Savings FD Calculator

Currency

Deposit amount

₹

Interest rate (p.a)

Tenure

Principal amount ₹1,00,000

Interest earned ₹12,000

Maturity amount ₹1,12,000

Principal amount

Interest earned

Tools

How to use Savings FD Calculator

On Verdant SIP (sip-calculator.net), this FD calculator is framed for investors balancing SIP wealth creation with home-buying goals. Systematic Investment Plans for major life goals like a home down payment. Use for long-term mutual fund SIP planning in INR.

How FD maturity is calculated

A Fixed Deposit locks a lump sum for a set tenure at a stated rate. Compounding frequency (monthly, quarterly, or yearly) changes the maturity value.

Compound interest maturity is approximately A = P × (1 + r/n)^(n×t), where P is principal, r is annual rate, n is compounding frequency per year, and t is tenure in years.

Worked example

₹5,00,000 at 7% for 5 years with quarterly compounding typically yields a higher maturity than simple annual compounding at the same headline rate.

Use the FD calculator to compare tenures and rates before booking a deposit.

FD planning tips

Ladder deposits across dates to manage reinvestment risk. Check premature-withdrawal penalties and senior-citizen rate benefits where applicable.

FD returns are generally more predictable than equity SIPs but may lag inflation after tax—match FDs to short- and medium-term goals.

Figures on Verdant SIP are estimates for education only—not financial, tax, or investment advice. Confirm rates, fees, and terms with your lender or fund house.

Commonly Asked Questions

Fixed Deposits can help you save for a down payment on your home loan, build an emergency fund for EMI payments, or create a corpus for future home-related expenses. FDs offer guaranteed returns and are ideal for short to medium-term savings goals related to home loans.

For home loan down payment, consider FDs with 1-3 year tenures. For emergency funds, shorter tenures (6 months to 1 year) provide liquidity. Longer tenures (3-5 years) offer better interest rates but less flexibility. Use our calculator to see how different tenures affect your returns.