HDFC FD Calculator

The HDFC FD online calculator is a simple and convenient tool to calculate an FD's maturity amount for a given investment, rate of return, and duration.

Fixed deposits (FDs) are a popular, risk-free investment option that gives a rate of return usually higher than savings deposits. The rate of return is fixed. Hence you can calculate the final maturity amount that you will get for a particular investment by a given formula. In order to make the above calculation, you either have to do the fairly complex math manually, or you can simply use an online FD calculator.

The online HDFC FD calculator of Angel One is a tool to help you calculate all the maturity amounts for various investment amounts, interest rates and durations for HDFC FDs.

For example, suppose you want to invest Rs. 5,00,000 for 5 years. There is an FD that gives 5.75% interest. In order to calculate the interest amount, you simply have to:

1. Go to the HDFC FD calculator page on the Angel One website
2. Enter Rs. 5,00,000 under “Total Investment”
3. Enter the interest rate as 5.75%
4. Enter the duration as 5 years

You will then automatically find the future value of the investment at the end of 5 years to be Rs. 6,66,824 and the estimated return to be Rs. 1,66,824.

1. Estimate returns in advance - The online FD calculator tells you the final maturity amount you will receive from investing in an FD with a certain amount, interest rate and time period.
2. Free, accurate and easy to use - The calculator can be used for free from home using a phone or laptop. It gives immediate, error-free results every time (which may not be the case when done manually).
3. Comparing various investment options - Easy and fast calculations allow an investor to compare an FD against several alternative investment FDs offered by other banks, as well as the returns from different durations for the same fixed deposit.

1. Regular Fixed Deposits - This is the normal fixed deposit offered by the bank - it has an additional 0.75% interest for senior citizens.
2. HDFC Bank HealthCover FD - The added advantage here is that for booking a Health Cover FD, hospital cash cover may be provided to an investor, the exact amount being dependent on the level of investment.
3. Five Year Tax Saving FD - This allows you to save taxes under Section 80C of the Income Tax Act. It has a 5-year lock-in period.
4. FCNR Deposits - These accounts will allow you to hold money in up to six different currencies and repatriate the principal and interest.
5. Non-Withdrawable Deposits - No premature or partial withdrawals are allowed in case of such deposits. The minimum amount is Rs. 2 crores.

1. Principal amount - The principal is the amount that you initially invested. Any earnings over and above the principal are the interest earned. The higher the initial investment, the higher the maturity amount will be.
2. Rate of interest - The interest rate is the return that the investment gets at the end of every period, calculated as a percentage of the principal. Therefore, the interest rates are directly proportional to the principal.
3. Tenure of investment - This is the period when the principal remains invested. The higher the tenure of the investment, the higher the interest earned.
4. Frequency of compounding - This means how frequently the interest is calculated and added to the principal within a given period. Higher the frequency of compounding, the higher the interest earned because the effect of compounding is repeated a higher number of times.
5. Taxation - A higher tax rate means you get less return for the same principal, interest, and investment tenure.
6. Inflation - Even if you earn a high return on your FD, a high inflation rate may reduce the real value of your return, i.e., compared to your expenses.