Free FD Calculator
Enter your fixed deposit amount, the interest rate and how long you will keep it. You get the maturity amount and the interest you earn.
Note: Results are estimates for learning and planning. They are not financial, tax or investment advice, and actual figures from your bank or lender may differ. See our disclaimer.
How to use FD Calculator
- Enter the amount you will deposit.
- Enter the interest rate your bank offers.
- Enter the period in years and extra months.
- Choose how often interest is added, then click Calculate FD maturity.
About this tool
With compounding, the maturity amount is P × (1 + R ÷ (100 × n))^(n × T), where n is how many times a year interest is added (4 for quarterly). Many Indian banks add interest quarterly. If you choose "only at maturity", simple interest P × R × T ÷ 100 is used. For example, ₹1,00,000 at 7% for 5 years with quarterly compounding gives about ₹1.41 lakh. Banks can round the period differently or use their own day-count, so your bank's figure may differ slightly. Tax and TDS on interest are not included.
Frequently asked questions
How is FD maturity calculated?
The deposit grows by the interest rate for each compounding period. The formula is P × (1 + R ÷ (100 × n))^(n × T).
Which compounding should I pick?
Check your bank's FD terms. Quarterly is common. Cumulative FDs add the interest back, while payout FDs pay it out.
Is FD interest taxable?
Yes, interest is generally taxed as income. TDS may apply. This calculator does not include tax.
What is the difference between FD and RD?
An FD is one deposit made at the start. An RD takes a fixed deposit every month. See the RD Calculator.
Is my data stored?
No. The calculation happens in your browser.