FD Calculator
Calculate the maturity amount of your Fixed Deposit with different compounding frequencies, year-wise breakdown and growth charts.
Enter deposit details and click
Calculate FD Returns
What is an FD Calculator?
An FD (Fixed Deposit) calculator helps you estimate the maturity amount of your fixed deposit investment. It takes into account the principal amount, interest rate, tenure, and compounding frequency to calculate how much your deposit will grow over time.
FD Calculation Formula
A = P × (1 + r/n)n×t
Where:
- A = Maturity Amount
- P = Principal (Deposit Amount)
- r = Annual interest rate (in decimal)
- n = Number of times interest is compounded per year
- t = Tenure in years
How Fixed Deposits Work
- Guaranteed Returns: FDs offer a fixed interest rate for the entire tenure, making returns predictable
- Compounding Benefit: Interest is compounded at regular intervals (quarterly, monthly, etc.), earning interest on interest
- Safe Investment: Bank FDs are insured up to ₹5 lakh by DICGC, making them one of the safest investments
- Flexible Tenure: FDs can be opened for durations ranging from 7 days to 10 years
FD Calculation Example
If you deposit ₹1,00,000 in a Fixed Deposit at 7% annual interest rate for 5 years with quarterly compounding:
- Principal Amount: ₹1,00,000
- Total Interest Earned: ₹41,478
- Maturity Amount: ₹1,41,478
With monthly compounding, the same FD would mature to ₹1,41,762 — a slightly higher amount due to more frequent compounding.
Frequently Asked Questions
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A Fixed Deposit is a financial instrument provided by banks and NBFCs where you deposit a lump sum amount for a fixed tenure at a predetermined interest rate. It is one of the safest investment options in India.
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Higher compounding frequency results in slightly higher returns. Monthly compounding gives better returns than quarterly, which in turn gives better returns than yearly compounding, because interest is reinvested more frequently.
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Yes, interest earned on FDs is taxable as per your income tax slab. If the total FD interest in a financial year exceeds ₹40,000 (₹50,000 for senior citizens), the bank deducts TDS at 10%.
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Yes, most banks allow premature withdrawal of FDs, but they charge a penalty of 0.5% to 1% on the applicable interest rate. Some banks also offer FDs with no premature withdrawal penalty.
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In a cumulative FD, interest is compounded and paid at maturity, giving you a higher effective return. In a non-cumulative FD, interest is paid out periodically (monthly, quarterly, etc.) and does not benefit from compounding.
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Bank FDs are among the safest investments. Deposits up to ₹5 lakh per depositor per bank are insured by DICGC (Deposit Insurance and Credit Guarantee Corporation). However, FDs from NBFCs do not carry this insurance.