You invest your money as lumpsum -> bank gives interest -> after certain time you get your money. Principal + Interest = Maturity Amount.
Here we have principal amount, duration, interest rate, along with that monthly/yearly selection is available. Once you enter the details, it automatically calculates the Maturity value. For the maturity value, we have easily classified the invested amount and interest earned to understand.
You invest your money in a bank, fix a tenure (make sure you receive a decent interest). When the completion of tenure you receive the maturity amount. Here you can withdraw the amount or you can also reinvest it.
An FD calculator is a free online tool that uses financial formulas to calculate the money you get as fixed interest from the bank. This shows a maturity amount that you will receive at the end of the term.
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