Deposit calculators help you estimate how much interest you will earn on your deposits over time. You can calculate for:
- Fixed Deposits (FD): You deposit a lump sum for a fixed period at a fixed interest rate. Interest can be compounded annually, quarterly, or monthly.
- Recurring Deposits (RD): You deposit a fixed amount regularly (monthly) for a period, and interest is calculated on the cumulative balance.
Formula for fixed deposit compound interest:
Amount = Principal × (1 + Rate / n)^(n × Years)
Where:
- Principal = Initial deposit amount
- Rate = Annual interest rate (in decimal)
- n = Number of compounding periods per year
- Years = Number of years the money is deposited
Use the Deposit Calculator above to enter your deposit amount, interest rate, time period, and compounding frequency to get your total amount at maturity.