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 A fixed deposit is a type of term investment offered by several banks and NBFCs. These deposits typically offer a higher rate of interest, subject to certain terms and conditions. The amount you deposit in these deposits is locked for a predetermined period which can vary between 7 days and 10 years.

An FD calculator can be used to determine the interest and the amount that it will accrue at the time of maturity. It is a simple-to-use tool available on the Groww website.

How can an FD calculator help you?

Calculating the maturity amount of an FD can be a complicated and time-consuming process. An online FD calculator enables one to figure it without breaking a sweat.

• FD maturity calculations are complex involving multiple variables. A Fixed deposit calculator does all the hard work and gives you accurate figures just at the click of a button.
• It helps you save a lot of time on these complex calculations.
• A fixed deposit return calculator enables you to compare the maturity amount and interest rates of FDs offered by different financial institutions. You can make an informed decision when you have all the figures at your disposal.