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Fixed Deposit Calculator

Calculate returns on your FD at any interest rate and tenure.

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Fixed Deposit Calculator
Calculate returns on your FD at any interest rate and tenure.
FD amount
₹
one lakhrupees
Annual interest rate (%)
%
FD tenure
Years
FD maturity value
₹1,41,478
29%
returns
Invested
Returns
Principal₹1.00 L
Interest earned₹41.5K
Maturity value₹1.41 L
Compare with SIP →

For illustration only. MF returns not guaranteed. Market risks apply.

⚠️ Disclaimer: Results are for illustration only. Mutual Fund investments subject to market risks. Assumed returns may not reflect actual performance. Read all scheme-related documents carefully. Not investment advice.
About this calculator

Fixed Deposit Calculator — explained

The Fixed Deposit Calculator estimates the maturity value of any FD across banks, NBFCs, small finance banks, and post offices in India. Enter the deposit amount, annual interest rate, and tenure to see the maturity value, total interest earned, and the donut breakup of principal vs interest. FDs are India's most popular safe-investment instrument, offering capital safety with DICGC insurance up to ₹5 lakhs per bank, guaranteed returns locked at the deposit rate, and predictable maturity values.

This free online FD maturity calculator works for cumulative FDs (quarterly compounding, default for most banks), tax-saver FDs (5-year lock-in with 80C benefit), senior citizen FDs (with rate premium), and corporate FDs. Use it to compare offers before locking in, plan reinvestment timelines, or evaluate FD-vs-mutual-fund trade-offs. Backed by AMFI Registered MFD Nithin Finserv, Bengaluru.

What is the Fixed Deposit Calculator?

A Fixed Deposit (FD) is a savings instrument offered by banks, NBFCs, and small finance banks where you lock a lumpsum amount for a fixed tenure (typically 7 days to 10 years) at a fixed interest rate agreed at the time of deposit. Interest can be paid out periodically (non-cumulative) or compounded and paid at maturity (cumulative). FDs are the cornerstone of conservative Indian savings — DICGC-insured, capital-safe, and tax-deductible under Section 80C for 5-year tax-saver FDs (up to ₹1.5L/year).

How it works — the formula

Maturity = P × (1 + r/4)^(4 × years), assuming quarterly compounding — the standard convention for most Indian banks. The effective annualised return is slightly higher than the nominal rate due to compounding. The calculator instantly shows the maturity value and total interest earned.

How to use this calculator

  1. 1Enter your FD amount in rupees
  2. 2Enter the annual interest rate offered (check senior-citizen rates if applicable)
  3. 3Choose the tenure in years
  4. 4Read the maturity value, total interest earned, and donut breakup
  5. 5Compare offers from multiple banks — even 0.25% difference adds up over 5 years
  6. 6Use our MF vs FD Calculator for long-horizon comparisons

Key features

  • ✓Quarterly compounding (Indian bank convention)
  • ✓Adjustable for principal, rate, and tenure
  • ✓Works for cumulative, tax-saver, senior citizen, and corporate FDs
  • ✓Donut chart visualisation
  • ✓Free, mobile-friendly, no signup

Frequently asked questions

Is FD interest taxable in India?
Yes. FD interest is taxed at your income slab rate. Banks deduct 10% TDS if interest exceeds ₹40,000/year (₹50,000 for senior citizens). Submit Form 15G/15H if your total income is below the taxable threshold.
What is the maximum FD insurance under DICGC?
Up to ₹5 lakh per depositor per bank (combined across all branches of the same bank). For larger amounts, spread FDs across multiple banks to maximise insurance coverage.
Should I park my retirement corpus entirely in FDs?
Generally no — inflation erodes FD returns. Use FDs for short-term safety needs (1–3 years). For long-term retirement money, a mix of equity and debt mutual funds typically delivers significantly better post-tax, inflation-adjusted returns.
Can I break an FD before maturity?
Yes — premature withdrawal is allowed with a small penalty (typically 0.5–1% reduction in the applicable rate). Some sweep-in FDs allow penalty-free withdrawal of partial amounts when linked to a savings account.
FD or PPF for tax saving?
Tax-saver FDs offer guaranteed returns (5-year lock-in) but the interest is taxable. PPF offers tax-free interest and maturity (15-year lock-in). For pure 80C tax saving, PPF usually wins after-tax — but PPF has a longer lock-in.
What is the difference between cumulative and non-cumulative FD?
Cumulative FD reinvests interest until maturity (pay-out is one lumpsum). Non-cumulative pays interest periodically (monthly/quarterly/yearly) — useful for retirees who need regular income but slightly lower maturity value.
Is corporate FD safer than bank FD?
No. Bank FDs are DICGC-insured up to ₹5L per bank. Corporate FDs (NBFC, manufacturing companies) offer higher rates but carry credit risk — only invest if the company has AAA rating and stick within manageable amounts.
Can senior citizens get higher FD rates?
Yes. Most Indian banks offer 0.25–0.75% premium for senior citizens (60+). Many banks also have special schemes like SBI WeCare with even higher rates for 5-year+ tenures.
What is FD laddering?
Splitting a lumpsum across multiple FDs with staggered tenures (1Y, 2Y, 3Y, 4Y, 5Y) so one FD matures every year. Provides regular liquidity, locks in different rates over time, and is a popular conservative strategy for retirees.
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