How to calculate fixed deposit maturity amount
2 min read
The maturity amount of a fixed deposit is based on:
- Deposit amount
- Tenor
- Rate of interest
- Frequency of interest payout
Here’s how these factors affect the maturity amount.
- Deposit amount
The higher the deposit, the greater is the maturity amount. - Tenor
Longer tenors result in a 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 above-mentioned details. The calculator gives you the total maturity amount instantly, without requiring any manual work.
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