Deposits
Fixed Deposit
Calculate FD maturity amount and returns
About the Fixed Deposit calculator
Free FD Calculator to calculate fixed deposit maturity amount & interest earnings. Compare FD rates from different banks & plan investments.
How the maths works
FD Maturity Formula
A = P × (1 + R/100)^T- A
- Maturity amount
- P
- Principal deposit amount
- R
- Annual interest rate
- T
- Time period in years
A worked example
Fixed Deposit Example
| Deposit Amount | ₹1,00,000 |
| Interest Rate | 6.5% per annum |
| Tenure | 3 years |
Maturity Amount: ₹1,20,795
How to use it
- Enter your deposit amount
- Input the FD interest rate
- Specify the deposit tenure
- Choose compounding frequency
- Get maturity amount and interest earned
What it accounts for
- Calculate FD maturity amount
- Compare different FD schemes
- Understand interest earnings
- Analyze various tenure options
- Plan your savings goals
Why it is worth working out
- Guaranteed returns with capital protection
- Predictable income stream
- Flexible tenure options
- Higher returns than savings accounts
Questions people ask
How is fixed deposit interest calculated?
Most bank FDs compound quarterly, so interest earned in a quarter starts earning interest in the next one. A ₹1 lakh deposit at 7% for three years matures at about ₹1,23,144 with quarterly compounding, against ₹1,22,504 if it compounded annually.
Is FD interest taxable?
Yes, at your slab rate, and it is taxed in the year it accrues rather than the year you receive it — so a five-year FD is taxed annually even though the money arrives at the end. TDS applies once interest crosses ₹50,000 in a year (₹1,00,000 for senior citizens), but TDS is not the whole tax — you still owe the balance if your slab is higher.
What happens if I break an FD early?
The bank recalculates interest at the rate applicable to the period the money actually stayed, not the rate you booked, and usually deducts a penalty of 0.5% to 1% on top. Breaking a 3-year FD after 8 months can leave you with less than a savings account would have paid. Laddering several smaller deposits avoids having to break a large one.
Is my money in an FD safe?
Deposits at scheduled banks are insured by the DICGC up to ₹5 lakh per depositor per bank, covering principal and interest together. Above that you are an unsecured creditor of the bank. Spread large sums across banks rather than chasing an extra half a percent at one.
Read more on this
- Corporate FDs: what the extra 2% is actually paying you for — A 9% company deposit against a 7% bank deposit is not free money. It is unsecured lending with no deposit insurance, and the history of what happens when it goes wrong.
- Post Office Monthly Income Scheme: what it pays and who it suits — A sovereign-backed monthly payout with a five-year term and a hard investment cap. The limits, the tax treatment, and the trick of pairing it with an RD.
- SCSS or a bank FD — why the order you fill them matters — For anyone over sixty, the Senior Citizen Savings Scheme beats a bank deposit on rate, on safety and on tax. The ₹30 lakh cap is the only reason to look elsewhere.
- FD laddering — liquidity and rate, without choosing between them — A single large fixed deposit forces a choice between access and yield. Splitting it across maturities removes the choice almost entirely.
This calculator is for information and education. It is not financial advice — see the disclaimer.