FD Calculator
See what a fixed deposit pays at maturity. Use your bank's own rate and compounding, and the result updates instantly.
Deposit Interest
This is an illustration for a cumulative FD, before tax and TDS. Banks count actual days, so your bank's maturity figure can differ by a few rupees. Rates change often; use the rate your bank offers on the day you book.
How this is calculated
For a cumulative fixed deposit, interest is added to the deposit every compounding period, and the next period's interest is worked out on the larger amount. The maturity amount is deposit × (1 + rate ÷ periods a year) raised to the number of periods. With simple interest, it is deposit × (1 + rate × years).
A worked example
Illustration: 1 lakh rupees for 5 years at 7% a year.
- Compounded quarterly, it matures at about ₹1,41,478.
- Compounded yearly, about ₹1,40,255.
- With simple interest, ₹1,35,000.
The rate matters far more than the compounding choice. After tax at your slab, and once inflation is counted, the real gain is smaller than the headline number.
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Questions people ask
How much interest will my FD earn (FD par kitna interest milega)?
Enter the deposit, your bank's rate and the tenure above. For a cumulative FD, the interest is added back every compounding period and starts earning interest too, so the total at maturity is a little more than rate × years. In the illustration on this page, 1 lakh rupees at 7% for 5 years, compounded quarterly, grows to about ₹1,41,478.
How often do banks compound FD interest?
Most Indian banks compound interest on cumulative FDs every quarter, and some pay simple interest on very short deposits. Check the compounding method in your bank's deposit terms and pick the same option here.
Is tax cut on FD interest?
FD interest is taxed at your income tax slab. The bank also cuts TDS once your interest from that bank crosses a yearly limit, which from April 2025 is 50,000 rupees for most people and 1 lakh rupees for senior citizens. The figures here are before any tax or TDS. Check the current limits, since tax rules change.
Is my FD money safe?
Bank deposits are insured by the Deposit Insurance and Credit Guarantee Corporation up to 5 lakh rupees per depositor per bank, counting principal and interest together. Check the current cover before relying on it.