FD calculator

Work out the maturity amount of a fixed deposit

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How it works

FD stands for fixed deposit. Most Indian banks compound interest quarterly on a cumulative deposit, so ₹1,00,000 at 7% for 5 years grows to about ₹1,41,478. If you choose monthly or quarterly payouts instead, the interest is paid to you and your deposit stays the same.

A = P × (1 + r ÷ 4)^(4 × t)

In the formula, P is the deposit, r is the yearly rate and t is the time in years. Dividing by 4 reflects quarterly compounding.

Banks sometimes pay a slightly lower rate on monthly payouts. Check your bank’s figure.

Worked example. ₹1,00,000 at 7% for 5 years, compounded quarterly, is 1,00,000 × 1.0175²⁰ = ₹1,41,477.82. The interest is ₹41,477.82.

Examples

Deposit	Rate	Tenure	Maturity amount
₹50,000.00	6.5%	1 years	₹53,330.08
₹1,00,000.00	7%	3 years	₹1,23,143.93
₹1,00,000.00	7%	5 years	₹1,41,477.82
₹5,00,000.00	7.5%	5 years	₹7,24,974.01

What this tool doesn’t cover

Tax on interest isn’t included.
Senior citizen rates vary by bank, so enter your own rate.
Many banks pay simple interest on deposits under 6 months, and a slightly lower rate on monthly payouts. Your bank’s figure may differ.
This is an estimate, not financial advice.

Questions

Is FD interest taxable?

Yes. Interest is added to your income. Banks may also deduct tax at source.

Can I break an FD early?

Usually yes, but banks may reduce the interest. Check your terms.

Why quarterly compounding?

It’s the common convention at Indian banks for cumulative deposits.

How is FD maturity worked out?

Interest is added to your deposit at set times, and later interest is earned on it too. Most Indian banks compound quarterly.

What is the difference between cumulative and payout FDs?

A cumulative FD pays everything at the end, so interest compounds. A payout FD pays interest regularly, so it earns less in total.

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Built by QuickToolz. Reviewed by Atul Makwana. Last reviewed 2026-11-04.

Sources: Reserve Bank of India (opens in a new tab), SEBI investor education (opens in a new tab)