FD Calculator

Calculating your FD returns takes less than a minute:

1. Enter your deposit amount (the principal amount you want to invest in the fixed deposit).
2. Enter the interest rate offered by your bank for the chosen tenure.
3. Select the investment tenure in years and months.
4. Select the compounding frequency — monthly, quarterly, half-yearly, or annually.
5. Click Calculate to instantly see your maturity amount, total interest earned, and effective annual yield.

The calculator also shows a year-by-year breakdown of how your FD grows over the investment period.

A Fixed Deposit (FD) is one of the most popular and safest investment instruments in India, offered by banks and non-banking financial companies (NBFCs). You deposit a lump sum amount for a fixed tenure at a predetermined interest rate, and receive the principal along with accumulated interest at maturity.

Unlike market-linked investments, FDs offer guaranteed returns regardless of market conditions, making them ideal for conservative investors or for parking funds needed in the short to medium term.

FD interest is calculated differently based on whether it is a simple interest or compound interest FD:

For Compound Interest FD (most common):

A = P × (1 + r/n)^(n×t)

Where:

• A = Maturity amount
• P = Principal deposit amount
• r = Annual interest rate (in decimal)
• n = Number of times interest is compounded per year
• t = Tenure in years

For example, if you deposit ₹5,00,000 at 7% per annum compounded quarterly for 3 years, your maturity amount would be approximately ₹6,16,245, with total interest earned of ₹1,16,245.

Several factors determine how much your FD will earn:

1. Principal Amount — A higher deposit amount results in proportionally higher absolute interest earnings.
2. Interest Rate — Rates vary by bank, tenure, and depositor category. Senior citizens typically receive 0.25% to 0.75% higher rates.
3. Tenure — Longer tenures often attract higher interest rates, though this varies by bank policy.
4. Compounding Frequency — More frequent compounding (monthly vs annually) results in slightly higher effective returns for the same nominal rate.
5. Tax on Interest — FD interest is fully taxable as per your income tax slab, which significantly impacts your effective post-tax returns.

Banks offer several types of FDs to suit different investor needs:

• Regular FD — Standard fixed deposit available to all individuals, with interest rates varying by tenure and bank.
• Senior Citizen FD — Offers higher interest rates (typically 0.25% to 0.75% more) for depositors aged 60 and above.
• Tax Saver FD — 5-year lock-in FD qualifying for Section 80C deduction up to ₹1.5 lakh, but with no premature withdrawal allowed.
• Recurring Deposit (RD) — Allows monthly contributions instead of a lump sum, building a corpus gradually over time.
• Flexi FD — Linked to your savings account, allowing automatic sweep of excess funds into FD while maintaining liquidity.

Our calculator helps you plan your fixed deposit investments smartly by allowing you to:

• Get instant, accurate FD maturity amount calculations
• Compare returns across different tenures and interest rates
• Understand the impact of compounding frequency on your returns
• Make informed decisions about where and how long to park your savings