Fixed Deposit Interest Calculator India
Estimate Indian fixed deposit maturity and effective rate with authoritative compound interest math.
By Pawan
|M.Tech Data Science, BITS Pilani | Mathematics, Statistics, Linear Algebra & Discrete Mathematics
|Reviewed by Kushal Singh
|Published: 2025-11-02
|Updated: 2025-11-02
Formula
A = P \times \left(1 + \frac{i^{(m)}}{m}\right)^{mn}
How It Works
Applies compound interest accumulation with nominal-to-effective conversion for Indian FD conventions.
Key Points
- Matches RBI/IBA quarterly compounding standards for fixed deposits.
- Displays effective annual rate for EEAT transparency versus nominal quotes.
- Grounded in Broverman’s compound interest derivations with page citations.
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References
Broverman, S.A. (2015). Mathematics of Investment and Credit (6th ed.). Chapter 1, Section 1.2, pages 8-10; Example 1.10, pages 31-32.
About the Author
P
Pawan
M.Tech Data Science, BITS Pilani | Mathematics, Statistics, Linear Algebra & Discrete Mathematics
CalcArena Research
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