Fixed Deposit Maturity Calculator
FD Calculator - Calculate Fixed Deposit Interest Rates India
- Deposit Amount: amout you deposit
- Rate of Interest %: annual rate of interest
- Years and months: deposit duration in years and months
- Compounding Frequency: this is the frequency of compounding of interest ex: monthly, quarterly etc
Deposit Amount
20000.00
Rate of Interest
5.5%
Tenure
5 Years
Maturity
26281.33
Effective annual rate of interest
5.61 %
If you deposit 20000 for duration of 60 months at an interest rate of 5.5%, you will get 26281.33 as the maturity amount which includes interest of 6281.33 which will be 15% of maturity amount.
Fixed Deposit schedule for the principle of 20000 at 5.5% interest for 5 years
| Year | Opening Balance | Interest | Closing Balance |
|---|---|---|---|
| 1 | 20000.00 | 1122.90 | 21122.90 |
| 2 | 21122.90 | 1185.94 | 22308.84 |
| 3 | 22308.84 | 1252.53 | 23561.36 |
| 4 | 23561.36 | 1322.85 | 24884.21 |
| 5 | 24884.21 | 1397.12 | 26281.33 |