However, in case you wish to calculate compounding on other basis say monthly, half yearly or annual basis, then use our other calculator, then click on the link : View Another Fixed Deposit Calculator - With Compounding of Interest on Monthly, Quarterly, Half Yearly or Yearly basis.
In India, banks use quarterly compound interest calculator in rupees. However, they use the same FD formula for arriving at maturity value of fixed deposits ). In India, most of the banks do the compounding on quarterly basis and thus this Fixed Deposit Calculator can be used to know the maturity value of your fixed income deposits / securities when the compounding is done on quarterly basis.įixed Deposit schemes are offered by all banks in india (FD schemes of SBI, PNB, ICICI Bank, HDFC Bank, IDBI Bank, Bank of India, Bank of Baroda, Corporation Bank are available at respective websites. It depends on the rate of interest and the frequency of compounding.
Effective yield is the actual return on your Fixed Deposit. This Fixed Deposit Calculator (FD Calculator) gives you the return on the Principal when interest is paid on quarterly compounding.
