Calculate exactly how much your Fixed Deposit will grow. See maturity amount and interest earned with any compounding frequency.
FD details
Enter your deposit amount, the bank's interest rate and tenure to see the maturity value instantly.
Choose monthly, quarterly, half-yearly, or yearly compounding to match exactly how your bank compounds interest, giving you the most accurate FD maturity value.
See at a glance what portion of your maturity amount is your original investment and what portion is the interest earned — a key metric for tax planning.
Quickly compare returns across different banks by changing the rate. Adjust tenure to find the sweet spot between lock-in period and maximum interest earned.
Input the amount you plan to deposit in the Fixed Deposit, from ₹1,000 upward.
Enter the bank's annual interest rate and the FD tenure in years. Senior citizens can use the higher rate offered by their bank.
Select how often your bank compounds interest — most banks compound quarterly. Review the maturity amount and interest earned instantly.
FD maturity amount = P × (1 + r/n)^(n×t), where P is the principal, r is the annual interest rate (as a decimal), n is the compounding frequency per year, and t is tenure in years. More frequent compounding (monthly vs. yearly) results in slightly higher returns due to interest-on-interest.
Most Indian banks compound FD interest quarterly. However, some banks like HDFC, SBI, and ICICI offer monthly compounding for certain deposit schemes. Always choose the frequency that matches your actual bank's policy for accurate results.
Yes. FD interest is fully taxable as "Income from Other Sources" at your applicable income tax slab rate. Banks deduct TDS at 10% if the total interest in a financial year exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if your income is below the taxable limit.