Fixed Deposits are one of the safest ways to grow savings at a guaranteed rate. This calculator shows exactly how much your FD will be worth at maturity and how much interest you will earn.
🏦 FD Calculator (Fixed Deposit)
Maturity Amount-
Total Interest-
Principal-
Effective Annual Rate-
How to Use This FD Calculator (Fixed Deposit)
Enter the deposit amount (e.g. ₹1,00,000).
Enter the yearly interest rate offered by your bank (e.g. 7%).
Enter the tenure in years and tap Calculate.
Formula
Maturity = P × (1 + r/n)^(n×t), where P = principal, r = yearly rate, n = compounding frequency (usually 4 for quarterly), t = years.
Example: ₹1,00,000 at 7% for 5 years with quarterly compounding grows to about ₹1,41,478 — interest earned ≈ ₹41,478.
Frequently Asked Questions
▶ How is FD interest compounded?
Most Indian banks compound FD interest quarterly. This means interest is added to your principal every 3 months and then earns further interest.
▶ Is FD interest taxable?
Yes, FD interest is added to your income and taxed at your slab rate. Banks deduct TDS if interest exceeds the yearly threshold; you can submit Form 15G/15H if your income is below the taxable limit.
▶ FD vs SIP — which is better?
FDs give guaranteed, fixed returns and suit short-term or safety-first goals. SIPs in equity funds carry market risk but have historically given higher long-term returns. Many people use both.
▶ Can I withdraw an FD early?
Yes, but premature withdrawal usually attracts a penalty of 0.5–1% on the interest rate. Check your bank's rules before breaking an FD.
