# FD Calculator

The online FD calculator to find the maturity value and the amount for the interest rate. Fixed deposit is a kind of saving offered by the banks for a fixed period of time. FD account is beneficial for long term investment, as customers can get a high-interest rate for the invested amount at the end of the maturity period. Enter the principal, rate of interest and period in the fixed deposit interest & maturity calculator to calculate the maturity value.

## Fixed Deposit Interest & Maturity Calculator

Code to add this calci to your website

#### Formula:

A = P x (1 + r/n)^{nt}
I = A - P
** Where, **
A = Maturity Value
P = Principal Amount
r = Rate of Interest
t = Number of Period
n = Compounded Interest Frequency
I = Interest Earned Amount
Fixed deposit is also called as term deposit or FD. It is more beneficial than savings account. Another type of term deposit is recurring deposit.

### Example:

What is the maturity value of a principal amount of Rs.50,000 invested annually at 5 % for 3 years.

#### Step 1 : Frequency is annually

Hence n = 1

#### Step 2 : Maturity value

= 50000 * (1 + 0.05 / 1)^{1*3}

= 50000 * (1.05)^{1*3}

= 57881. 25

#### Step 3 : Interest Earned Amount

= 57881.25 - 50000

= 7881.25