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FD Calculator

The persons who want to know the FD interest rates can find here. Get the complete details of FD.

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FD Calculator

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  1. FD Calculator Powered by www.fdcalculators.com

  2. Contents • Introduction • About FD Calculator • How to Use FD Calculator powered by www.fdcalculators.com

  3. Introduction • FD Calculator is mainly used to calculate your Fixed Deposit Maturity amount. • By using this calculator, you can know your Fixed Deposit money interest rates and maturity amount details. • The maturity amount of FD depends on the compound interest and simple interest. powered by www.fdcalculators.com

  4. About FD Calculator • Fd calculator is the only one to check your maturity amount and interest rates before depositing.  • Banks are offering higher returns on Fixed deposit savings. • It will help you to understand the break-up and returns of your investments. • The individuals can replace his/her Fixed deposit amount as usual savings. powered by www.fdcalculators.com

  5. Fixed Deposits are safer than the post office schemes. •  FD’s are increasing day by day, and today it is more popular among all the savings. • There are many advantages and benefits for Fixed depositing. • For fixed deposit the money in banks there are some terms and conditions. So, you have to agree with that conditions. powered by www.fdcalculators.com

  6. How to Use FD Calculator • The interest of your amount depends on the duration period. • The duration period is of 4 types. They are monthly, quarterly, half-yearly, and annually. • You can calculate your returning amount by simple interest and compound interest. • Before calculating the maturity amount, you have to know about simple interest and compound interest. powered by www.fdcalculators.com

  7. Compound Interest • The formula used to calculate the maturity amount is A = P(1+r/n)n*t • Where • A = Final Amount that will be received. • r = Annual nominal interest rate as a decimal that is if the interest is paid for 5.5%. Then it will be 0.055. • P = Principal Amount of Initial Investment. • n = Number of times the interest is compounded per year. • t = Number of years. powered by www.fdcalculators.com

  8. If the monthly compound is 12, then the half year compound is 2 and the quarter are 4. • For example: • Let us take an amount of Rs.1500 and deposit in a bank for 6 years, and the annual interest rate is 4.3 % • Assume that • P = 1500 •  r = 4.3/100 = 0.043 •  n = 4 •  t = 6 powered by www.fdcalculators.com

  9. A = P(1+r/n)n*t • Substitute the given values in the above formula. • A = 1500 (1+0.043/4)4*6 = 1938.84. • Hence the balance after 6 years is Rs.1,938.84 or Rs.1939. • To know the interest amount use the formula A – P powered by www.fdcalculators.com

  10. Where • A = 1938.84  • P = 1500 • Substitute the values in the formula • A – P = 1938.84 – 1500 = 438.84 powered by www.fdcalculators.com

  11. Rs.1,00,000 * 10% = Rs.10,000 for one year. • (Rs.1,00,000 +Rs.10,000)*10 % for 2 years. • Rs.1,10,000*10% = Rs.11,000. • Rs.1,10,000 + Rs.10,000 * 10% = Rs.1,21,000*10% = Rs.33,100. • The total interest of the FD received at the end of 3 years is Rs.33,100. • For maturity level the payment at the end of the 5 years is Rs.1,00,000+Rs.33,100  = Rs.1,3,100 powered by www.fdcalculators.com

  12. Simple Interest • Rs.1,00,000 * 10% = Rs.10,000 for the duration of 1 year. • For 2 years the simple  interest is Rs.1,00,000 * 10% = Rs.10,000. • Rs.1,00,000 * 10% = Rs.10,000 for the time period of 3 years. • At the end of the 3 years, the total earned interest is Rs.30,000. To calculate the interest of half-yearly the rate is considered as 10%*6 months out of 12 months = 5%. • For quarterly, the interest rate is considered as 10% * 3 months out of 12 months = 2.5%. powered by www.fdcalculators.com

  13. Thank You For more details www.fdcalculators.com powered by www.fdcalculators.com

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