Use the fixed deposit/regular deposit calculator to know the maturity amount on the basis of the investment.

A Fixed Deposit is a kind of Term Deposit with a higher interest rate (as compared to a regular savings account) and because of the high-interest rate and low risk, it's quite a popular investment choice.

FDs offer greater returns on the principal invested when compared to the returns generated from a regular savings account.

The formula for calculating the RD/FD amount:~

There are two types of FD that you may avail- simple interest FD and compound interest FD. There are calculators for both these types of FD.

The fixed deposit calculator for simple interest FD uses the following formula –

Formula : M = P + (P x r x t/100)
where ~

P is the principal amount that you deposit

r is the rate of interest per annum

t is the tenure in years

For compound interest FD, the FD return calculator uses the following
formula –

Formula : M= P + P {(1 + i/100) t – 1}

where ~

P is the principal amount

i is the rate of interest per period

t is the tenure

Information about using the RD/FD calculator

Follow the steps mentioned below to use an RD/FD deposit calculator app conveniently.

Enter the payment amount i.e; the one-time investment as fixed term
Enter the rate of interest per annum and which is also fixed
Enter the compounding frequency i.e; the frequency or number of times per year
Enter the periods until maturity i.e; the total number of years
After entering all the values click the 'Calculate' button to get the regular deposit amount (total with interest).

KEY FEATURES:~

Using RD/FD calculator app makes it easy for investors to plan their investments, before investing.
opposed to using a complicated FD calculation formula, you can use the regular deposit/fixed deposit calculator app to know your returns beforehand in just a few seconds.

The RD/FD calculator app is totally free of cost and doesn't require any personal information.

Once you know how much your Fixed Deposit will fetch you after the tenure ends, you can either choose to reinvest or withdraw the amount.

The regular deposit/fixed deposit calculator app helps an investor estimate the maturity amount and the wealth to be gained meeting his/her financial goals. The more the deposit amount for a longer period, the higher will be the applicable rate of interest and interest earned due to the power of compounding.

The regular deposit/fixed deposit calculator app only provides an estimation of wealth gained and does not provide any assurance or claim the value estimated based on the inputs provided.

The RD/FD calculator app is brought to you by PH Solution.
Download the app now!!!