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Fixed Deposit (FD) Calculator

Calculate your fixed deposit maturity amount, interest earned, and payout schedule based on your deposit, rate, and tenure.

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₹
₹500 ₹500K ₹1M+
%
1% 12.5% 25%
Slide or Type Value
Yrs
1 Yr 25 Yrs
Compounding Frequency Quarterly is standard for bank fixed deposits
Maturity Returns
Total Maturity Value

$0

Principal Invested $0
Interest Earned $0
Estimated Maturity Date Computing...
Split Representation
Principal
Interest
FD Yield Guide

Fixed Deposit (FD) Calculator Guide

Fixed Deposits (FDs) offer guaranteed principal protection backed by DICGC insurance up to ₹5 Lakh per depositor per bank. Our FD calculator estimates quarterly compounding yields and total maturity returns.

What is a Fixed Deposit Calculator?

An online utility that computes total interest income and final maturity values based on principal deposit, tenure, interest rate, and compounding frequency.

Key Benefits of Using an FD Calculator

  • Guaranteed Accuracy: Calculate exact maturity payout values.
  • Frequency Options: Compare quarterly compounding vs monthly payouts.
  • FD Laddering: Plan staggered deposit tenures for liquidity.

How FD Interest is Calculated (Live Example)

Calculated using compound interest formula: A = P × (1 + r/n)^(n×t)

Principal ₹1,00,000
Tenure 3 Years
Annual Rate 7.50% p.a.
Frequency Quarterly (4/yr)
• Quarterly Rate (r/n): 7.5% / 4 = 1.875% = 0.01875
• Total Periods (n×t): 4 × 3 = 12 Quarters
• Maturity Payout (A): 1,00,000 × (1.01875)^12 = ₹1,24,972
Principal: ₹1,00,000 Interest: ₹24,972 Total Value: ₹1,24,972
1

Enter Principal

Input your lump sum deposit amount.

2

Set Rate & Tenure

Select tenure duration and interest compounding frequency.

3

View Payout

View interest earned and final maturity total.

Formula Reference

FD Formula

A Fixed Deposit (FD) is a secure investment offered by banks and financial institutions where you deposit a lump sum for a fixed tenure at a guaranteed interest rate. FDs usually c...

$$A = P \times \left(1 + \frac{r}{n}\right)^{nt}$$
View Full Formula, Step-by-Step Guide & Worked Examples
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Complete Fixed Deposit (FD) Guide & Interest Rules

01

Safe and Predictable Returns with DICGC Protection

A Fixed Deposit (FD) locks a lump sum with a bank at a predetermined interest rate for a chosen tenure, ensuring your maturity value is guaranteed regardless of market volatility. Deposits are insured by DICGC (a subsidiary of RBI) up to ₹5 Lakh per depositor per bank (principal plus interest combined), making FDs one of India's safest investment options.

02

Compounding Frequency Changes Your Effective Yield

Most Indian banks compound FD interest quarterly, but monthly, half-yearly, yearly, and simple-interest options are also common. Higher compounding frequencies generate slightly higher effective annual yields even at identical nominal interest rates.

03

Cumulative vs. Non-Cumulative Fixed Deposits

Cumulative FDs reinvest interest until final maturity, maximizing compound growth. Non-cumulative FDs pay out interest periodically (monthly, quarterly, or annually), providing steady cash flow for retirees but yielding lower total maturity returns.

04

Tax-Saving FDs (5-Year Lock-in under Section 80C)

Tax-saving fixed deposits have a mandatory 5-year lock-in period and qualify for deductions up to ₹1.5 Lakh under Section 80C (under Old Tax Regime). However, prematurely breaking a tax-saving FD is prohibited, and interest earned remains taxable based on your income slab.

05

TDS Rules on FD Interest (Section 194A)

Banks deduct 10% Tax Deducted at Source (TDS) on FD interest when total annual interest earned across all accounts in a bank exceeds ₹40,000 (₹50,000 for senior citizens). Submitting Form 15G (or Form 15H for senior citizens) prevents TDS if your net taxable income falls below the taxable slab threshold.

06

Premature Withdrawal Penalties

Withdrawing funds prior to maturity usually incurs a penal rate reduction of 0.5% to 1.0% off the effective interest rate for the actual duration held, which reduces your expected maturity yield.

07

FD Laddering Strategy for Optimal Liquidity

Instead of locking your entire savings into a single long-term FD, laddering splits capital across multiple FDs with staggered maturity dates (e.g., 1-year, 2-year, 3-year). As each deposit matures, you can either reinvest at prevailing rates or utilize funds without breaking other deposits.

08

How This FD Calculator Computes Maturity Values

The calculator applies the standard compound interest formula A = P(1 + r/n)^(nt), where P is principal, r is nominal annual interest rate, n is compounding frequency per year, and t is tenure in years. Enter custom deposit terms in days, months, or years to project accurate total interest and final maturity value.

Good to know

Questions, answered

Quick answers about how this tool works.

Yes. Fixed Deposits generally provide guaranteed returns based on the interest rate offered by the financial institution at the time of investment, provided the deposit is held until maturity.

FD interest is usually calculated using compound interest. The final maturity amount depends on the principal amount, interest rate, compounding frequency, and investment tenure.

Most banks allow premature withdrawal of Fixed Deposits, but an interest penalty or reduced interest rate may apply depending on the institution's terms and conditions.

Fixed Deposits typically offer higher interest rates than standard savings accounts, making them suitable for funds that do not need immediate access.

No. This calculator provides estimates based on the interest rate, tenure, and compounding frequency entered. Actual returns may vary depending on the specific bank, taxes, and applicable terms.

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