Fixed Deposit Calculator
Fixed deposits remain a popular low-risk investment choice for Indian savers. With interest compounding monthly, quarterly, or annually, this calculator shows you exactly how your FD will grow — helping you compare options, estimate maturity, and make informed decisions.
Principal:₹3,00,000
Total Interest:₹0
Total Maturity Value:₹0
📈 FD Growth Over Time (Line Chart)
🍩 Principal vs Interest (Doughnut Chart)
📊 Interest Growth (Bar Chart)
Planning a loan or investment?
Check out our expert-curated guide to maximizing your returns and minimizing EMI burdens.
Learn More📅 Year-wise Breakdown
| Year | Interest (₹) | Total (₹) |
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A Fixed Deposit (FD) is a secure and reliable investment instrument offered by banks and NBFCs, where you deposit a lump sum amount for a fixed tenure at a predetermined interest rate. It provides assured returns and is one of the most popular saving options in India due to its simplicity and safety.
FDs offer compound interest, which means the interest earned each period is added to your principal for calculating future interest. The frequency of compounding—monthly, quarterly, half-yearly, or annually—can impact the final maturity amount. Generally, the more frequently your interest is compounded, the higher your returns will be.
This calculator helps you visualize how your FD grows over time by factoring in your principal, tenure, interest rate, and compounding frequency. It gives you a clear picture of the maturity amount and total interest earned, helping you plan your investments more effectively.
FDs are ideal for conservative investors looking for guaranteed returns. Whether you’re saving for a short-term goal like travel or a long-term plan like a down payment on a home, FDs provide financial discipline and predictability. Many banks also offer tax-saving FDs under Section 80C for a lock-in of 5 years.
With this calculator, you can quickly compare scenarios and choose the FD option that best fits your needs.
📘 How is FD Interest Calculated?
The general compound interest formula used is:A = P × (1 + r/n)nt
- A = Maturity Amount
- P = Principal
- r = Annual Interest Rate (in decimal)
- n = Number of times interest applied per year (frequency)
- t = Time in years
💡 Tips for Fixed Deposit Investors
- Choose compounding frequency wisely — quarterly or monthly gives better returns.
- Compare FD interest rates from different banks and NBFCs before investing.
- Use tax-saving FDs if eligible under Section 80C (5-year lock-in).
- For senior citizens, opt for higher interest rate FDs offered by most banks.
- Consider splitting large FDs across banks for better insurance coverage (₹5 lakh per bank).
🤔 Frequently Asked Questions
- Q: What is the best FD tenure?
A: It depends on your goals. Longer tenures offer higher interest, but early withdrawal can incur penalties. - Q: Can I withdraw FD early?
A: Yes, but with reduced interest or penalties. Some banks allow premature withdrawal after a minimum lock-in. - Q: Is FD interest taxable?
A: Yes. Interest earned above ₹40,000/year (₹50,000 for seniors) is subject to TDS under Section 194A. - Q: Are FDs safe?
A: Yes. Bank FDs are insured up to ₹5 lakh under DICGC per bank account holder.