Here’s how these factors affect the maturity amount.
- Deposit amount
The higher the deposit, the greater is the maturity amount.
Longer tenors result in higher maturity amounts and usually carry higher interest rates.
- Interest rate
Higher FD rates result in higher maturity amounts.
- Deposit type
Cumulative FDs provide higher overall returns than non-cumulative FDs.
The easiest way to forecast your FD maturity amount is to use an online FD Calculator and add the details mentioned above. The calculator instantly gives you the total maturity amount without requiring any manual work.