A fixed deposit (usually abbreviated as FD), offered by both banks and companies, is a fixed sum of money that is held in a savings account for a set period of time, thereby earning you a fixed rate of interest in return. Interest can be paid monthly, quarterly, half-yearly or yearly. It is a great way to earn more interest on your savings than a regular savings account.
Use this calculator to work out the annualized interest rate on your investment, or to help you decide how much to invest, or to work how much money your investment could earn for you.
FD Calculator to Calculate the Return and Fixed Deposit Interest Rates on your investment. Input your investment amount, FD Period & Interest Rate to know your mature amount.