FD Calculator - Fixed Deposit Maturity Calculator
Calculate your Fixed Deposit maturity amount and interest earned. Compare FD returns across different banks and tenures with our free FD calculator.
Calculate FD
Amount you want to deposit in FD
Annual interest rate offered by the bank
Duration of your fixed deposit
Maturity Amount
₹7,07,389
Interest Earned
₹2,07,389
Effective Annual Rate
7.19%
Breakdown
Formula & Explanation
A = P × (1 + r/n)^(n×t)Where A = Maturity amount, P = Principal (deposit amount), r = Annual interest rate / 100, n = Compounding frequency (4 for quarterly), t = Tenure in years.
Calculation Examples
5-Year FD
₹5 Lakh FD at 7% for 5 years
Maturity: ₹7,10,678 | Interest: ₹2,10,678
Senior Citizen FD
₹10 Lakh FD at 7.5% for 3 years
Maturity: ₹12,50,751 | Interest: ₹2,50,751
Benefits
- Guaranteed returns
- Capital protection
- Flexible tenure options
- Loan against FD available
- Senior citizen extra rates
Use Cases
- Safe investment parking
- Emergency fund
- Retirement corpus
- Tax saving (5-year FD)
- Short-term goals
About FD Calculator
Our FD Calculator helps you estimate the maturity amount of your Fixed Deposit investment. Calculate interest earned with quarterly compounding and compare returns across different interest rates and tenures to make the best investment decision.
Frequently Asked Questions
A Fixed Deposit (FD) is a financial instrument where you deposit a lump sum amount with a bank for a fixed period at a predetermined interest rate. It offers guaranteed returns and is considered one of the safest investment options.
FD interest is typically calculated using quarterly compounding. The formula is A = P(1 + r/n)^(nt), where the interest is compounded 4 times a year for most banks.
Yes, FD interest is taxable as per your income tax slab. If interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year, TDS of 10% is deducted by the bank.
Yes, you can break your FD prematurely, but a penalty of 0.5% to 1% is usually charged on the applicable interest rate. Some banks offer no-penalty FDs at slightly lower rates.