- Invested amount
- Total interest
- Invested amount
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- Total interest
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- Maturity value
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Figures are estimates for planning only, not investment or tax advice.
A fixed deposit pays a contracted rate for a contracted period. This calculator compounds the deposit at the frequency your bank uses — most Indian banks compound quarterly — and shows the maturity value and the interest earned.
The formula
A = P × (1 + r/n)n×t, where n is the number of compounding periods a year. The same 7% rate produces slightly more when compounded quarterly than annually: ₹1,00,000 for 5 years returns ₹1,41,478 quarterly against ₹1,40,255 yearly.
Cumulative or payout?
This calculator assumes a cumulative FD, where interest stays in and compounds. If you take a monthly or quarterly payout instead, nothing compounds and the total interest is lower — that option is about income, not growth.
Tax
FD interest is fully taxable at your slab rate in the year it accrues, and the bank deducts TDS at 10% once interest crosses the annual threshold. A 7% FD for someone in the 30% bracket is a 4.9% return after tax.
Frequently asked questions
Do senior citizens get a better rate?
Usually 0.25% to 0.75% more. Enter the higher rate directly.
What happens if I break the FD early?
Banks pay the rate applicable to the period actually completed, minus a penalty of about 0.5% to 1%.
Is a tax-saver FD different?
It is a 5-year FD that qualifies under 80C, with no premature withdrawal allowed. The interest is still taxable.