Fixed Deposit (FD) Calculator
Calculate FD maturity with different compounding frequencies
Maturity amount
₹1,44,995
- Deposit amount
- ₹1,00,000
- Total interest
- ₹44,995
- Maturity amount
- ₹1,44,995
- Effective annual yield
- 9.00%
- Tenure
- 60 mo
What this calculator does
Fixed deposits are safe investment instruments offered by banks and NBFCs with guaranteed returns. Interest compounds at various frequencies (monthly, quarterly, half-yearly, or annually).
How it is calculated
A = P \times (1 + \frac{r}{n})^{n \times t}Where A = maturity amount, P = deposit amount, r = annual interest rate (decimal), n = compounding periods per year (12/4/2/1), t = tenure in years
Worked example
Deposit ₹1,00,000 for 5 years at 6.5% p.a., quarterly compounding
A = 1,00,000 × (1 + 0.065/4)^(4×5)
₹1,38,041.98 (Interest: ₹38,041.98, Effective yield: ~7.61%)
- Cumulative FD: Interest is reinvested; paid at maturity; maximizes compounding
- Non-cumulative FD: Interest paid out periodically; suited for regular income needs
- Premature withdrawal usually attracts penalty of 0.5%-1% depending on tenure
- Senior citizens typically get 0.5% additional interest rate
Tax and compliance notes
- FD interest is taxable under 'Income from Other Sources'
- Banks deduct TDS if interest exceeds ₹40,000 per year (₹50,000 for senior citizens)
- Submit Form 15G/15H to avoid TDS if total income is below taxable limit
- DICGC insures bank deposits up to ₹5,00,000 per depositor per bank
Current rates
ICICI Bank (1-2 years)
6.70% - 7.05% p.a.
Source: As of August 2025
ICICI Bank (2-5 years)
6.90% - 7.40% p.a.
Source: As of August 2025
Shriram Finance (3-5 years)
7.60% p.a.
Source: As of August 2025
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