1. What is an FD Calculator?

An FD Calculator estimates how much your deposit will grow over a chosen tenure at a given interest rate. It supports common payout frequencies (Monthly, Quarterly, Half-yearly, Yearly) and can show either interest-payout plans or cumulative (reinvested) growth.

2. How to Use the MeraDhan FD Calculator

• Select the payout frequency: Monthly, Quarterly, Half-yearly, or Yearly.
• Enter the deposit (investment) amount.
• Choose the start date and the tenure (months/years).
• Enter the offered annual interest rate (p.a.).
• Click Calculate to view the estimated maturity value and total interest earned.

3. Calculating Returns in Excel (Optional)

Prefer doing it manually? You can approximate FD growth with Excel:

• For cumulative FDs, use periodic compounding:
  =Principal * (1 + Rate/CompoundsPerYear)^(CompoundsPerYear*Years)
• For interest-payout FDs (monthly/quarterly, etc.), compute periodic interest:
  Periodic Interest = Principal * (Rate/CompoundsPerYear)
• If you have irregular cash flows (top-ups/withdrawals), you can use XIRR:
  List outflows as negative and inflows as positive, then use XIRR(values, dates, [guess]).

4. When to Use FD vs. XIRR

Use the FD Calculator for standard fixed deposits with a fixed rate and regular compounding or payouts. Use XIRR when your cash flows are irregular (e.g., SIP-like deposits or partial withdrawals) and you want an annualized return that factors in timing.

5. CAGR vs. FD (and XIRR)

CAGR assumes smooth, lump-sum growth between a start and end value. It’s great for a single buy-and-hold scenario. XIRR is better when deposits/withdrawals happen on different dates. The FD Calculator focuses on fixed-rate, bank-style deposits with defined compounding or periodic interest payouts.

6. Benefits of Using the FD Calculator

• Accurate Estimates: See maturity value and total interest for chosen tenure and frequency.
• Annualized View: Understand effective annual yield under different compounding options.
• Planning: Compare plans and align payouts (monthly/quarterly) to your cash-flow needs.
• Easy & Fast: Get instant results without manual math.

7. Important Notes & Disclaimer

• Actual bank/NBFC rates, compounding rules, and TDS (tax) may affect your real returns.
• This tool provides estimates for education/planning and is not financial advice.
• Always verify current rates, penalties, and terms with your provider before investing.

8. Need Help?

For feedback or support, write to support@meradhan.co.