Best way to calculate you FD Maturity Amount

Want to calculate your FD maturity yourself? Know how you can do this, what values you need to calculate the return at FD maturity and if there is any tool which can help you do this.


No matter where you are in your wealth creation journey, investing a certain percentage of your portfolio in fixed deposits is always a good idea. This is because fixed deposits offer safety along with an assured rate of return at the end of the period chosen. While other market-linked instruments may tempt you with potentially higher returns, they cannot offer the same level of safety that a fixed deposit does. Thus, a fixed deposit is an effective instrument to safeguard and grow your money for important future expenses such as buying a house, your child's education expenditure, wedding expenses, etc.

However, before you go ahead and start a new FD account, shouldn't you know just how much your investment is likely to fetch you upon maturity? How do you go about making this calculation? Of course, you can use the formula for calculating FD maturity that you learnt during your school days. But surely there must be an easier way?

What is an FD Calculator?

Fortunately, there is - an FD calculator. It is an online tool that helps you determine your FD maturity amount within just a few seconds. As a matter of fact, you can also find a post office FD calculator online as well. The best part of these calculators is that they're completely free to use and give you clarity on potential returns beforehand. Here's how you use an FD calculator to determine the maturity amount.

How to Use an FD calculator?

Whether you're using a post office FD calculator or a regular one, the process that you need to follow is nearly the same. Let's take a look:
  1. Search for and select the online FD calculator that you are comfortable with.
  2. Enter details of the fixed deposit that you wish to create such as the amount of deposit, tenure of deposit, and the rate of interest. Some calculators automatically display the prevailing rate of interest.
  3. If you're above the age of 60, ensure that you select the senior citizen option.
  4. Once you've entered all the details, click on the calculate button. Some calculators are dynamic and give you the result automatically, without the need to click on a button.
  5. The amount of money that you are likely to get upon maturity of the fixed deposit will be displayed to you along with the total interest gained during the tenure as well.


Now that you know how to use an FD calculator, you can calculate the maturity amount you will receive with a fixed deposit. Thus, you can invest an accurate amount in a fixed deposit depending on your financial goals for the future. If you are looking to invest in a fixed deposit or maybe just use an FD calculator, visit Finserv MARKETS right away. Finserv MARKETS is a one-stop shop for all your investment needs with a variety of financial products on offer. All it takes is a few minutes to get your very own fixed deposit account up and running.


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