Use this Fixed Deposit calculator to estimate maturity value and interest earned.
A Fixed Deposit (FD) is a financial product offered by banks and financial institutions where you deposit a lump sum for a fixed tenure in return for guaranteed interest earnings. You get your principal plus interest at maturity.
A callable FD allows you to withdraw your money before maturity. Best for Investors who may need money urgently , Short-term or emergency funds. Most regular bank FDs in India are callable by default.
A non-callable FD cannot be withdrawn before maturity, except in rare cases like the depositor’s death.
Most banks offer an additional 0.25% to 0.50% per annum over regular FD rates to senior citizens (usually aged 60 years and above).
Check the interest payout option. Paid at maturity = Compounding and Paid periodically = Simple interest.