FD Calculator
Instant results as you type.
₹
%
years
Fill in the values — results appear instantly.
For education and planning only. Your bank or lender’s actual figures can differ — fees, rounding, day-count conventions and local rules vary. Always confirm the final numbers with your provider before deciding.
An FD calculator shows what a fixed deposit will be worth at maturity, using quarterly compounding — the convention Indian banks follow. Enter your deposit, the interest rate the bank offers, and the tenure, and you'll see both the maturity amount and the interest you earn. Because the rate is locked when you open an FD, the projection is reliable rather than an estimate. It all runs on your device.
How to use it
- Enter the deposit amount and the bank's interest rate.
- Choose how many years you'll keep the money in.
- See the maturity amount and the total interest earned.
Examples
- ₹1,00,000 at 8% for 1 year → ₹1,08,243.22 at maturity.
- The extra ₹243 over a simple 8% comes from quarterly compounding.
Frequently asked questions
- How is FD interest compounded in India?
- Most Indian bank fixed deposits compound quarterly — interest is calculated and added to the balance every three months, so later quarters earn interest on that interest. This calculator uses quarterly compounding by default for that reason.
- Is FD interest taxable?
- Yes. FD interest is added to your income and taxed at your slab rate, and banks deduct TDS once interest crosses the annual threshold. The maturity figure here is before tax — your actual take-home will be lower.
- What happens if I break an FD early?
- Banks usually pay a lower rate for the period the money actually stayed, and often apply a penalty of around 0.5–1%. Premature withdrawal therefore earns noticeably less than this projection — check your bank's specific rule.
- FD vs SIP — which should I choose?
- An FD gives a guaranteed, predictable return and suits money you can't risk. A SIP into mutual funds is market-linked, so returns can be higher over long periods but are not guaranteed. Many people use both: FDs for safety and short horizons, SIPs for long-term growth.