FD Calculator
See what a fixed deposit matures to. Indian banks usually compound FD interest quarterly — that's the default here, but you can change it.
An estimate before TDS and tax on interest. Your bank's payout may differ slightly with day-count conventions.
Log each FD as you open it, and see your real maturity dates and total locked-in savings — not just one estimate, but everything you actually hold.
How it works
The bank pays interest on the deposit and then, at each compounding date, adds that interest to the balance so the next period's interest is calculated on a slightly larger amount — standard compound interest, compounded quarterly (how most Indian banks structure an FD), which is why the maturity value comes out a little higher than simple interest would give you.
An example
₹1,00,000 for 5 years at 7% a year, compounded quarterly. The maturity value is about ₹1,41,500 — roughly ₹41,500 of interest, before any TDS or tax.
Common questions
How often does FD interest compound?
Quarterly at most Indian banks (the default here). More frequent compounding gives a slightly higher maturity value for the same rate.
Is the maturity amount before or after tax?
Before tax. FD interest is taxable at your slab rate and the bank deducts TDS once yearly interest crosses the threshold. This is the gross figure.
Can I break an FD early?
Usually, with a penalty — interest is recomputed at a lower rate for the period the money actually stayed. This assumes the FD runs to maturity.