FD Calculator
Calculate the maturity amount and interest earned on your Fixed Deposit — for all compounding frequencies and Indian bank rates.
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How to use this calculator
- 1
Enter the principal amount you are depositing.
- 2
Enter the annual interest rate offered by your bank.
- 3
Set the FD tenure in years and additional months.
- 4
Select the compounding frequency — most Indian banks compound quarterly.
Frequently asked questions
Which banks offer the best FD rates in India?
Small finance banks (Jana, ESAF, Ujjivan, AU) often offer 8–9% p.a. for 1–3 year FDs. Major banks (SBI, HDFC, ICICI) offer 6.5–7.5%. Senior citizens typically get 0.25–0.5% additional interest.
Is FD interest taxable?
Yes — FD interest is added to your income and taxed at your applicable slab rate. TDS of 10% is deducted if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H if your income is below the taxable threshold to avoid TDS.
What is the difference between cumulative and non-cumulative FD?
Cumulative FDs reinvest interest and pay maturity amount at the end — better for wealth creation. Non-cumulative FDs pay out interest at regular intervals (monthly, quarterly) — suitable for those needing regular income.
What happens if I break my FD early?
Most banks allow premature withdrawal with a penalty of 0.5–1% on the applicable interest rate for the period held. Some tax-saving FDs (5-year lock-in under 80C) do not allow premature withdrawal.
FD Calculator India — Maturity amount with quarterly compounding
How to use the fd
Use this fd to he maturity amount and interest earned on your fixed deposit — for all compounding frequencies and indian bank rates. Enter your values above and get your result in seconds. The tool is free, works on all devices, and keeps your data private — nothing is stored or shared.
How the fd works
The fd calculator uses standard formulas used in financial planning, budgeting, and investment decisions. Enter your inputs, and the tool calculates the result instantly in your browser. No server-side processing means your data stays on your device. Results update in real time as you change inputs.
How Indian banks compound FD interest
Most scheduled commercial banks in India compound FD interest quarterly, per RBI guidelines. This means interest is calculated four times a year and added to the principal, which then earns interest in the next quarter — resulting in an effective yield slightly higher than the stated rate.
FD vs other risk-free options
FDs compete with PPF (7.1%, tax-free), NSC (7.7%, 80C benefit), SCSS (8.2%, senior citizens), and liquid funds (7–8%, highly liquid). FDs offer more flexibility in tenure and usually higher rates than savings accounts, making them the go-to for short-term (1–5 year) risk-free parking.
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Results are estimates for informational purposes only and do not constitute professional financial, medical, legal, or technical advice. Read full disclaimer →