Compare two Fixed Deposit schemes with different rates, compounding frequencies, or bank tenures to find the best deal.
Plan A yields more returns than Plan B.
| Metric | Plan A | Plan B | Difference |
|---|---|---|---|
| Principal Deposit | — | — | — |
| Interest Rate | — | — | — |
| Tenure (Duration) | — | — | — |
| Compounding Frequency | — | — | — |
| Total Interest Earned | — | — | — |
| Final Maturity Value | — | — | — |
Fixed Deposits are one of the safest saving options available. Unlike market-linked options, bank FDs offer fully guaranteed interest rates that are locked in when you open the deposit.
In India, each depositor in a bank is insured up to a maximum of ₹5 Lakh for both principal and interest amount by the DICGC (Deposit Insurance and Credit Guarantee Corporation).
By default, Indian banks compound FD interest on a quarterly basis. Under quarterly compounding, interest earned every three months is added to your principal, meaning you earn interest on interest.
Comparing two FDs requires looking at the compounding frequency. A monthly compounding FD will give a slightly higher yield than a quarterly compounding one at the exact same nominal interest rate.
Calculate maturity value and interest with flexible compounding options.
Compare mutual fund Systematic Investment Plans vs traditional fixed deposits.
Compare two monthly SIP schedules side by side.
Compare two bank loan EMIs side by side.
Read our in-depth articles and guides related to this tool to help you make smarter decisions.
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