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FD calculator
Find the maturity amount and interest on a bank fixed deposit for your rate, tenure and compounding.
Result
- Maturity amount
- …
- Deposit
- …
- Interest earned
- …
DepositInterest
An estimate for planning, not financial or tax advice. Figures are rounded.
How it works
Most Indian banks compound fixed-deposit interest every quarter.
Maturity = P × (1 + r ÷ k)k × t
P is the deposit, r the annual rate (as a decimal), k the number of compounding periods a year (4 for quarterly) and t the tenure in years. Interest is taxable at your slab rate, and banks deduct TDS above the yearly threshold.
Questions readers ask
How often do banks compound FD interest?
Usually quarterly for cumulative deposits. Some products pay interest monthly or quarterly instead, in which case it is not compounded.
Is FD interest taxable?
Yes. It is added to your income and taxed at your slab rate. Banks deduct TDS when interest crosses the yearly threshold; you can submit Form 15G/15H if eligible.
Do senior citizens get a higher rate?
Most banks offer senior citizens an extra 0.25 to 0.50 percentage points. Enter the rate your bank offers you.