ToolFeather

Fixed Deposit (FD) Calculator

Work out the maturity value and interest earned on a fixed deposit for any tenure and compounding frequency.

FD Calculator

Invested
₹0
Interest earned
₹0
Maturity value
₹0

🔒 Nothing you enter is sent anywhere or stored. All processing happens in your browser.

How it works

A fixed deposit (FD) locks a sum with a bank or NBFC for a set tenure at a pre-agreed interest rate. Unlike market investments, the return is contractually fixed, which makes an FD calculator exact rather than a projection — as long as you enter the correct rate and compounding frequency.

The maturity value uses the compound-interest formula A = P × (1 + r/(100·n))^(n·t), where P is your deposit, r the annual rate, n the number of compounding periods per year, and t the tenure in years. Most Indian banks compound quarterly, which is the default here; change it to monthly, half-yearly or yearly to match your bank's terms.

The maturity amount shown is before tax. FD interest is fully taxable at your slab rate, and banks deduct TDS once interest crosses the annual threshold, so your in-hand return will be a little lower. This is an estimate and everything is computed in your browser.

Examples

₹1,00,000 at 7% for 5 years, quarterly → maturity ≈ ₹1,41,478.
₹5,00,000 at 7.5% for 3 years, quarterly → maturity ≈ ₹6,24,940.
Same deposit, monthly vs yearly compounding → monthly earns slightly more.

Frequently asked questions

Which compounding should I pick?
Most Indian banks compound FD interest quarterly. Check your deposit certificate or bank's terms and match the setting for an accurate figure.
Is the maturity amount taxed?
The interest is taxable at your income-tax slab. Banks also deduct TDS if annual interest exceeds the current threshold. This tool shows the pre-tax maturity value.
Does it work for senior-citizen rates?
Yes. Senior citizens usually get a higher rate — just enter that rate to see the enhanced maturity value.
What about premature withdrawal?
This assumes the FD runs to maturity. Breaking an FD early usually attracts a penalty and a lower rate, which this calculator does not model.
How is it different from an RD?
An FD is a single lump-sum deposit, while a recurring deposit (RD) adds a fixed amount every month. Use the RD calculator for monthly deposits.