FD Calculator

Fixed Deposit Calculator

Fixed deposits or FDs refers to the type of investment offered by various banks and NBFCs. It is one of the most popular form of investment. The amount deposited under FDs cannot be withdrawn for the stated tenure.

In FD you deposit a fixed lump sum amount for a fixed period of time and at the end of that tenure you receive the principal sum that you have invested along with the compound interest.

How to use NISM’s FD calculator?

The Fixed Deposit Calculator ask the user to enter following three inputs:–

1. Deposit Amount – The amount one wish to deposit for a stated tenure.
2. Expected rate of return (per annum) – The interest rate one can expected on invested amount during the tenure of the investment.
3. Time Period / Tenure (in Yrs)– The number of years for which user money will stay invested with financial institutions (Banks, NBFCs, Company FDs etc).

The Fixed Deposit Calculator generates the following output for the user: –

• Total Invested – It let the user knows how much money s/he invested as principal amount during the investment period.
• Interest earned – It generates how much interest income added to investor portfolio on account of invested money.
• Total Value of Investment – It shows how much is the value of investor portfolio after the tenure of the investment. It includes the principal invested and interest earned thereon.

It calculates the interest amount based on compound interest. All the interest payments are considered as received at the end of the period.