FD Calculator (Fixed Deposit Maturity)
Free fixed deposit calculator: maturity amount, interest earned and effective yield with quarterly, monthly, half-yearly or yearly compounding.
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How to use the FD Calculator (Fixed Deposit Maturity)
- Enter the deposit amount.
- Enter the bank's interest rate and the tenure.
- Choose the compounding frequency (most Indian banks use quarterly).
- Read the maturity value and effective yield.
How fixed deposit interest works
A fixed deposit (FD) locks your money for a set period at a fixed rate. Most banks compound interest quarterly, so the effective yield is a little higher than the quoted rate.
Maturity = P × (1 + r ÷ n)^(n × t)
Worked example
1,00,000 at 7% for 5 years with quarterly compounding matures at 1,41,478, earning 41,478.
Things to check with your bank
- Senior citizen rates are often higher.
- Tax deducted at source (TDS) may reduce what you receive.
- Premature withdrawal usually carries a penalty.
Frequently asked questions
How is FD maturity calculated?
Using A = P(1 + r/n)^(nt) with n = 4 for quarterly compounding.
What is effective annual yield?
The true yearly return after compounding. A 7% FD compounded quarterly yields about 7.19%.
Is FD interest taxable?
Yes, interest is added to your income and taxed at your slab rate. This calculator does not deduct tax.
Which compounding should I pick?
Choose what your bank states in the FD terms. Quarterly is the most common.