FD Calculator
Estimate the maturity value and interest on a fixed deposit. Adjust the amount, rate, tenure and compounding to match your bank's FD.
Maturity value
₹1,41,478
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Not financial advice. These tools are for informational purposes only. See how we calculate and our full disclaimer.
How it's calculated
A cumulative FD compounds interest each period and pays it at maturity. The maturity value is:
M = P × (1 + i/n)n·t
where P is the principal, i is the annual interest rate (as a decimal), n is the number of compounding periods per year (4 for quarterly — the most common for Indian bank FDs), and t is the tenure in years. The "Simple" option instead uses M = P × (1 + i·t), for non-cumulative payout FDs.
FD rates — top banks
Bank rate comparison coming soon.
We verify and publish FD rates from the top banks monthly, each with the date it was checked. We never show an unverified rate — see our methodology.
FD tips
- Ladder your FDs across tenures so some mature each year and you keep flexibility.
- Compare cumulative vs non-cumulative based on whether you need income now or growth later.
- Factor in tax on interest — your post-tax return can be lower than the headline rate.
Frequently asked questions
How is FD maturity value calculated?
For a cumulative FD, interest is compounded each period (most Indian banks compound quarterly) and paid at maturity, using M = P × (1 + i/n)^(n·t). A non-cumulative FD instead pays interest out periodically, so it uses simple interest on the principal.
What is the difference between cumulative and non-cumulative FD?
A cumulative FD reinvests the interest so you receive a single larger amount at maturity — best for growing a lump sum. A non-cumulative FD pays interest at regular intervals (monthly, quarterly or yearly), which suits people who need a steady income.
Is FD interest taxable?
Yes. Interest earned on a fixed deposit is added to your income and taxed at your applicable slab rate. Banks may also deduct TDS when annual interest crosses the prevailing threshold — check the current limit, which can change with each Budget.
Does a higher compounding frequency give more returns?
For the same annual rate, more frequent compounding (monthly vs quarterly vs yearly) produces a slightly higher maturity value, because interest starts earning interest sooner. The difference is small but real, which is why we let you choose the frequency.
Can I break an FD before maturity?
Most FDs allow premature withdrawal, usually with a small penalty on the interest rate. The exact penalty varies by bank and product, so confirm the terms before booking if you might need the money early.
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