Fixed Deposit Calculator

Calculate your maturity amount instantly

Principal Amount

Rate of Interest (% p.a)

Tenure

Deposit Summary

Principal Amount$500,000

Interest Earned$190,210

Maturity Amount$690,210

Maturity Amount

$690,210

Breakdown

Total

$690,210

Principal

Interest

Based on inputs provided by the user. This calculator is for general information purposes only.

How to Use the Fixed Deposit (FD) Calculator

1
Input Principal Deposit Sum — Set your initial term deposit investment (from ₹10,000 up to ₹1 Crore).
2
Specify Bank Interest Rate (% p.a) — Enter the fixed rate offered by your banking institution (usually 6% to 9% for standard depositors; up to 0.5% extra for senior citizens).
3
Select Deposit Tenure — Choose tenure from 1 to 15 years to calculate cumulative compounding returns.
4
View Guaranteed Maturity Proceeds — Inspect total accrued interest, maturity capital sum, and proportion of principal to interest.

Fixed Deposit Compounding Interest Formula

Bank fixed deposits commonly compound interest on a quarterly basis using the standard formula:

A = P × (1 + r / n)^{(n × t)}

AMaturity Amount (Final guaranteed payout at term end)

PPrincipal Initial Deposit Sum

rAnnual Interest Rate (in decimal form: Rate ÷ 100)

nCompounding Frequency per year (n = 4 for standard quarterly compounding)

tTenure Duration in Years

Cumulative vs Non-Cumulative Fixed Deposit Comparison

Choose the right payout structure according to your income needs:

Feature	Cumulative FD	Non-Cumulative FD
Interest Payout	Reinvested quarterly; paid in full at maturity	Paid out monthly, quarterly, or annually
Compounding Benefit	Maximum (Generates interest on accrued interest)	None (Interest is paid out regularly)
Total Wealth Growth	Higher final payout	Lower overall return compared to cumulative
Best Suited For	Long-term wealth builders with no immediate income need	Retirees seeking regular supplementary monthly income

Taxation & TDS Rules on Fixed Deposits

TDS Threshold Limits

Banks deduct 10% TDS if annual FD interest exceeds ₹40,000 for standard depositors (₹50,000 for senior citizens). Submit Form 15G/15H if your taxable income is below exemption limits.

5-Year Tax-Saving FDs

Investing in a 5-year tax-saver FD provides tax deduction under Section 80C up to ₹1.5 Lakh annually with a mandatory 5-year lock-in period.

Frequently Asked Questions

In most commercial banks, fixed deposit interest compounds on a quarterly basis. For tenures shorter than 6 months, simple interest is applied at maturity.

Yes. Almost all banks and financial institutions offer an additional preferential rate of 0.25% to 0.75% per annum for depositors aged 60 and above.

Yes, premature withdrawal is permitted for standard fixed deposits. However, banks charge a penal interest deduction (usually 0.5% to 1.0% below the contracted interest rate). Tax-saving 5-year FDs cannot be broken prematurely.

Yes. Bank deposits are insured up to statutory insurance limits (such as DICGC insurance up to ₹5 Lakh per depositor per bank in India) covering principal and interest.

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