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FD Calculator — Fixed Deposit Maturity Amount

Calculate your exact FD maturity amount with quarterly compounding — which is what most Indian banks use.

Deposit Amount
Interest Rate (Annual)
Period
Your Deposit
Interest Earned
Total Interest Earned—
Maturity Amount—

Understanding FD Interest in India

Most Indian banks compound FD interest quarterly, which is what this calculator uses. Quarterly compounding means the interest earned in the first three months gets added to your principal, and the next quarter's interest is calculated on this higher amount. Over time, this compounding makes a noticeable difference — for a ₹10 lakh FD at 7% for 5 years, quarterly compounding gives you about ₹4,180 more than simple interest.

One important thing many people overlook is the tax implication. If your total FD interest from a bank exceeds ₹40,000 in a year (₹50,000 for senior citizens), the bank deducts TDS at 10%. If your total income is below the taxable limit, submit Form 15G (or 15H for seniors) to avoid this deduction.

💡 FD Laddering: Instead of putting all your money in one long-term FD, split it into 3-4 FDs with different maturity dates. This gives you liquidity at regular intervals and protects against getting locked into a low rate if rates rise.
⚠️ Disclaimer: FD rates vary by bank and may change without notice. This calculator provides estimates based on quarterly compounding. Verify actual rates with your bank before investing.

Related: PPF Calculator (tax-free alternative), SCSS for Senior Citizens.