FD Calculator
Fixed Deposit maturity with quarterly compounding
Calculate maturity value and interest earned on bank Fixed Deposits. Choose compounding frequency — monthly to yearly.
Beat FD returns safely.
Our planners show debt MF + small-finance-bank ladders that beat FDs after tax. Free demo.
What is a FD Calculator?
A Fixed Deposit (FD) is the simplest, safest parking spot for idle cash in India. You lock an amount with a bank or NBFC for a fixed tenure at a fixed rate, and the bank compounds interest — usually quarterly — until maturity. Your capital is guaranteed (up to ₹5 lakh per bank under DICGC).
Our calculator supports yearly, half-yearly, quarterly, and monthly compounding — the most common frequency at Indian banks is quarterly. The formula is FV = P × (1 + r/n)^(n·t), where P is principal, r is the annual rate, n is compounding frequency per year, and t is the tenure in years.
Use it to compare FD rates across banks, decide between tenure slabs (1 year vs 5 year), and factor in the TDS and slab-rate tax that eats into post-tax returns. For most people in the 30% slab, a 7% FD becomes a 4.9% post-tax return — so weigh it against debt funds, PPF, and SSY.
Why use this FD Calculator
Built for Indians, by Indians. Every number, every formula, every slab — tuned to FY 2026-27 reality.
Exact maturity
Uses the standard compound interest formula banks use — accurate to the last paisa.
4 compounding options
Yearly, half-yearly, quarterly, monthly. Most Indian banks compound quarterly by default.
Senior citizen rates
Pre-set button for 0.5% extra senior citizen rate — the single biggest FD hack.
Private & instant
Fully in-browser. No signup, no tracking, no data shared.
Using the FD Calculator in 4 steps
No onboarding, no signup. Answer three fields and the numbers update live.
Enter deposit amount
Your principal. Banks allow FDs from ₹1,000 upward; ₹5 lakh+ can negotiate a better rate.
Enter interest rate
Use the rate on the bank's FD card for your tenure. Senior citizens get 0.5% extra at most banks.
Pick tenure
1 year to 10 years. Tax-saver FDs are 5 years with 80C benefit (but locked).
Choose compounding
Default to quarterly — that's the Indian banking standard. Monthly compounding helps slightly but is rare.
Tips to get the most out of it
For deposits above ₹2 lakh, split across 2–3 banks. DICGC insurance caps at ₹5 lakh per depositor per bank.
If you're in the 30% slab, consider debt mutual funds for 3+ year horizons — potentially better post-tax returns (though not guaranteed).
Use 5-year tax-saver FDs only if you've exhausted other 80C options. PPF and ELSS typically beat them on post-tax return.
Form 15G/15H can avoid TDS if your total taxable income is below the basic exemption limit — submit at start of each FY.
Renew with auto-credit only if the renewal rate is still competitive. Rates change — always check before the maturity date.
Real-world scenarios
How Indians actually use this calculator — concrete inputs, concrete outcomes.
₹5L at 7%, 5 years, quarterly
Maturity ≈ ₹7,06,000. Interest earned ≈ ₹2.06 lakh. Post-tax (30% slab) ≈ ₹1.44 lakh — real return ~6% in a 6% inflation world: zero.
₹10L at 7.5%, 3 years, quarterly
Maturity ≈ ₹12.49 lakh. Interest ~₹2.49 lakh. Good for 2–3 year goals where FD risk profile matches.
₹1L at 8.5% (senior citizen), 5 years, quarterly
Maturity ≈ ₹1.52 lakh. Seniors' 0.5% bonus compounds meaningfully — always opt for senior-citizen FDs if eligible.
Frequently Asked Questions
Still have a question? Our team replies within a business day.
FD interest uses compound interest: FV = P × (1 + r/n)^(n·t), where n is compounding frequency per year. Indian banks compound quarterly by default. A ₹1 lakh FD at 7% for 5 years with quarterly compounding matures at ~₹1,41,478.
Yes, fully taxable at your income slab rate. TDS of 10% is deducted by the bank if interest exceeds ₹40,000 per year (₹50,000 for seniors). Submit Form 15G/15H if your total income is below the taxable limit.
All scheduled commercial banks are equally safe up to ₹5 lakh per depositor per bank under DICGC insurance. Above that, prefer large PSU banks or top private banks. Small finance banks and cooperative banks carry marginally higher risk despite offering higher rates.
Yes, but banks charge a premature withdrawal penalty — typically 0.5–1% lower than the contracted rate. Tax-saver 5-year FDs cannot be broken before 5 years.
For short-term goals (under 2 years) and emergency funds, FDs win on certainty. For 3+ year horizons, debt funds and hybrid funds often beat FDs on post-tax returns. Equity funds beat FDs on 7+ year horizons but with volatility.
A 5-year FD that qualifies for Section 80C deduction up to ₹1.5 lakh. Interest is still taxable. Locked for 5 years — cannot be broken. Useful only if other 80C options are exhausted.
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