How to Use Online Fixed Deposit Calculators to Calculate FD Returns
May 21, 2025

Check your Fixed Deposit (FD) returns quickly and plan your investments in a better way with the help of online Fixed Deposit Calculators. A Fixed Deposit (FD) Calculator is designed to help you calculate your FD maturity amount in a hassle-free way
It simplifies the process of calculating the maturity amount, taking into account the prevailing interest rates and the tenure of the deposit. Let's understand how FD calculators work and how you can use them to calculate FD returns.
How Does a Fixed Deposit Calculator Work?
An FD calculator functions by using specific formulas to compute the maturity amount based on the details you provide. Here’s how it works:
1. Input Data
Enter the principal amount (the initial sum you deposit), the interest rate, interest pay-out mode (monthly, quarterly or at maturity) and the tenure (the duration for which the deposit will be held) into the calculator.
2. Calculation Process
The calculator applies either the simple interest or compound interest formula to compute the maturity amount.
3. Results Displayed
The tool shows you the maturity amount (including the interest earned) that you will receive.
Components of the FD Calculator:
Example of How Fixed Deposit Calculators Work
Let’s look at an example on how the FD Calculator works:
1. Simple Interest FD Calculation:
Formula for simple interest: M = P + (P × r × t / 100); where M = maturity amount, r = rate of interest and t = Tenure.
Calculation: M = ₹1,00,000 + (₹1,00,000 × 10% × 5 / 100)
= ₹1,00,000 + ₹50,000
= ₹1,50,000
So the maturity amount is ₹1,50,000 and the interest earned is ₹50,000.
2. Compound Interest FD Calculation
Formula for compound interest:
M = P × (1 + i/100)^t
Calculation:
M = ₹1,00,000 × (1 + 10/100)^5
= ₹1,00,000 × 1.1^5
= ₹1,00,000 × 1.61051
= ₹1,61,051
So the maturity amount with compound interest is ₹1,61,051.
In this example, you can see the compound interest FD amounts to a higher maturity value compared to simple interest. You can use Ujjivan SFB Fixed Deposit Calculate to check returns on your FD investments.
Point to Note: Simple interest calculation is generally used for FDs having a deposit tenure of less than 6 months. For other tenures, compound interest calculation is used. Additionally, for non-cumulative FDs where interest pay-outs happen monthly or quarterly, the interest applicable could be lower compared to cumulative FDs where interest pay-out happens at the time of maturity.
Disclaimer: The above example is for illustration purposes only. Ujjivan SFB does not take any responsibility on the accuracy of the information provided. For Ujjivan FD rates, please click here.
Benefits of Using Fixed Deposit Calculators
1. Instant Results
It automates complex calculations that involve multiple variables, making the process quick and effortless.
2. Comparative Analysis
You can compare returns with different interest rates and tenures. This may help you plan your investments better.
3. Informed Decisions
Helps you make well-informed choices regarding your investment tenures and renewal options.
Final Thoughts
FD calculators can help you efficiently manage your fixed deposit investments. It simplifies the calculation process, offers quick results, and helps you make informed decisions about your investments. Whether you are planning for short-term needs or long-term goals.
leveraging a fixed deposit calculator ensures you optimise your returns and manage your investments effectively. Looking to open an FD online that gives you maximum convenience and higher returns? Browse through Ujjivan SFB Fixed Deposit Schemes and book an FD today!
FAQs
1. What is a fixed deposit calculator?
An FD calculator is an online tool that helps you calculate the maturity amount of your fixed deposit. You can quickly calculate your returns by entering parameters like the deposit amount, interest rate, and tenure.
2. Is FD calculated monthly or yearly by the FD calculator?
An FD calculator typically calculates the interest based on the compounding frequency specified by the bank or financial institution. The payouts can be monthly, quarterly, half yearly, or yearly. The calculator adjusts its computations according to the provided frequency to give an accurate maturity amount.
3. What are the benefits of fixed deposit calculators?
An FD calculator simplifies the process of determining the maturity amount of a fixed deposit. It saves time, ensures accurate calculations, and helps you compare different tenures and interest rates to make informed investment decisions.
4. Which bank offers best FD interest rate?
Generally, Small Finance Banks like Ujjivan SFB offers higher interest rates on FD investments compared to traditional banks. Contact the bank for more details.
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