Fixed Deposit (FD) Calculator

⭐ Fixed Deposit (FD): Meaning, Benefits, Interest Rates & Calculator Guide

A Fixed Deposit (FD) is one of the most trusted and popular investment options in India. Whether you are a beginner or a regular investor, an FD helps you grow your money safely for a fixed time at a fixed interest rate. This article explains everything you need to know—meaning, types, benefits, interest calculation, and how to choose the best FD.

🔷 What Is a Fixed Deposit (FD)?

A Fixed Deposit is a financial product offered by banks and NBFCs where you deposit a lump sum amount for a fixed period at a fixed rate of interest.

At the end of the period, you get the maturity amount, which includes the principal + interest.

FD is ideal for:

• Safe investment

• Assured returns

• Short-term or long-term saving

• Senior citizens looking for higher interest

🔷 Types of Fixed Deposits

1️⃣ Regular Fixed Deposit

Deposit a fixed amount for a specific period and earn interest.

2️⃣ Tax-Saving FD

• Lock-in period: 5 years

• Tax deduction under Section 80C (up to ₹1,50,000)

3️⃣ Senior Citizen FD

• Higher interest rate (usually +0.25% to +0.75%)

• Monthly or quarterly interest payout options available

4️⃣ Recurring Deposit (RD)

Deposit a fixed amount every month instead of one lump sum.

5️⃣ Flexi Fixed Deposit

Linked with your savings account—automatic sweep-in/out facility.

🔷 Why Should You Invest in an FD? (Benefits)

✔ Safe & Secure

FDs are not affected by market ups and downs.

✔ Guaranteed Returns

Interest rate remains fixed till maturity.

✔ Flexible Tenure

Minimum 7 days to maximum 10 years.

✔ Loan Against FD

Get up to 90% loan on your FD without breaking it.

✔ Higher Interest for Senior Citizens

✔ Easy to Open

Can be opened online in minutes.

🔷 FD Interest Rates in India (2025 Overview)

(Rates vary by bank; average range given)

🔷 Example

If you deposit ₹1,00,000 at 7% annual interest for 3 years, then:

• Maturity amount ≈ ₹1,22,504

• Total interest ≈ ₹22,504

🔷 Use GSTBUY FD Calculator (Free Tool)

You can use our Fixed Deposit Calculator to instantly calculate:

✔ Maturity Amount

✔ Total Interest

✔ Compound Interest

This helps you compare banks and choose the best FD.

🔷 Tips to Choose the Best FD

✔ Compare interest rates across banks

✔ Longer tenure = higher returns

✔ Check if premature withdrawal is allowed

✔ Prefer quarterly or annual compounding

✔ Senior citizens should use special FDs for higher rates

✔ Check bank’s rating and stability