FD Interest Calculation Examples - ₹10,000 for next 5 Years | Fixed Deposit Calculator

FD Interest Calculation Examples - Rs. 10,000 for next 5 Years | Fixed Deposit में कितना Interest मिलेगा
In this video by FinCalC TV we will see FD Interest Calculation examples on Rs. 10,000 FD for next 5 years with different FD interest rates in SBI, HDFC, ICICI banks, etc. in hindi using FD Calculator or Fixed Deposit Calculator.

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WHAT IS FD?
FD full for in Fixed Deposit, also known as Term Deposit. FD can be booked in any nationalized or private banks or in post office in India. The main goal of booking FD should be to use the invested amount in some future buying.

For example, you have enough amount to buy a new smartphone with a budget of Rs. 10,000, but you can wait for the next 1 year to check if you get a good deal within your budget with upcoming new smartphones. So you can book an FD for 1 year, post which, you can use the fund to buy a new smartphone of your choice. And this is how, you should link your FD investment to your goals.

You get additional interest amount as bonus, higher than savings account in Fixed Deposits.

HOW FD CALCULATOR WORKS?
FD Calculator helps you to know how much interest you can earn if you book a FD with specific amount, with interest rate and tenure provided to the calculator. This will help you plan your investments for goals accordingly.

There are 2 types of FD:

- Cumulative Fixed Deposits: A type of FD that helps you accumulate interest amounts that you gain every quarter. This interest amount helps you earn more interest over long run which is known as Compounding. Compounding in FD usually happens on quarterly basis, which means, your interest calculated every month will be added to your balance every quarter. This increase in balance will help you earn more interest in upcoming quarters and that is why cumulative Fixed Deposits must be preferred.

- Non Cumulative Fixed Deposits: In this type of FD you get regular payouts may be quarterly or half yearly. This payouts are usually the interest amounts you gain over a quarter of half year. Instead of adding this interest to your balance amount, it is paid out to you which you can treat as a bonuses on regular intervals.
Cumulative Fixed Deposits earn higher interest amounts compared to non cumulative fixed deposits.

HOW MUCH YOU WILL GET ON RS. 1 LAKH FD?
Based on the calculator, for FD of amount = Rs. 1 Lakh, interest rate = 4.5% and tenure = 1 Year, you’ll get total interest = Rs. 4577 and maturity amount = Rs. 1,04,577

IN HOW MANY YEARS FD WILL DOUBLE?
It depends on interest rate you are getting on FD. Senior citizens and bank staff gets higher interest rates on FD compared to others. Considering quarterly compounding, and interest rate of 5%, your investment amount will double in approx. in 14 years. So after 14 years, your FD of Rs. 1 Lakh with annual interest rate of 5%, you’ll get approx. 2 Lakh as maturity amount.

WHICH BANK FD IS BEST?
You can book FD in any bank including SBI, ICICI, Axis, etc. Above calculator gives approx. interest and maturity amounts for FDs booked in SBI as well. So above FD calculator can be treated as FD calculator for SBI.

Apart from banks, you can also check out FD interest rates in Post Office as well. Some Post offices provide higher interest rates compared to banks so they are worth checking.

DOES FD GIVE MONTHLY INTEREST?
Yes, monthly interest is calculated in FD and is compounded on quarterly basis.

INCOME TAX SAVING ON FD
You can save income tax on FD under Section 80C. But the tenure for saving income tax in FD must be 5 years. Other tenures FD cannot help you save income tax. Maximum of Rs. 1.5 Lacs can be claimed as deduction under Section 80C while saving income tax.

#fixeddeposit #fdinterestrates #fincalc
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DISCLAIMER:
Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown. It is advised to seek professional help before taking any financial decisions. The owner of this channel shall not be liable in any way.

[Kishan-dk]

1:18 muje laga tha 7 din me 3% milta hoga 😂. per ye to pure sal ka tha
Tnx bhaiya dout clear karne keliye🎉😊👍🏻

[sangitakumar]

Mujhe kisi ka v samaj me nahi aya lekin, , , apne achche se samjaya

[amarsharma]

PERFECT KNOWLEDGE... DIRECTLY SUBSCRIBED..LOADS OF RESPECT FROM NORTH EAST, ASSAM

[preetinivalkar]

Thank you so much, your portal is also very helpful.

[boomingbullstock]

Very nice information thank you so much 🙏

[mray]

Sir 60 days ke liye fd krau 1lakh to 4.5% pura intrest milega ya usme bhi sirf 2 month ka milega plz btaia sir

[mubarak]

Sir please answer me what will happen when I Do 1lk fd for month and how much intereste we get in end

[BaBa-riiq]

I have my fixed deposits in the public sector banks.i have completed my 60 years of age recently whether the additional rate of interest 0.5% (applicable for senior citizens) will be paid on my all existing fixed deposits or not? If you have any circular of RBI. For your information may I add that some public sector banks are giving this benefit. Please give your opinion.

[ManOfSteel]

5-10year compounded Kitna hoga 10lakh ka? do you know about rule of 72? 72 divide by rate of interest will give you the years in which your money is doubled.

[sapnas]

Thanks... Bro... Very well explained...

[baapbaaphotahai]

Sir please make video on best investment plan. For monthly income

[kamaltiwary]

Sir
Please Show how monthly fd calculation for premature closure and discount rate applied

[tabahigaming]

Bhai ye btao fd me interest compound nhi hota kya suppose 12 month ki fd h 10k ki pehle महीने 10k par jo interest mila h usse agle महीने 10k+interest(30days) par interest nhi milta kya dusre महीने के liye paise jyada nhi ho gye account me jitne pehle महीने थे

[izzo]

10000 पे एक दो साल के लिए 692
इतना तो कोई 1 दिन धियाड़ी करके कमा लेगा

[memerboy]

Sir mene 2017 me Bank of baroda me 50000 hajar rupiye saving account me dala tha ab vo total amount kya hoga pizz Ripley sir

[kanchanyennam]

Hi can u tell formula to calculate fd interest manually without your calculator help

[update_youth]

Brother please suggest: can I open fd for 45 or 46 days by credit card amount .. ? Because company provides 50 days no interest loan . I have icici bank saving account . And also tell me is there any maturity time boundation.and lock in period..??

[raman]

Thanks, very good explanation....u got a subscriber ❤

[satyajitmudi]

Post office ka kon sa scheme thik rahega agar 10000 monthly investment karu? Mera age abhi 24year ha.
Please koyi bata do ma investment karna chahata hun.

[aishachaudhury]

Sir kya 5000 ka fd kar sakti hu aur monthly interest milega toh main monthly interest utha sakti hu har mahine?