🏦

FD Calculator

Maturity value of a cumulative fixed deposit, compounded quarterly by default. The rate is fixed the day you open it and does not move.

No market riskGuaranteed returnUntil maturity — premature withdrawal usually carries a rate penalty

Maturity value

₹1,41,478

after 5 years at the return you assumed

You invest

₹1,00,000

Estimated gains

₹41,478

Absolute return

41.5%

total gain on money in

Annualised (CAGR)

7.19%

money held throughout

How it builds up

Maturity value₹1.41 L

Invested70.7%
Gains29.3%

Show what it is worth in today’s money

Maturity value

₹1,41,478

Gains

₹41.5 K

What the number above does not tell you

A maturity figure is only half the picture. These are the terms attached to it.

Risk: No market risk
Guaranteed by: Contractual rate from the bank; deposits insured by DICGC up to ₹5 lakh per bank per depositor
Lock-in: Until maturity — premature withdrawal usually carries a rate penalty
Liquidity: Moderate — breakable, at a cost
Tax treatment: Interest taxed at your income-tax slab rate. TDS applies above the annual threshold.

Worth weighing before you commit

Interest is taxable at your slab rate, so a 7% FD returns roughly 4.9% after tax in the 30% bracket.
If inflation runs above your post-tax return, the deposit loses purchasing power despite the balance rising.
DICGC insurance covers ₹5 lakh per bank per depositor — spread larger sums across banks.

Other calculators

📈SIP 💰Lumpsum 🗓️RD 🛡️PPF 🌸SSY 🧓NPS 💼EPF

Compare these side by side All investment calculators

FD questions, answered

How the arithmetic on this page works, what the projection assumes, and where the output is most often misread.

By compounding the deposit at the contracted rate for the full term. The default here is quarterly compounding, which is the common convention for cumulative deposits — interest is added to the balance every quarter and then earns interest itself. A deposit that pays interest out monthly or quarterly instead of reinvesting it will mature at a lower figure, because nothing is compounding.

A little, and predictably. More frequent compounding on the same nominal rate produces a slightly higher maturity value, because interest starts earning sooner. The gap between quarterly and annual compounding is real but small next to the gap between two different rates, so it is rarely the thing worth optimising for.

That is the defining feature of the product: the rate is agreed on the day you open the deposit and does not move afterwards, whatever happens to rates in the market. That protects you if rates fall and works against you if they rise. Renewal is a fresh decision at whatever rate is being offered then.

Interest on a bank fixed deposit is added to your income and taxed at your slab rate, and banks deduct tax at source once the interest crosses an annual threshold. This calculator reports the pre-tax maturity value, so your actual return is lower — how much lower depends on your slab. Thresholds and rules change with each Finance Act, so check the current year's position.

Most banks pay interest at the rate that applied to the shorter period the money was actually held for, and many apply a penalty on top. The effect is that an early exit can return meaningfully less than the projection on this page, which assumes the deposit runs its full term. If there is a real chance you will need the money, that is worth weighing before locking a long tenure for a slightly better rate.

Please note: this is a calculator, not financial advice, and we are not an adviser, broker or distributor. The figures are arithmetic on the inputs you supply. The return you enter is an assumption; past performance does not predict future returns and no market investment guarantees a result. Taxation depends on your own circumstances and on rules that change. For a decision of any size, speak to a SEBI-registered investment adviser or a qualified chartered accountant.

Switching country…

What the number above does not tell you

A maturity figure is only half the picture. These are the terms attached to it.

Risk

No market risk

Guaranteed by

Contractual rate from the bank; deposits insured by DICGC up to ₹5 lakh per bank per depositor

Lock-in

Until maturity — premature withdrawal usually carries a rate penalty

Liquidity

Moderate — breakable, at a cost

Tax treatment

Interest taxed at your income-tax slab rate. TDS applies above the annual threshold.

Worth weighing before you commit

Interest is taxable at your slab rate, so a 7% FD returns roughly 4.9% after tax in the 30% bracket.
If inflation runs above your post-tax return, the deposit loses purchasing power despite the balance rising.
DICGC insurance covers ₹5 lakh per bank per depositor — spread larger sums across banks.

FD Calculator

How it builds up

What the number above does not tell you

Worth weighing before you commit

Other calculators

FD questions, answered

How is the maturity amount calculated?

Does compounding frequency change the result much?

Is the rate fixed for the whole term?

How is the interest taxed in India?

What happens if I break the deposit before maturity?

FD Calculator

How it builds up

What the number above does not tell you

Worth weighing before you commit

Other calculators

FD questions, answered

How is the maturity amount calculated?

Does compounding frequency change the result much?

Is the rate fixed for the whole term?

How is the interest taxed in India?

What happens if I break the deposit before maturity?