🏛️FD Calculator
Calculate the maturity value of your bank fixed deposit. Enter the deposit amount, interest rate and tenure — with quarterly compounding (the standard for Indian banks) or monthly/yearly options.
Maturity value
₹7,07,389
Interest earned
₹2,07,389
Invested
₹5,00,000
How it works
- Maturity = P × (1 + r/n)^(n·t), where P is the deposit, r the annual rate, n compounds per year (4 for quarterly) and t the tenure in years.
- Interest earned = maturity − deposit.
- Most Indian banks compound FD interest quarterly; cumulative FDs pay everything at maturity.
Frequently asked questions
How is FD interest compounded?
Most Indian banks compound quarterly. This calculator defaults to quarterly but also supports monthly and yearly compounding.
Is FD interest taxable?
Yes — FD interest is added to your income and taxed at your slab rate. Banks deduct TDS at 10% if interest exceeds the threshold in a financial year.