Fixed deposit (FD) calculator
See what your fixed deposit will be worth at maturity and how much interest it earns.
Example result
- Maturity value
- ₹1,41,478
- Deposit
- ₹1,00,000
- Interest earned
- ₹41,478
Year-by-year
| Year | Value |
|---|---|
| 1 | ₹1,07,186 |
| 2 | ₹1,14,888 |
| 3 | ₹1,23,144 |
| 4 | ₹1,31,993 |
| 5 | ₹1,41,478 |
How this is calculated
Maturity = P × (1 + r ÷ n)n × t
where n is the number of compounding periods per year (4 for quarterly), r the annual rate and t the tenure in years. Values are before TDS and income tax.
Questions
How do banks compound FD interest?
Most Indian banks compound cumulative FDs quarterly. Non-cumulative FDs pay interest out monthly or quarterly instead, so the maturity value equals the deposit.
Is FD interest taxable?
Yes, at your income-tax slab rate, and banks deduct TDS above a threshold. This calculator shows pre-tax values.
Estimates for educational purposes only. Not financial, tax or investment advice.