How to Calculate Fixed Deposit Maturity Amount

• Deposit amount


• Tenor


• Rate of interest


• Frequency of interest payout


 

Here’s how maturity amount is calculated:

• Deposit amount: Higher the deposit, greater is the maturity amount.


• Tenor: Usually, FDs have a lock-in period. Longer tenor results in higher maturity amount.


• Deposit type: Cumulative and Non-Cumulative FDs have different frequencies of interest payouts.


• Interest rate: Higher fd rates, higher is the maturity amount.

The easiest way to calculate the maturity amount is to use an online FD Calculator and add the above-mentioned details. The calculator gives you the total maturity amount without any manual work.