rs.) 12 7.40% 1,110 16,110 18 7.40% 1,695 16,695 33 7.75% 3,418 18,418 44 7.95% 4,857 19,857 60 7.65% 6,685 21,685

Below are the interest rates and maturity amounts for elderly citizens for an investment of Rs. 15,000.

 Periods in months Interest rate per annum Interest earned (Rs.) Maturity amount (Rs.) 12 7.65% 1,148 16,148 18 7.65% 1,754 16,754 33 8.00% 3,536 18,536 44 8.20% 5,026 20,026 60 7.90% 6,938 21,938