Calculate your FD maturity amount and interest earned
Fixed Deposits (FDs) are investment instruments offered by banks and NBFCs where you can deposit a lump sum amount for a fixed tenure at a predetermined interest rate. They offer guaranteed returns and are considered low-risk investments.
Deposit Amount
₹5,00,000
Interest Earned
₹2,24,364
Maturity Value
₹7,24,364
Effective Yield
7.5%
| Year | Opening Balance | Interest | Closing Balance |
|---|---|---|---|
| 1 | ₹5,00,000 | ₹38,906 | ₹5,38,906 |
| 2 | ₹5,38,906 | ₹41,920 | ₹5,80,826 |
| 3 | ₹5,80,826 | ₹45,183 | ₹6,26,009 |
| 4 | ₹6,26,009 | ₹48,708 | ₹6,74,717 |
| 5 | ₹6,74,717 | ₹52,512 | ₹7,27,229 |
FDs are one of the safest investment options with guaranteed returns.
Earn a predetermined interest rate regardless of market fluctuations.
Choose tenure from 7 days to 10 years based on your financial goals.
Our free fixed deposit calculator helps you accurately calculate your FD maturity amount and total interest earned. Plan your fixed deposit investments with precise calculations for simple interest and compound interest FDs across different banks and tenure periods.
Compare FD interest rates from different banks, understand payout frequency options (monthly, quarterly, cumulative), and make informed investment decisions to maximize your returns with risk-free fixed deposits.
Precise calculations for both simple and compound interest FDs with support for different compounding frequencies and payout options.
Compare FD rates across major banks and financial institutions to choose the best option for your investment goals.
Calculate for any tenure from 7 days to 10 years with support for different day count conventions used by banks.
Understand TDS deductions and tax liability on your FD interest income with clear explanations of tax rules.
Make informed FD investment decisions with accurate calculations and comprehensive comparison tools for maximum returns.
In cumulative FD, interest is compounded and paid at maturity, giving higher returns. In non-cumulative FD, interest is paid out periodically (monthly/quarterly), providing regular income but lower overall returns due to no compounding benefit.
FD interest is typically calculated using: Simple Interest = (P × R × T) / 100 or Compound Interest = P(1 + R/n)^(n×T) - P, where P=Principal, R=Rate, T=Time, n=Compounding frequency. Our calculator handles both methods accurately.
Yes, most banks charge penalty for premature withdrawal - typically 0.5-1% lower interest rate than contracted rate. Some banks may not allow withdrawal before 3-6 months. Always check the bank's specific terms before investing.
Yes, FD interest is fully taxable as 'Income from Other Sources' under your applicable income tax slab. Banks deduct TDS @ 10% if interest exceeds ₹40,000 (₹50,000 for senior citizens) annually. Our calculator helps estimate post-tax returns.
Most banks offer FDs from 7 days to 10 years. Minimum deposit amounts vary by bank (typically ₹1,000-₹10,000). Senior citizens often get 0.25-0.50% higher interest rates across all tenures.