FD Calculator – Fixed Deposit Maturity & Interest
Find the maturity amount and interest on any bank or post office fixed deposit.
How to use: Enter the deposit, interest rate and tenure. Choose cumulative (interest added) or payout (interest paid to you), and the compounding your bank uses.
How to use the FD Calculator
Enter the amount you will deposit, the yearly rate your bank offers and the tenure in years, months and days. Choose Cumulative if the interest stays in the FD and is paid at maturity, or Interest payout if the bank pays it into your account every month or quarter. Most Indian banks compound cumulative FDs quarterly; deposits under six months usually earn simple interest, and the calculator does the same.
Formula: maturity = P × (1 + r ÷ n)n × t, where P is the deposit, r the yearly rate, n the compounding periods per year and t the tenure in years. Payout FDs earn simple interest: P × r ÷ n each period.
Worked example: ₹1,00,000 for 5 years at 7% compounded quarterly matures at about ₹1,41,478, so you earn ₹41,478, an effective yield of 7.19% a year. On payout, the same FD pays ₹1,750 every quarter.
FD interest is added to your income and taxed at your slab rate. Banks deduct 10% TDS if interest at one bank goes above ₹50,000 in a year (₹1,00,000 for senior citizens). This is an estimate, not financial advice. Bank rounding can differ by a few rupees. Deposits are insured up to ₹5 lakh per bank by DICGC. Updated October 2026.
Frequently asked questions
How is FD interest calculated in India?
Most banks compound quarterly for cumulative FDs. The calculator uses the same method, and simple interest for deposits shorter than six months.
What are post office time deposit rates now?
For October–December 2026: 1 year 6.9%, 2 years 7.0%, 3 years 7.1% and 5 years 7.5%, compounded quarterly.
When is TDS deducted on an FD?
When interest at one bank exceeds ₹50,000 in a financial year (₹1 lakh for senior citizens). Form 15G or 15H can stop TDS if your total income is below the taxable limit.
Is FD interest tax-free?
No, except the 5-year tax-saver FD whose deposit qualifies for 80C in the old regime; its interest is still taxable.
Is my FD safe?
Deposits in a bank are insured by DICGC up to ₹5 lakh per depositor per bank, including interest.