FD Calculator — Calculate Fixed Deposit Maturity Amount
Estimate the maturity amount and interest earned on your Fixed Deposit. Enter the deposit amount, interest rate, tenure, and compounding frequency — uses the standard compound interest formula.
analyticsFD Maturity Projection
Educational illustration only. Actual returns may vary by bank.
functionsFD Formula Used
This calculator uses the standard compound interest formula for Fixed Deposits:
Where:
- A = Maturity amount
- P = Principal deposit amount
- r = Annual interest rate (in decimal)
- n = Compounding frequency per year
- t = Tenure in years
How Does an FD Calculator Work?
A Fixed Deposit (FD) calculator helps you estimate the maturity amount and interest earned on your bank or NBFC deposit. It uses the compound interest formula to project how your lump sum grows over the deposit tenure at a fixed interest rate.
For example, if you deposit ₹5,00,000 at 7.5% annual interest for 5 years with quarterly compounding, your FD would mature to approximately ₹7,24,974 — earning ₹2,24,974 in interest. The compounding frequency significantly affects the final amount — quarterly compounding earns more than annual compounding.
FD calculators are essential for comparing offers from different banks, planning for goals with guaranteed returns, and understanding the impact of compounding frequency on your earnings. Since FD rates are fixed at the time of booking, the calculator gives you an accurate projection of your maturity amount.
workspace_premiumBenefits of Using an FD Calculator
Compare Bank Rates
Quickly compare FD offers from SBI, HDFC, ICICI, and other banks. See exactly how a 0.25% higher rate impacts your maturity amount over your chosen tenure.
Plan for Goals
Know the exact deposit amount needed to reach your target — whether it's ₹10 lakh for a wedding, ₹25 lakh for a down payment, or ₹50 lakh for retirement corpus.
Understand Compounding
See how quarterly vs monthly vs annual compounding affects your interest earnings. Even with the same rate, more frequent compounding gives you more interest.
Tax Planning
Estimate your interest income for tax planning. FD interest is taxable, and TDS is deducted if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.
help_outlineFrequently Asked Questions
How is FD interest calculated in India?
Indian banks calculate FD interest using compound interest, typically with quarterly compounding. The formula is A = P × (1 + r/n)^(n×t), where P is the deposit, r is the annual rate, n is compounding frequency (4 for quarterly), and t is years. Some banks use simple interest for FDs below 6 months.
Which compounding frequency gives the highest return?
More frequent compounding gives higher returns. Monthly compounding earns more than quarterly, quarterly more than half-yearly, and half-yearly more than annual. The difference becomes more significant with larger deposits and longer tenures. Most Indian banks use quarterly compounding for FDs.
Is FD interest taxable in India?
Yes. FD interest is fully taxable and added to your income. Banks deduct TDS at 10% if total interest exceeds ₹40,000 per year (₹50,000 for senior citizens). If you don't provide PAN, TDS is 20%. You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.
What is the difference between cumulative and non-cumulative FD?
In a cumulative FD, interest is compounded and paid at maturity along with the principal — giving higher returns. In a non-cumulative FD, interest is paid out periodically (monthly, quarterly, or annually) — useful if you need regular income. This calculator shows cumulative FD returns.
Are FDs safe? What happens if a bank fails?
FDs are among the safest investments in India. DICGC (Deposit Insurance) covers up to ₹5 lakh per depositor per bank (including principal and interest). For amounts above ₹5 lakh, choose large PSU or well-rated private banks. Corporate FDs from NBFCs carry higher risk but offer higher rates.
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Pair this calculator with our educational guides for smarter financial decisions. FD vs Mutual Fund · What is SIP? · Section 80C Deductions · Emergency Fund Guide
This FD calculator is for educational and illustrative purposes only. Results are approximate estimates based on compound interest formula. Actual FD returns may vary based on bank-specific calculation methods, premature withdrawal penalties, and TDS deductions. Always confirm the exact maturity amount with your bank before investing.
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DISCLAIMER: MoneyHigh.in is an educational platform managed by Ravi Thube. All content is for informational purposes only and should not be considered as professional financial advice. We are NOT SEBI Registered Investment Advisors, NOT IRDAI licensed agents, NOT RBI authorized entities. We do NOT provide investment advisory, stock tips, buy/sell recommendations, or any financial services. Always consult a SEBI-registered professional before making investment decisions.