FD Calculator
Calculate the maturity value of a bank or post office fixed deposit. Choose how often interest is compounded and see the effective annual yield.
- Deposit (71%)
- Interest (29%)
Interest on FDs is taxable as per your income slab. Banks deduct TDS if interest exceeds the yearly threshold, unless you submit Form 15G/15H.
Year-wise growth
| Year | Interest so far | Balance |
|---|---|---|
| 1 | ₹7,186 | ₹1,07,186 |
| 2 | ₹14,888 | ₹1,14,888 |
| 3 | ₹23,144 | ₹1,23,144 |
| 4 | ₹31,993 | ₹1,31,993 |
| 5 | ₹41,478 | ₹1,41,478 |
How to calculate FD maturity amount
- Enter the deposit amount.
- Enter the interest rate offered by the bank.
- Enter the tenure in years and months.
- Pick the compounding frequency. Most Indian banks compound quarterly.
About this calculator
For a cumulative fixed deposit, banks add interest to the principal every quarter, so you earn interest on interest. The maturity amount is A = P × (1 + r/n)^(n × t), where n is the number of compounding periods per year.
Frequently asked questions
How is FD interest calculated in India?
Most banks compound FD interest quarterly. The maturity amount is P × (1 + r/4)^(4t). For ₹1 lakh at 7% for 5 years, this gives about ₹1,41,478.
Is FD interest taxable?
Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct TDS when interest crosses the yearly threshold. You can submit Form 15G or 15H if your total income is below the taxable limit.
What is the difference between cumulative and non-cumulative FD?
A cumulative FD reinvests interest and pays everything at maturity, so it earns more. A non-cumulative FD pays interest monthly or quarterly, which suits people who need regular income.
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