Fixed Deposit (FD) Calculator
Work out the maturity value of a fixed deposit.
Deposit Amount
Interest Rate (p.a)
Tenure
Maturity
₹1,41,478
Maturity Value
₹1,41,478
Deposit Amount
₹1,00,000
Total Interest Earned
₹41,478
Assumes quarterly compounding, standard for most Indian bank fixed deposits.
How this calculator works
A Fixed Deposit locks your money away for a set tenure in exchange for a guaranteed interest rate, compounded quarterly at most Indian banks. Because the rate is locked in upfront, an FD is predictable — your maturity value here is exactly what you'll receive, unlike market-linked investments.
Worked example
₹1,00,000 invested at 7% for 5 years, compounded quarterly, matures to approximately ₹1,41,478 — ₹41,478 in interest on the original ₹1,00,000, guaranteed regardless of what happens in the markets over those 5 years.
FD interest is taxable
Unlike PPF, FD interest is added to your taxable income and taxed at your regular income tax slab rate — this calculator shows the gross maturity value before any tax is deducted. Banks also deduct TDS on FD interest above a threshold, so your actual in-hand amount at maturity will be lower than the figure shown here once tax is accounted for.
FD vs. RD
An FD is a one-time lump-sum deposit; a Recurring Deposit instead takes a fixed contribution every month. Choose an FD if you already have the full amount available now, or an RD if you'd rather build toward the same goal with regular monthly savings.
Breaking an FD early
Most banks allow premature withdrawal but apply a penalty — typically a reduced interest rate for whatever period the deposit was actually held, rather than losing all interest. Match your FD's tenure to when you'll actually need the funds to avoid this.
Frequently Asked Questions
How is FD maturity value calculated?
Using the standard compound interest formula applied to a lump sum: A = P(1 + r/n)^(nt), where the compounding frequency (n) typically follows the bank's payout schedule — usually quarterly for Indian fixed deposits.
Is FD interest taxable?
Yes, in most jurisdictions including India, interest earned on a fixed deposit is added to your taxable income and taxed at your applicable slab rate — this calculator shows the gross maturity value before any tax is deducted.
What's the difference between FD and RD?
A Fixed Deposit (FD) is a one-time lump-sum investment locked for a fixed term. A Recurring Deposit (RD) instead takes a fixed amount every month over the term — different cash-flow patterns for a similar guaranteed-return goal.
Does the bank deduct tax before paying out FD interest?
Banks deduct TDS on FD interest above a threshold amount, so the actual in-hand payout at maturity is lower than the gross figure this calculator shows. You can also owe additional tax at filing time if your slab rate is higher than the TDS rate deducted.
What happens if I withdraw an FD before maturity?
Most banks allow premature withdrawal but apply a penalty, typically a reduced interest rate for however long the deposit was actually held, rather than forfeiting all interest. Exact terms vary by bank, so check your FD's specific conditions.
This tool provides general estimates for informational purposes only and isn't financial or tax advice. Consult a qualified financial advisor or tax professional before making financial decisions.