Fixed Deposit Calculator - Estimate Your Returns
Use our Fixed Deposit Calculator to plan your investments and estimate your maturity amount and interest earned. Enter your principal amount, interest rate, tenure, and compounding frequency to get started.
Start Your Fixed Deposit with Twins Consultancy
What’s This?
This Fixed Deposit Calculator estimates the maturity amount and interest earned on your FD investment, tailored for Karur residents to plan secure savings effectively.
How to Use
1. Enter your principal amount.
2. Input the annual interest rate.
3. Specify the tenure in years.
4. Select the compounding frequency.
5. Click "Calculate FD" to see your maturity amount, interest earned, and schedule.
6. Optionally, fill the lead form and click the WhatsApp button for a free consultation.
How It Works
The FD Calculator uses the compound interest formula: A = P × (1 + r/n)^(n×t), where A is the maturity amount, P is the principal, r is the annual interest rate, n is the compounding frequency per year, and t is the tenure in years. The maturity schedule shows the yearly breakdown of interest and balance.
Top 20 FAQs
What is a Fixed Deposit?
An FD is a secure investment where you deposit a lump sum for a fixed tenure at a guaranteed interest rate.
How is FD maturity calculated?
It uses the compound interest formula based on principal, rate, tenure, and compounding frequency.
What affects FD returns?
Principal, interest rate, tenure, and compounding frequency impact returns.
Is FD safe?
FDs are low-risk investments, backed by banks or NBFCs—consult us for trusted options.
What is the ideal tenure?
1-5 years is common; longer tenures offer higher returns.
Who can open an FD?
Anyone in Karur with a bank account can open an FD.
Does FD include insurance?
No, FDs are investments, not insurance products.
Can I withdraw my FD early?
Yes, with penalties—check terms with our team.
Is there a lock-in period?
FDs have a fixed tenure; early withdrawal may incur penalties.
How do I choose an FD?
Use this calculator and consult Twins Consultancy for bank comparisons.
Can I add to my FD?
No, FDs are fixed; open a new FD for additional investments.
Can I switch FDs?
You can close and reinvest in a new FD—consult us for options.
Does credit score affect FDs?
No, FDs are independent of credit scores.
Can FDs fund big purchases?
Yes, with proper planning—use this tool to estimate maturity.
What documents are needed?
KYC documents like PAN, Aadhaar—contact us for details.
How long to open an FD?
Typically 1-2 days with verified KYC.
What if the bank fails?
FDs up to ₹5 lakh are insured by DICGC—consult us for secure banks.
What if I miss renewal?
FDs auto-renew or are credited; set reminders with our help.
Can I negotiate FD rates?
Rates are fixed; compare banks with our assistance.
How do I get help?
Contact Twins Consultancy in Karur for expert FD advice.