FD Calculator
Calculate fixed deposit maturity amount with quarterly, monthly, and annual compounding.
FD Calculator
Fixed Deposit Details
Plan your lump-sum deposit with confidence
Maturity Projection
Deposit Growth Timeline
Track how your FD compounds over the tenure.
Interest Accumulation
What Are You Planning For?
Select a goal to see your progress update in real time.
FD Rate Comparison
See how your deposit compares to market averages.
Smart Insights
Personalized takeaways from your numbers.
Real-Life Examples
₹1L · 7% · Quarterly
₹5L · 7.5% · Quarterly
The Formula Behind It
A = P × (1 + r/n)^(n×t)Variables
- P — Principal amount
- r — Annual interest rate
- n — Compounding frequency
- t — Time in years
How It Works
- Enter your lump-sum deposit amount in rupees.
- Set the annual interest rate offered by your bank.
- Choose tenure in years and compounding frequency (quarterly is common).
- View maturity amount, interest earned, and effective yield instantly.
About FD Calculator
A Fixed Deposit (FD) Calculator helps you project how much your lump-sum savings will grow over a fixed tenure at a guaranteed interest rate. FDs remain one of the most popular savings instruments in India because they offer predictable returns with DICGC insurance protection up to ₹5 lakh per bank per depositor.
How FD Interest Works
Fixed deposits use compound interest — interest is calculated on the principal plus previously credited interest at each compounding interval. The formula is A = P × (1 + r/n)^(n×t) where P is principal, r is annual rate, n is compounding frequency per year, and t is tenure in years.
Choosing Compounding Frequency
Banks typically offer monthly, quarterly, half-yearly, or annual compounding. More frequent compounding yields slightly higher maturity amounts. Senior citizens often receive 0.25–0.50% higher rates. Compare rates across banks and consider laddering FDs across tenures for liquidity.
FD vs Other Investments
FDs prioritize capital safety over high returns. Equity SIPs may deliver higher long-term growth but carry market risk. Use FDs for emergency funds, short-term goals, and the debt portion of a diversified portfolio.
Frequently Asked Questions
What is a Fixed Deposit?
A Fixed Deposit (FD) is a financial instrument where you deposit a lump sum for a fixed tenure at a predetermined interest rate.
How is FD interest calculated?
FD interest uses compound interest formula A = P(1 + r/n)^(nt) where P is principal, r is annual rate, n is compounding frequency, t is years.
What is the difference between cumulative and non-cumulative FD?
Cumulative FD reinvests interest (paid at maturity). Non-cumulative FD pays interest periodically (monthly/quarterly).
Is FD interest taxable?
Yes. FD interest is added to your income and taxed per your income tax slab. TDS applies if interest exceeds ₹40,000/year.
Can I break an FD before maturity?
Yes, but banks charge a penalty (typically 0.5-1%) and pay reduced interest rates.
Which compounding frequency gives highest returns?
More frequent compounding (monthly > quarterly > annually) yields slightly higher returns.
Are FDs safe?
Bank FDs up to ₹5 lakh per bank are insured by DICGC, making them very safe investments.
What is the minimum FD amount?
Most banks accept FDs starting from ₹1,000 to ₹10,000.
Can NRIs open FDs in India?
Yes. NRIs can open NRE or NRO fixed deposits with Indian banks.
How does FD compare to mutual funds?
FDs offer guaranteed returns with lower risk. Mutual funds offer higher potential returns with market risk.
Community Stories
Real experiences from people like you.
"Laddered FDs across 3 banks for safety."
7.2% blended return