Fixed deposit calculator
Estimate maturity and total interest with your principal, rate, tenure, and compounding frequency—same layout as our EMI tools.
FD inputs
Principal, rate, tenure & compounding
Quick add
Maturity value
Key number₹0
Total amount at maturity including compounding.
Principal
₹13,00,000
Total interest
Earned over tenure
₹0
Maturity
Principal + interest
₹0
Visual insights
Interactive charts — hover for details.
Growth over time
Maturity value by year
Principal vs interest
Share of maturity value
Cumulative interest
Year-by-year interest build-up
Smart insights
High-signal takeaways from your current numbers.
Interest share of maturity
About 0% of your maturity value is interest—higher rates or more frequent compounding usually increases this.
Compounding frequency
More frequent compounding (e.g. quarterly vs annual) typically increases maturity slightly for the same nominal rate.
Year-wise breakdown
| Year | Interest (₹) | Total (₹) |
|---|
Related FD calculator pages
Nearby deposit sizes or tenures—one change at a time.
- FD calculator — ₹14,00,000 (14 lakh) · 3 years
- FD calculator — ₹15,00,000 (15 lakh) · 3 years
- FD calculator — ₹16,00,000 (16 lakh) · 3 years
- FD calculator — ₹18,00,000 (18 lakh) · 3 years
- FD calculator — ₹23,00,000 (23 lakh) · 3 years
- FD calculator — ₹12,00,000 (12 lakh) · 3 years
- FD calculator — ₹11,00,000 (11 lakh) · 3 years
- FD calculator — ₹10,00,000 (10 lakh) · 3 years
- FD calculator — ₹8,00,000 (8 lakh) · 3 years
Guide · India · Deposits
Fixed deposits: steady returns, clear tenure
Why FDs matter for Indian savers
Fixed deposits remain a go-to option for capital preservation and predictable cash-flow planning. Whether you are parking an emergency corpus, laddering tenures, or comparing NBFC vs bank rates, knowing maturity value and interest before you book helps you align with goals—without surprises at renewal.
How this FD calculator works
Enter principal, annual interest rate, tenure in years, and compounding frequency. The estimate shows total interest, maturity amount, charts, and a year-wise breakdown—useful when you are choosing between monthly SIP-style goals and a single FD allocation.
Compound interest form
A = P × (1 + r/n)nt- A = maturity amount
- P = principal
- r = annual rate (decimal)
- n = compounding periods per year
- t = time in years
Cumulative vs payout: what changes?
Cumulative FDs reinvest interest into the deposit—maturity is typically higher. Non-cumulative FDs pay interest monthly, quarterly, or annually to your account—useful for regular income. The calculator above focuses on growth of a cumulative-style balance; payout FDs need cash-flow planning separately.
Key insights
- Shop for rates: small differences in rate or compounding frequency add up over 5–10 years.
- Ladder FDs: splitting money across 1-, 3-, and 5-year FDs can reduce reinvestment risk when rates move.
- Joint and nominee: ensure nomination and correct holding pattern for smoother claim settlement.
Frequently asked questions
- What is a fixed deposit (FD) and who offers it in India?
- A fixed deposit is a lump-sum investment for a fixed tenure at a published interest rate. Scheduled commercial banks, small finance banks, and many NBFCs offer FDs. Terms, rates, and insurance coverage (e.g. DICGC limits for banks) vary—always read the deposit advice.
- How is FD interest calculated?
- Most FDs use compound interest: each period’s interest is added to the balance (or paid out, for non-cumulative options). The general form is A = P × (1 + r/n)^(nt), where P is principal, r is annual rate in decimal, n is compounding periods per year, and t is years. Banks may use their own rounding and day-count conventions.
- Does compounding frequency change the maturity amount?
- Yes. More frequent compounding (e.g. quarterly vs annual) usually yields a slightly higher maturity for the same nominal rate, because interest is credited more often. Compare the same principal and tenure with different frequencies in the calculator above.
- Are FD returns guaranteed?
- FDs quote a fixed rate for the chosen tenure at booking, but banks/NBFCs are subject to business and regulatory risk. Bank deposits have DICGC insurance subject to limits and conditions. NBFC FDs are not the same as bank deposits—read the issuer’s rating and terms.
- Is interest on FD taxable?
- Interest is generally taxable as per your income-tax slab. TDS may apply when interest exceeds thresholds in a financial year. Senior citizens may have exemptions or forms to avoid TDS in some cases—verify with a CA or official guidance for your year.
- What is a tax-saving FD under Section 80C?
- Some banks offer 5-year tax-saving FDs with a lock-in; principal may qualify for deduction under Section 80C within overall caps, subject to conditions. Interest is usually taxable. Rules and limits change with budgets—confirm before investing.
- Will this calculator match my bank statement exactly?
- The tool is illustrative. Actual maturity depends on the bank’s formula, rounding, TDS, leap years, and whether you chose cumulative or payout options. Use your sanction advice or maturity advice as the final reference.
Related calculators
More tools on EasyCal for loans, savings, and planning.
Conclusion
FDs are a simple way to anchor a part of your portfolio in predictable returns. Use the calculator to stress-test rate and tenure, then confirm maturity, TDS, and premature withdrawal rules with your bank or NBFC before investing.