Find your Fixed Deposit maturity instantly. Enter the deposit amount, FD interest rate, tenure, and compounding frequency. The calculator shows the exact maturity value, total interest earned, and a year-wise growth schedule.
Most banks offer 6.5–7.5% for 1–5 year FDs.
Maturity amount
₹1,41,478
Principal
₹1,00,000
Interest earned
₹41,478
Principal vs. Interest
FD interest is taxable as per your income tax slab. Banks deduct TDS at 10% (20% without PAN) if annual interest crosses ₹40,000 (₹50,000 for senior citizens). Premature withdrawal usually attracts a 0.5–1% penalty.
Часть содержимого пока показывается на английском.
The fixed deposit is the workhorse of Indian household savings. According to RBI data, more than ₹110 lakh crore sits in bank term deposits across India - roughly twice the entire mutual fund industry's AUM. The reasons are familiar: a known maturity, a guaranteed rate, capital safety up to ₹5 lakh per bank under DICGC insurance, and the simplicity of a single lump-sum that returns a single lump-sum a few years later. For senior citizens, conservative investors and emergency funds, the FD remains hard to beat.
This calculator implements the standard quarterly-compounding formula used by every scheduled commercial bank in India - SBI, HDFC, ICICI, Axis, Kotak, Bank of Baroda, Punjab National Bank, Canara Bank and the rest. Plug in the principal, the rate from your bank's brochure, the tenure, and you'll get a maturity value that matches your bank's number to the rupee. Small differences (₹5-50) typically come from how a bank handles the partial quarter at the start or end of a non-round-quarter tenure.
Enter the FD principal (the lump-sum you want to deposit).
Enter the bank's FD interest rate exactly as quoted in its brochure or website.
Enter the tenure in months or years (a 543-day FD is 1.49 years).
Choose the compounding frequency. Most Indian banks compound FDs quarterly; some senior-citizen and special-tenure FDs compound monthly.
View the maturity value, total interest earned, and year-wise growth schedule.
Compare with the recurring deposit calculator if you'd rather invest monthly than as a lump sum.
A Fixed Deposit is a one-time deposit with a bank or NBFC for a fixed tenure at a fixed interest rate. Each quarter (in most cases), the bank computes the interest on your running balance, adds it to the principal, and uses the new balance for the next quarter's interest calculation. At maturity you can either withdraw the entire amount (cumulative FD) or have interest paid out monthly/quarterly during the term (non-cumulative FD).
M = P × (1 + r/n)^(n × t)
Indian banks default to quarterly compounding (n = 4) on standard fixed deposits. This is why a 7% FD yields about 7.19% effective annual return - the four times the rate compounds in a year add a small bonus over a flat 7%. The conversion from nominal rate to effective annual yield is EAY = (1 + r/n)^n − 1; you can use this calculator with t = 1 to compute it for any quoted rate.
For tenures shorter than three months, banks usually pay simple interest rather than compound. The cutover point and exact policy varies by bank - SBI's '7-179 day' bucket uses simple interest, HDFC starts quarterly compounding from day one. Read the bank's interest-calculation policy if your tenure is short.
Compounding starts on the date of deposit, not on a quarterly calendar boundary. So an FD opened on April 15 has its first quarter from April 15 to July 15, not April 1 to June 30. The maturity date is computed by adding the tenure in days (or months) to the start date - bank software does this automatically and the calculator's year-wise table mirrors this logic.
Special FD products - senior-citizen schemes, tax-saver FDs (Section 80C), green FDs - usually use the same formula but with a different rate. Tax-saver FDs lock in for 5 years and cannot be withdrawn early. Senior-citizen FDs typically pay 0.25-0.50% above the regular rate; some banks add a further 'super senior' bonus for those above 80.
M = 2,00,000 × (1 + 0.07/4)^(4×5) = ₹2,82,946. Total interest: ₹82,946. The same FD at simple interest would have earned just ₹70,000 - quarterly compounding adds nearly ₹13,000 over five years. After 10% TDS on interest above ₹40,000, in-hand interest is roughly ₹78,650.
M = 5,00,000 × (1 + 0.075/4)^(4×3) = ₹6,25,144. Total interest: ₹1,25,144. Senior citizens get higher FD rates plus a higher TDS threshold (₹50,000 instead of ₹40,000) and can usually claim TDS exemption via Form 15H if their total income is below the basic exemption limit.
M = 1,50,000 × (1 + 0.065/4)^(4×5) = ₹2,07,253. Total interest: ₹57,253. The deposit qualifies for an 80C deduction (up to ₹1.5 lakh per year combined with EPF, PPF, ELSS, etc.) so it serves a dual purpose. Trade-off: it cannot be broken or borrowed against during the 5-year lock-in.
A Fixed Deposit is a savings instrument where you lock a lump-sum with a bank or NBFC for a fixed period at a pre-agreed interest rate. It is one of the safest investment options available in India - covered up to ₹5 lakh per bank by DICGC deposit insurance.
Most Indian banks (SBI, HDFC, ICICI, Axis, Kotak, etc.) compound FD interest quarterly. The maturity formula is M = P × (1 + r/4)^(4t), where r is the annual rate and t is the tenure in years. Small finance banks sometimes use monthly compounding which produces a slightly higher maturity for the same headline rate.
Yes. Interest earned on FDs is fully taxable as 'income from other sources' at your slab rate. Banks deduct TDS at 10% if the annual interest exceeds ₹40,000 (₹50,000 for senior citizens). If your total income is below the taxable threshold, submit Form 15G or 15H to avoid TDS.
Yes, but premature withdrawal usually attracts a lower interest rate (the 'card rate' for the actual tenure run) and a small penalty (typically 0.5-1%). Tax-saver FDs cannot be broken before 5 years under any circumstances.
Yes. Most Indian banks offer an additional 0.25%-0.50% on FD rates for senior citizens (60+). Some banks add a further 'super senior' bonus above 80. Special schemes like SCSS (Senior Citizens Savings Scheme) and PMVVY offer guaranteed rates of 7.4-8.2% even higher than bank senior-citizen FDs.
FDs offer guaranteed returns and capital safety. Debt mutual funds may offer slightly higher post-tax returns over longer holding periods, but they carry interest-rate and credit risk. For a 1-3 year horizon and below the 30% tax slab, FDs are usually equal or better.
Cumulative FDs compound interest and pay it as a lump sum at maturity - best for wealth growth. Non-cumulative FDs pay interest regularly (monthly/quarterly/annually) without compounding - suited for retirees who need a steady cash flow but produce a smaller total maturity.
Yes. Most banks offer a loan against FD up to 80-90% of the FD value at a rate roughly 1-2% higher than the FD rate. Useful for short-term liquidity needs without breaking the FD and losing premature-withdrawal interest.
Indian financial products - home loans, fixed deposits, mutual funds, NPS, insurance - each carry their own quirks: monthly reducing balance vs flat-rate interest, quarterly vs monthly compounding, indexation on capital gains, the choice between the old and new tax regime. We design every finance calculator to use the formula that an Indian bank, AMC, or insurer would actually use, and to surface the assumptions in plain English so you can audit the result against your own statement.
Use this calculator alongside the EMI, SIP and inflation calculators to plan your money holistically. A standalone EMI number means little until you compare it with your in-hand salary, your existing debt-to-income ratio, and the impact of inflation on the real cost of the loan. The related-tool grid below makes it one click to chain these analyses together.
The FD Calculator is part of the Finance suite on Online Calculator Tools, alongside 6 related calculators. All tools share the same UI patterns, the same privacy-first rendering (nothing is sent to a server), and the same commitment to showing the formula and assumptions behind every result.
