FD (Fixed Deposit) Calculator

How Does an FD Calculator Work?

Simple Interest: Interest = P × R × T / 100. Earned only on the original principal amount.

Compound Annually: Interest is compounded once per year. Maturity = P × (1 + R/100)^T.

Compound Quarterly: Interest is compounded 4 times/year, producing slightly higher returns than annual compounding for the same rate and duration.