FD Calculator India | Fixed Deposit Interest & Maturity Calculator | Tools Calculator
Free FD calculator India. Calculate fixed deposit maturity amount, interest earned & payout options for SBI, HDFC, Post Office FDs instantly.
Compounding & Wealth Creation Formula
FV = P × [((1 + r)^n – 1) / r] × (1 + r)
- P: Monthly investment amount
- r: Monthly return rate (Annual Return ÷ 12 ÷ 100)
- n: Total number of compounding periods (Months)
Example: ₹10,000/month for 15 years at 12% CAGR yields a total wealth of ₹50.5 lakh on an investment of ₹18 lakh (wealth gain: ₹32.5 lakh).
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Frequently Asked Questions
- How much monthly SIP is needed to make ₹1 Crore?
- At 12% annual returns: ₹10,000/month for 20 years, or ₹16,000/month for 15 years, or ₹32,000/month for 10 years creates ₹1 Crore.
- What is the current PPF interest rate?
- The government-backed PPF interest rate is 7.1% per annum, compounded annually with full EEE (Exempt-Exempt-Exempt) tax-free status under Section 80C.