Calculate the maturity value and interest earned on your fixed deposit. Adjust the deposit amount, rate, and tenure to plan your savings.
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A Fixed Deposit (FD) is a safe, guaranteed-return investment where you lock a lump sum for a fixed tenure at a fixed interest rate. Interest is usually compounded quarterly. Use this calculator to see exactly how much your deposit will grow by maturity.
With compound interest: A = P × (1 + r/n)^(n×t), where P is the principal, r is the annual rate, n is the compounding frequency per year (usually 4 for quarterly), and t is the tenure in years.
Bank FD rates in India range from 6% to 7.5% p.a., with senior citizens earning an extra 0.25–0.75%. Tenures run from 7 days to 10 years. Longer tenures usually offer higher rates.
FD interest is fully taxable at your income-tax slab. Banks deduct TDS at 10% if interest exceeds ₹40,000 per year (₹50,000 for senior citizens). Submit Form 15G/15H if your income is below the taxable limit.
Interest is calculated and added to your principal every three months, so the next quarter earns interest on a larger balance. This grows your money faster than simple interest.
Yes, most FDs allow premature withdrawal with a penalty of 0.5–1% on the applicable rate. Booking a sweep-in or laddered FD reduces the cost of needing funds early.
Bank FDs are among the safest investments. Deposits up to ₹5 lakh per bank per depositor are insured by DICGC, covering both principal and interest.
Choose cumulative (reinvested) for maximum maturity value through compounding. Choose periodic payout if you need regular income, such as retirees relying on interest.