FD Calculator

Estimate the maturity value of your fixed deposit based on the deposit amount, interest rate, and tenure, assuming quarterly compounding.

Your FD details

Deposit amount: ₹2,00,000

FD interest rate: 8.5% p.a.

Tenure: 36 months

Your FD projection

Maturity value

8.5% p.a.

₹2.57 Lakhs

₹2,57,404

after 36 months

Total invested

₹2 Lakhs

₹2,00,000

Total interest earned

₹57,404

+29% gain

22%is interest

Invested₹2.0L

Interest₹57.4K

Balance growth over time

Year-by-year growth

Year	Invested	Interest	Balance
1	₹2,00,000	₹17,550	₹2,17,550
2	₹2,00,000	₹36,639	₹2,36,639
3	₹2,00,000	₹57,404	₹2,57,404

Frequently asked questions

Most Indian banks compound FD interest quarterly. Each quarter, the interest earned so far is added to your principal, and the next quarter's interest is calculated on this larger amount.

Yes. Interest earned on a fixed deposit is added to your taxable income and taxed at your slab rate. Banks deduct TDS if the interest earned in a financial year exceeds the prescribed threshold (₹40,000 for most depositors, ₹50,000 for senior citizens).

Most banks allow premature withdrawal, but charge a penalty (typically 0.5% to 1%) on the applicable interest rate. Tax-saving FDs with a 5-year lock-in cannot be withdrawn early.

Bank FDs typically range from 7 days to 10 years. This calculator supports tenures up to 120 months (10 years), the common upper limit offered by most banks.

A Fixed Deposit (FD) is a one-time lump-sum deposit that earns interest for a fixed tenure. A Recurring Deposit (RD) instead lets you deposit a fixed amount every month, building up your balance gradually. If you have a lump sum to invest now, use this FD calculator; if you want to save a fixed amount monthly, try the RD calculator.

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This calculator assumes a one-time deposit of ₹2,00,000 at 8.5% p.a., compounded quarterly (the standard convention for Indian fixed deposits), over a tenure of 36 months (3.0 years). Actual rates offered by banks vary and FD interest is taxable as per your income tax slab.

FD Calculator

Frequently asked questions

How is FD interest calculated?

Is the FD maturity amount taxable?

Can I withdraw my FD before maturity?

What is the maximum FD tenure?

How is an FD different from an RD?

FD Calculator

Frequently asked questions

How is FD interest calculated?

Is the FD maturity amount taxable?

Can I withdraw my FD before maturity?

What is the maximum FD tenure?

How is an FD different from an RD?