Fixed Deposit Calculator

✖Principal Amount refers to the initial sum of money invested or borrowed, upon which interest is calculated.ⓘ Principal Amount [PRT]			+10% -10%
✖Rate of Interest per Annum refers to the annualized interest rate charged on a loan or investment over one year.ⓘ Rate of Interest per Annum [R]			+10% -10%
✖Frequency of Interest Paid refers to how often the interest on a savings or investment account is credited or paid out to the account holder.ⓘ Frequency of Interest Paid [FIP]			+10% -10%
✖Number of Periods refers to the length of time over which one plans to save money for college expenses.ⓘ Number of Periods [np]			+10% -10%

✖Fixed Deposit is a financial instrument provided by banks or financial institutions where an investor deposits a sum of money for a fixed period at a fixed interest rate.ⓘ Fixed Deposit [FD]

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Formula

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Fixed Deposit

Formula

`"FD" = "PRT"*(1+"R"/"FIP")^("np"*"FIP")`

Example

`"11929.89"="1530"*(1+"0.56"/"3")^("4"*"3")`

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Fixed Deposit Solution

STEP 0: Pre-Calculation Summary

Formula Used

Fixed Deposit = Principal Amount*(1+Rate of Interest per Annum/Frequency of Interest Paid)^(Number of Periods*Frequency of Interest Paid)
FD = PRT*(1+R/FIP)^(np*FIP)
This formula uses 5 Variables

Variables Used

Fixed Deposit - Fixed Deposit is a financial instrument provided by banks or financial institutions where an investor deposits a sum of money for a fixed period at a fixed interest rate.
Principal Amount - Principal Amount refers to the initial sum of money invested or borrowed, upon which interest is calculated.
Rate of Interest per Annum - Rate of Interest per Annum refers to the annualized interest rate charged on a loan or investment over one year.
Frequency of Interest Paid - Frequency of Interest Paid refers to how often the interest on a savings or investment account is credited or paid out to the account holder.
Number of Periods - Number of Periods refers to the length of time over which one plans to save money for college expenses.

STEP 1: Convert Input(s) to Base Unit

Principal Amount: 1530 --> No Conversion Required
Rate of Interest per Annum: 0.56 --> No Conversion Required
Frequency of Interest Paid: 3 --> No Conversion Required
Number of Periods: 4 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

FD = PRT*(1+R/FIP)^(np*FIP) --> 1530*(1+0.56/3)^(4*3)

Evaluating ... ...

FD = 11929.8875441086

STEP 3: Convert Result to Output's Unit

11929.8875441086 --> No Conversion Required

FINAL ANSWER

11929.8875441086 ≈ 11929.89 <-- Fixed Deposit

(Calculation completed in 00.004 seconds)

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Created by Aashna

IGNOU (IGNOU), India

Aashna has created this Calculator and 50+ more calculators!

Verified by Keerthika Bathula

Indian Institute of Technology, Indian School of mines, Dhanbad (IIT ISM Dhanbad), Dhanbad

Keerthika Bathula has verified this Calculator and 25+ more calculators!

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Fixed Deposit Formula

Fixed Deposit = Principal Amount*(1+Rate of Interest per Annum/Frequency of Interest Paid)^(Number of Periods*Frequency of Interest Paid)
FD = PRT*(1+R/FIP)^(np*FIP)

What is Fixed Deposit ?

Fixed Deposit is a type of deposit in which a sum of money is locked for a fixed time. However, the tenure for the fixed deposit is decided by the person who invests his funds. This tenure could be anywhere from a few days to several years. The principal amount, also known as the deposit amount, is locked in for the duration of the deposit, and the investor earns interest on it. The interest rate is predetermined and typically higher than that offered on a regular savings account. Fixed deposits are considered low-risk investments as they offer guaranteed returns upon maturity. They are popular among investors seeking stable returns and capital preservation. A fixed deposit calculator is a powerful financial tool that facilitates accurate and efficient planning for individuals considering fixed deposit investments. It serves as a virtual assistant for investors, providing a systematic way to compute the maturity amount and interest earned on a fixed deposit based on user input parameters.

How to Calculate Fixed Deposit?

Fixed Deposit calculator uses Fixed Deposit = Principal Amount*(1+Rate of Interest per Annum/Frequency of Interest Paid)^(Number of Periods*Frequency of Interest Paid) to calculate the Fixed Deposit, Fixed Deposit is a type of investment in which an individual invests a lump sum amount for a specific time with a bank. The amount deposited in the FD earns interest at a fixed rate which is set at the time of the account opening. Fixed Deposit is denoted by FD symbol.

How to calculate Fixed Deposit using this online calculator? To use this online calculator for Fixed Deposit, enter Principal Amount (PRT), Rate of Interest per Annum (R), Frequency of Interest Paid (FIP) & Number of Periods (np) and hit the calculate button. Here is how the Fixed Deposit calculation can be explained with given input values -> 11929.89 = 1530*(1+0.56/3)^(4*3).

FAQ

What is Fixed Deposit?

Fixed Deposit is a type of investment in which an individual invests a lump sum amount for a specific time with a bank. The amount deposited in the FD earns interest at a fixed rate which is set at the time of the account opening and is represented as FD = PRT*(1+R/FIP)^(np*FIP) or Fixed Deposit = Principal Amount*(1+Rate of Interest per Annum/Frequency of Interest Paid)^(Number of Periods*Frequency of Interest Paid). Principal Amount refers to the initial sum of money invested or borrowed, upon which interest is calculated, Rate of Interest per Annum refers to the annualized interest rate charged on a loan or investment over one year, Frequency of Interest Paid refers to how often the interest on a savings or investment account is credited or paid out to the account holder & Number of Periods refers to the length of time over which one plans to save money for college expenses.

How to calculate Fixed Deposit?

Fixed Deposit is a type of investment in which an individual invests a lump sum amount for a specific time with a bank. The amount deposited in the FD earns interest at a fixed rate which is set at the time of the account opening is calculated using Fixed Deposit = Principal Amount*(1+Rate of Interest per Annum/Frequency of Interest Paid)^(Number of Periods*Frequency of Interest Paid). To calculate Fixed Deposit, you need Principal Amount (PRT), Rate of Interest per Annum (R), Frequency of Interest Paid (FIP) & Number of Periods (np). With our tool, you need to enter the respective value for Principal Amount, Rate of Interest per Annum, Frequency of Interest Paid & Number of Periods and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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