Invested Amount
₹ 2,00,000
Total Interest Earned
₹ 46,331
Tenure Applied
3.0 Years (36 Months)
Total Maturity Value
₹ 2,46,331
About the Fixed Deposit (FD) Calculator
Our free Fixed Deposit (FD) Calculator helps investors and savers calculate the exact maturity amount and interest earned on their lump-sum bank deposits. By factoring in flexible tenures, interest rates, and compounding frequencies (such as quarterly or monthly compounding), this tool provides a clear projection of your savings growth.
How Fixed Deposit Interest is Calculated
Most commercial banks in India compound interest on fixed deposits on a quarterly basis. The compounding maturity formula used is:
$$A = P \times \left(1 + \frac{r}{n}\right)^{nt}$$
Where:
- P: Principal deposit amount
- r: Annual interest rate (decimal)
- n: Compounding frequency per year (e.g., 4 for quarterly)
- t: Tenure of the deposit in years
How to Use the FD Calculator
Simply enter your deposit details or adjust the range slider:
- Total Deposit Amount: The lump-sum principal you are investing into the fixed deposit.
- Interest Rate: The annual percentage rate (p.a.) offered by the financial institution.
- Deposit Tenure: Choose between Years or Months using the toggle switch and enter your desired duration.
- Compounding Frequency: Select how often interest compounds (quarterly is standard for most Indian banks).
Click the Calculate Returns button to instantly view your invested amount, total interest earned, and maturity payout value.
Frequently Asked Questions (FAQs)
Is FD interest taxable in India?
Yes, interest earned on fixed deposits is fully taxable as per your applicable income tax slab rate. Banks also deduct Tax Deducted at Source (TDS) if interest exceeds specified annual limits.
What is the difference between cumulative and non-cumulative FDs?
In a cumulative FD, interest is compounded and paid out entirely at maturity along with the principal. In a non-cumulative FD, interest is paid out periodically (monthly, quarterly, or yearly) to your savings account.
Are senior citizens eligible for higher interest rates?
Yes, most banks and non-banking financial companies (NBFCs) in India offer an additional interest rate markup (typically 0.50% p.a.) for senior citizens.
