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FD Calculator — Fixed Deposit Maturity & Interest Calculator (India)

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FD Calculator

Find out what your fixed deposit will be worth at maturity, with quarterly compounding — the Indian bank standard.

Maturity value—
Interest earned—
Deposit amount—

Calculated as A = P × (1 + r ÷ (100 × f))f × t. Bank FD rates change from time to time — check your bank's current rate before you invest. TDS may apply on FD interest.

How a fixed deposit works

A fixed deposit (FD) is one of the simplest and safest ways to save in India: you deposit a lump sum with a bank for a chosen period, and the bank pays you a guaranteed rate of interest. Most Indian banks compound FD interest every quarter, which is why this calculator uses quarterly compounding by default. The result shows your maturity value — the total you receive at the end — and the interest earned on top of your deposit. Small rate differences matter more than most people expect: even half a percent extra can add thousands of rupees on a large deposit over five years, so it is worth comparing banks before you book. Remember that FD interest is taxable, and TDS is deducted if your interest crosses the yearly limit, so your in-hand amount may be slightly lower.

Frequently asked questions

Why quarterly compounding?

Most banks and NBFCs in India compound FD interest every three months. Quarterly compounding earns a little more than yearly compounding at the same stated rate, because your interest starts earning interest sooner.

Is FD interest taxable?

Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct TDS when the interest paid to you in a financial year crosses the prescribed limit (currently ₹40,000, or ₹50,000 for senior citizens).

What if I break my FD early?

Banks usually pay the interest rate for the period the deposit actually ran, minus a penalty of about 0.5%–1%. Check your bank's premature withdrawal rules before booking a long FD.

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