🏦 FD Calculator

A Fixed Deposit (FD) calculator computes your maturity amount and interest earned for any bank FD. Enter your deposit principal, interest rate, and tenure — choose quarterly, monthly, or annual compounding — to instantly see your maturity value and total interest earned.

🇺🇸 Calculating for United States

</> Embed🔒 Your data never leaves your device

Fixed deposit details

Deposit amount (₹)

Interest rate (% p.a.)

Tenure (years)

Compounding frequency

Maturity value after 5 years

₹1,41,477.82

₹1,00,000.00 at 7% p.a., compounded quarterly

Total interest earned

₹41,477.82

Effective annual yield

7.19%

Affiliate disclosure: Some links may earn us a commission at no extra cost to you. Learn more

Frequently asked questions

How is FD interest calculated?▾

FD maturity = P × (1 + r/n)^(n×t), where P = principal, r = annual rate, n = compounding frequency per year, t = years. Indian banks typically compound quarterly.

Which bank offers the highest FD rate?▾

Small finance banks and NBFCs often offer higher rates (8–9%) than large nationalised banks (6–7%). Check the latest rates on the RBI or bank websites before investing.

Is FD interest taxable?▾

Yes. FD interest is fully taxable as "Income from Other Sources" at your income tax slab rate. Banks deduct TDS at 10% if annual interest exceeds ₹40,000 (₹50,000 for senior citizens).

What is the difference between cumulative and non-cumulative FD?▾

Cumulative FD reinvests interest and pays the full maturity value at end. Non-cumulative FD pays out interest monthly, quarterly, or annually. Cumulative earns more due to compounding.

Recommended services

SoFi

High-yield savings accounts, personal loans, investing, and mortgage refinancing.

Visit SoFi ↗

Ally Bank

Online savings accounts with competitive APYs and no monthly fees.

Visit Ally Bank ↗

Affiliate disclosure: Some links may earn us a commission at no extra cost to you. Learn more

Related tools

🪙

RD Calculator

India Savings & Investment

📈

Compound Interest Calculator

Saving & Goals

📈

SIP Calculator

India Savings & Investment

Disclaimer: This calculator is for informational and educational purposes only. Results are estimates and not financial advice. Consult a licensed financial advisor before making financial decisions.