Fixed Deposit (FD) Calculator

About This Tool

FD Calculator

Calculate the maturity amount and interest earned on your Fixed Deposit (FD) for any bank, tenure, and interest rate.

Why Use This Tool?

Know exactly how much your FD will be worth at maturity
Compare FD returns across different banks and tenures
Plan for a financial goal by calculating the FD amount needed today
Calculate returns for cumulative vs. non-cumulative FD options
Used by investors and retirees planning safe, guaranteed returns

Overview

Fixed Deposits (FDs) remain one of the most popular and trusted investment instruments in India, offering guaranteed returns with no market risk. Banks, post offices, and non-banking financial companies (NBFCs) offer FDs at varying interest rates and tenures, making it important to calculate exactly what your deposit will be worth at maturity before committing your funds. Our FD Calculator lets you compute maturity amounts for both cumulative FDs (where interest is reinvested and paid at maturity) and non-cumulative FDs (where interest is paid out periodically as monthly, quarterly, or annual income). Simply enter your principal deposit amount, the annual interest rate, and the tenure, and the calculator shows the exact maturity amount and total interest earned. You can also use the reverse calculator to find how much you need to deposit today to achieve a target maturity amount. This is invaluable for goal-based financial planning — whether you are saving for a down payment, a vacation, or a child's education.

How to Use

1

Enter Principal Amount

Input the amount you plan to deposit (e.g., ₹1,00,000).
2

Enter the Interest Rate

Enter the annual FD interest rate offered by your bank (e.g., 7.5 for 7.5% p.a.).
3

Choose Compounding Frequency

Select how interest is compounded: Monthly, Quarterly, Half-yearly, or Annually.
4

Enter the Tenure

Input the FD duration in years and/or months (e.g., 3 years 6 months).
5

View Results

See your Maturity Amount, Total Interest Earned, and an annual breakdown of growth.

Frequently Asked Questions

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

Cumulative FD reinvests the interest back into the deposit, so you receive a larger amount at maturity. Non-cumulative FD pays interest periodically (monthly/quarterly) as income.

Is FD interest taxable?

Yes. FD interest is added to your total income and taxed as per your income tax slab. Banks deduct TDS at 10% if interest exceeds ₹40,000 per year (₹50,000 for senior citizens).

What is the typical FD tenure range?

Banks offer FDs from 7 days to 10 years. The highest interest rates are usually offered for tenures of 1–3 years.

Can I withdraw my FD before maturity?

Yes, but most banks charge a premature withdrawal penalty of 0.5–1% reduction in the applicable interest rate.

How do senior citizens' FD rates differ?

Most banks offer 0.25–0.50% higher interest rates to senior citizens (aged 60 and above) on all standard FD tenures.