FD Calculator
Find the maturity amount and interest on a bank or post office fixed deposit, compounded quarterly like most banks, for any amount, rate and term.
Runs in your browser. Nothing is uploaded.
About the FD Calculator
A fixed deposit locks your money for a set term at a fixed interest rate, which makes it one of the most common ways to save safely in India. Banks usually add the interest every quarter, so a cumulative FD earns interest on its interest and pays out more than the headline rate suggests.
Enter the deposit, the rate offered and the term. The calculator compounds the interest quarterly by default (you can choose monthly, half-yearly or yearly), shows the maturity amount, the interest earned, the effective yearly rate and a year-by-year table. It also shows what you would receive every quarter if you chose a quarterly payout instead of reinvesting.
How to use the FD Calculator
- 1
Enter the deposit amount and the interest rate your bank offers.
- 2
Enter the term in years or months.
- 3
Keep Quarterly for most bank FDs, or pick the compounding your bank states.
- 4
Read the maturity amount and interest earned, and the quarterly payout alternative.
Examples
1,00,000 at 7% for 5 yearsInterest earned: ₹41,477.82
Maturity amount: ₹1,41,477.82
Effective yearly rate: 7.19%5,00,000 at 7.25% for 3 yearsInterest earned: ₹1,20,273.50
Maturity amount: ₹6,20,273.50
Effective yearly rate: 7.45%Good to know
- TDS and income tax on FD interest are not deducted.
- Banks may calculate the last part-quarter slightly differently; the difference is usually a few rupees.
- Senior citizen and special-tenure rates vary by bank; enter the rate you are offered.
Frequently asked questions
How is FD interest calculated?
For quarterly compounding: maturity = P × (1 + r ÷ 4)^(4 × t), where r is the yearly rate ÷ 100 and t the term in years. Each quarter's interest is added to the deposit and earns interest after that.
Is FD interest taxable?
Yes. It is added to your income and taxed at your slab rate, and banks deduct TDS once the interest crosses the yearly limit. Tax-saver FDs (5 years) qualify for a deduction under the old regime.
Cumulative or payout FD?
A cumulative FD reinvests the interest and pays everything at maturity, which earns more. A payout FD sends the interest to you every month or quarter, which suits regular income needs.
Is anything I enter saved?
No. The calculation runs on your device and nothing is stored or sent anywhere.
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