Fixed Deposit (FD) Calculator

Calculate precise quarterly-compounding FD maturity value.

Total Investment

₹

₹1,00,000

Rate of Interest (p.a)

6.5%

Time Period (Years)

3 Years

3Yr

Time Period (Months)

0 Months

0Mo

Invested Amount

₹1,00,000

Est. Returns

₹21,341

Total Value (Maturity)

₹1,21,341

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Online Fixed Deposit (FD) Calculator

A Fixed Deposit (FD) is one of the safest and most popular investment instruments offered by Indian banks and Non-Banking Financial Companies (NBFCs). By locking your money away for a predetermined tenure (ranging from 7 days to 10 years), you earn a guaranteed, fixed rate of interest that is unaffected by market volatility.

Calculating your exact maturity amount manually can be tedious because most major Indian banks calculate FD interest using Quarterly Compounding, not simple annual interest. This means the interest you earned in the first quarter is added to your principal, and in the next quarter, you earn interest on that newly increased balance. Our advanced FD Calculator automates this quarterly compounding math, giving you penny-perfect maturity estimates in seconds.

How to Use This Calculator

Total Investment: Enter the lump sum amount you plan to deposit.
Rate of Interest: Enter the annual interest rate offered by your bank. (Note: Senior citizens generally receive an additional 0.50% to 0.75% premium on standard rates).
Time Period: Select the tenure of your deposit in years and months.

The tool will instantly generate your total interest earned and your final maturity corpus via our quarterly compound engine.

Tax Implications on FDs

While Fixed Deposits offer guaranteed returns, the interest earned is fully taxable according to your income tax slab.

TDS (Tax Deducted at Source): Banks are required to deduct 10% TDS if your annual FD interest exceeds ₹50,000 (₹1,00,000 for senior citizens) as per FY 2025-26 limits.
Form 15G/15H: If your total income falls below the taxable limit, you can submit Form 15G (or Form 15H for senior citizens) to your bank to prevent them from deducting TDS.
Tax-Saving FDs: You can invest in a special 5-Year Tax-Saving FD to claim deductions up to ₹1.5 Lakhs under Section 80C of the Income Tax Act. However, these come with a strict 5-year lock-in period.

Frequently Asked Questions (FAQs)

Is the FD interest calculated as Simple or Compound Interest?

For tenures shorter than 6 months, banks usually calculate simple interest at maturity. However, for standard FDs with tenures of 6 months or longer, banks use compound interest, compounded quarterly.

Can I withdraw my Fixed Deposit before maturity?

Yes, most standard FDs allow premature withdrawals in case of emergencies. However, banks typically levy a penalty of 0.5% to 1% on the interest rate, and you will only earn interest for the exact period the money remained deposited. Tax-Saving FDs (5-year lock-in) cannot be withdrawn prematurely.

Will my interest rate change if the RBI changes repo rates?

No. Once you book a Fixed Deposit, your interest rate is "locked in" for the entire tenure. Even if the bank lowers its FD rates the very next day, your deposit will continue to earn the higher rate until maturity.