**FD Calculator:**

Fixed deposit (or term investment) is offered by many banks and non-bank financial companies. These deposit offer higher rates of interest subject to specific conditions. These deposits lock in the amount for a specified period, which may range from 7 days to 10 years.

A FD calculator is available to calculate the rate of interest as well as the total amount due at maturity. The Groww site has a very easy-to-use calculator.

**What can you do with a FD Calculator?**

Calculating an FD’s maturity can be time-consuming and complicated. A simple online FD Calculator makes it easy to calculate.

- Calculating FD maturities is complex and involves multiple variables. The Fixed Deposit Calculator does the work for you and provides accurate results at the push of a single button.
- This tool can save you a great deal of time when performing these calculations.
- You can compare interest rates and maturity amounts of different FDs by using a fixed deposit calculator. When you are armed with all of the information, it is easier to make an educated decision.

**Formula to calculate the maturity of FDs**

You can choose between two different types of FDs: simple interest and compound interest. Groww offers calculators that can be used for either type of FD.

Calculate the simple interest rate on a fixed deposit using this formula:

M = (P x R x T/100), where

- The principal deposit amount is P
- The rate of interest is expressed as a percentage per year.
- The tenure is expressed in years

If you want to deposit Rs. The equation is : If you deposit Rs.

M= Rs. M = Rs.

= Rs. 1,50,000

The FD calculator calculates compound interest FD using the formula –

M = P + P (1 + i/100 t-1).

- The principal amount is P
- The rate of interest is i per period
- The tenure

If you use the same variables as above, compound interest will accumulate.

M= Rs. 1,00,000 (1 + 10/100) 5-1

Or, Rs. 1,61,051

**What is Groww’s FD Calculator?**

Use the FD Deposit Calculator by following these steps.

- Make sure you are able to access all relevant data.
- In the appropriate slots, enter the variable values as they appear in the formula.
- Instantly, the maturity value of your FD will appear.

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**Benefits of using Groww FD Calculator India**

Calculate the amount of your FD at maturity.

These calculators have many other benefits besides the ones listed above.

- Plan your future based on the amount that you will be entitled to at the end your maturity period.
- Registered users can use both calculators for free and unlimited time.
- Compare maturity amounts of financial institutions.

You can plan your finances easily using these calculators. Our services are all free and can be used as often as desired.