FD Calculator: Fixed Deposit Interest & Maturity

Calculate the maturity value and interest earned on bank fixed deposits with quarterly compounding.

हिन्दी में देखें All calculators

Deposit Parameters

Deposit Amount (₹)

Interest Rate (% p.a.)

Tenure (Years)

Total Maturity Value

Deposit Amount: ₹1,00,000
Interest Earned: ₹41,478
Total Maturity Value: ₹1,41,478

Principal (71%)Interest (29%)

Senior Citizen Extra Interest

Senior citizens usually get up to 0.50% extra interest at most Indian banks.

How Fixed Deposit Interest is Calculated

A = P × (1 + r/4)^4t

Where P = Principal deposit, r = Annual interest rate, and t = Tenure in years. Most Indian banks compound FD interest quarterly. A ₹1,00,000 fixed deposit at 7% for 5 years matures to approximately ₹1,41,478, which includes ₹41,478 in compound interest.

Frequently Asked Questions

How often do banks compound FD interest?

Most Indian banks compound fixed deposit interest quarterly, which is the calculation used by this tool. Cumulative FDs reinvest the interest; payout FDs disburse interest periodically without compounding.

Is FD interest taxable?

Yes, FD interest is added to your total income and taxed according to your income tax slab rate. Banks deduct 10% TDS if interest exceeds the annual threshold. Submit Form 15G/15H if your taxable income is below the exemption limit.

FD vs RD: what is the difference?

An FD is a one-time lumpsum deposit; an RD (recurring deposit) invests a fixed amount every month. The free Finalyca Android app includes calculators for FD, RD, and PPF.

Can I break an FD before maturity?

Usually yes, but banks apply a penalty (typically 0.5-1% reduction on interest rate) for premature withdrawal. Creating multiple smaller FDs is a common strategy to maintain liquidity.

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