About Fixed Deposit
Fixed Deposit (FD) is a safe investment option where you deposit a lump sum for a fixed tenure and earn guaranteed interest. This calculator helps you find out the maturity value of your FD based on the principal, interest rate, tenure, and compounding frequency.
Formula Used:
where P = Principal, r = Annual Rate, n = Compounding Frequency, t = Time (years)
Maturity = P × (1 + r/n)^(n×t)where P = Principal, r = Annual Rate, n = Compounding Frequency, t = Time (years)
