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FD Calculator
Enter the deposit, rate and tenure to see what your fixed deposit will pay at maturity.
Your files stay with you. Your files never leave your browser. This tool runs on your device: nothing is uploaded to our servers, so there is nothing for us to store or see.
How to use it
- Enter the deposit amount and the interest rate.
- Enter the tenure in years and months.
- Pick how the interest compounds and read the maturity amount.
Where it helps
Pick a tenure
See how much one extra year adds to the maturity amount.
Senior citizens
Enter the higher senior rate to see the difference it makes.
Good to know
Stays in your browser
Numbers you type are worked out on your device and never sent to our servers.
Interest is taxable
FD interest is taxed at your slab rate; TDS may apply.
The bank's receipt is final
Banks may count days differently, so small gaps are normal.
Questions people ask
How much will a fixed deposit pay at maturity?
Enter the deposit, the interest rate and the tenure in years and months, then pick how interest compounds. Quarterly is what most Indian banks use. The tool shows the maturity amount, the interest earned and the effective yearly return. ₹1 lakh at 7% for five years, compounded quarterly, matures at about ₹1,41,478.
- Quarterly Most banks. Default option.
- ₹1,41,478 ₹1 lakh, 7%, 5 yrs. Quarterly compounding.
- 7.19% Effective at 7%. Quarterly vs yearly.
- 5 Compounding choices. Monthly to yearly.
How do banks compound FD interest?
Most Indian banks compound fixed deposit interest every quarter. ₹1,00,000 at 7% for five years, compounded quarterly, matures at about ₹1,41,478. Choose 'Compounded quarterly (most banks)' unless your bank's FD advice says otherwise, and the result should be very close to the bank's own figure.
Is FD interest taxable?
Yes. Interest on a fixed deposit is added to your income and taxed at your slab rate. Banks deduct TDS once your interest from that bank crosses a yearly limit, which is higher for senior citizens. Confirm the current limit with your bank, and submit Form 15G or 15H if you qualify.
Why is my bank's maturity figure slightly different?
Banks may count tenure in days rather than months, round the interest each quarter, or offer a special rate for certain tenures and senior citizens. Small gaps of a few rupees are normal. The figure on your bank's FD receipt or advice is the one that counts.
What is the effective yearly return?
It's the yearly rate that would give the same maturity amount with interest added just once a year. Quarterly compounding makes a 7% FD earn about 7.19% a year. It's the fairest way to compare an FD with a bond, a post office scheme or a debt fund.
What does 'paid at maturity (simple interest)' mean?
Some short deposits, often under six months, pay simple interest at maturity with no compounding. Choose this option for those. It's also useful to see how much compounding adds: the same rate and tenure with quarterly compounding will always pay a little more. Your bank's FD advice says which method it uses.
Should I choose monthly interest payout?
A monthly or quarterly payout FD pays interest into your account instead of adding it to the deposit, so it doesn't compound. That suits retirees who need regular income. This tool shows the cumulative FD, where interest is reinvested, which always ends with a higher total.
Do senior citizens get a higher FD rate?
Most banks pay senior citizens an extra 0.25% to 0.75% a year. Enter the senior rate shown on the bank's website to see the difference. On ₹5 lakh over five years, an extra half a percent can add more than ₹15,000 to the maturity amount.
What happens if I break an FD early?
Banks usually pay the rate for the period the money actually stayed, minus a penalty of around 0.5% to 1%. That can wipe out a good part of the interest. If you might need the money, split it into two or three smaller FDs so you only break one.
Is my FD safe?
Deposits in a bank are insured by DICGC up to ₹5 lakh per depositor per bank, including interest. Small finance banks and co-operative banks offer higher rates but check the bank's health before depositing large amounts. Company FDs aren't covered by this insurance. Spreading large sums across banks keeps more of it insured.
Which tenure gives the best return?
Banks set different rates for different tenures, and the highest rate is often on a specific band such as 400 days or two to three years. Check your bank's rate card, then use this tool to compare the maturity amounts for two or three tenures side by side.
How is an FD different from an RD?
An FD takes one lump sum at the start. An RD takes a fixed amount every month. At the same rate, an FD earns more, because the whole amount earns interest from day one. Use the RD calculator if you plan to save a set sum from your salary each month.
Is the calculator right for tax-saving FDs?
Yes, for the maths. Tax-saving FDs have a five-year lock-in and, under the old tax regime, can qualify for a deduction under section 80C. Enter five years as the tenure. The interest is still taxable, so the real benefit is smaller than it first looks.
Is anything I enter stored?
No. Everything is worked out in your browser and nothing is sent to our servers. There's no sign-up and the page saves nothing after you close it, so you can compare deposits of any size without sharing your savings with anyone. Close the tab and every figure is gone.
Does it work on a phone?
Yes. The fields open the number keypad, the compounding choices sit in a dropdown and the maturity amount shows straight away. It works in any mobile browser, which makes it handy to compare rates while you're at the bank or reading its app. No app or account is needed to use it.
Is the FD calculator free?
Yes, free with no sign-up and no limit. It's one of the free finance calculators from Marketiism, alongside the RD, compound interest and PPF tools. Marketiism makes software for small businesses and doesn't sell deposits or financial products. Use it as often as you like when comparing bank rates.
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