How to Use Online Fixed Deposit Calculators to Calculate FD Returns
July 12, 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!
Disclaimer:
The contents herein are only for informational purposes and generic in nature. The content does not amount to an offer, invitation or solicitation of any kind to buy or sell, and are not intended to create any legal rights or obligations. This information is subject to updation, completion, amendment and verification without notice. The contents herein are also subject to other product-specific terms and conditions, as well as any applicable third-party terms and conditions, for which Ujjivan Small Finance Bank assumes no responsibility or liability.
Nothing contained herein is intended to constitute financial, investment, legal, tax, or any other professional advice or opinion. Please obtain professional advice before making investment or any other decisions. Any investment decisions that may be made by the you shall be at your own sole discretion, independent analysis and evaluation of the risks involved. The use of any information set out in this document is entirely at the user’s own risk. Ujjivan Small Finance Bank Limited makes no representation or warranty, express or implied, as to the accuracy and completeness for any information herein. The Bank disclaims any and all liability for any loss or damage (direct, indirect, consequential, or otherwise) incurred by you due to use of or due to investment, product application decisions made by you on the basis of the contents herein. While the information is prepared in good faith from sources deemed reliable (including public sources), the Bank disclaims any liability with respect to accuracy of information or any error or omission or any loss or damage incurred by anyone in reliance on the contents herein, in any manner whatsoever.
To know more about Ujjivan Small Finance Bank Products Visit:"https://www.ujjivansfb.in"
All intellectual property rights, including copyrights, trademarks, and other proprietary rights, pertaining to the content and materials displayed herein, belong
to Ujjivan Small Finance Bank Limited or its licensors. Unauthorised use or misuse of any intellectual property, or other content displayed herein is strictly prohibited and the same is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would (by reason of that person’s nationality, residence or otherwise) be contrary to law or registration or would subject Ujjivan Small Finance Bank Limited or its affiliates to any licensing or registration requirements.
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.
Latest Blogs

Overconfidence Bias and Its Cost in Investing
June 24, 2025
Overconfidence is a well-documented behavioural bias in finance – often described as an “illusion of control” where investors overestimate their ability to predict or influence market outcomes.

What Makes a Savings Account Ideal for First Time Earners?
July 10, 2025
Starting your first job or gig is an exciting milestone. With your first earnings or salary in hand, one of the biggest questions is: "Where should I keep my money?"

How to Avoid Ineligible Deduction Claims While Filing ITR
July 09, 2025
Filing your Income Tax Return (ITR) for the financial year 2024-25 (Assessment Year 2025-26) requires careful attention to detail.

ITR-1 vs ITR-2: Understanding the Difference and Choosing the Right Tax Form
June 24, 2025
Filing your income tax return in India requires using the correct ITR form.

How Jewellers in India Calculate Gold Price
June 26, 2025
Gold jewellery holds a special place in Indian culture, often bought during festivals and family celebrations.
Quick Links
Registered with DICGC

