Calculate your Fixed Deposit maturity amount and interest earned instantly.
This tool calculates the maturity value of a Fixed Deposit (FD) — a lump-sum investment held with a bank for a fixed tenure at a guaranteed interest rate. It's used to estimate returns before committing funds to an FD.
Maturity Value = P × (1 + r/n)^(n×t), where P is the principal deposit, r is the annual interest rate, n is the compounding frequency per year (commonly quarterly for FDs), and t is the tenure in years.
Enter your deposit amount, interest rate, tenure, and compounding frequency, and the calculator returns the maturity value and total interest earned.
Example: Depositing ₹1,00,000 for 5 years at 7% annual interest, compounded quarterly, grows to approximately ₹1,41,478 at maturity.
Why do FDs typically offer better rates than regular savings accounts? Since FD funds are locked in for a fixed tenure, banks can plan their lending and investment activities more predictably, generally allowing them to offer higher interest rates in exchange for reduced liquidity for the depositor.
What happens if I withdraw an FD before maturity? Premature withdrawal is usually allowed but typically comes with a penalty, often a reduced interest rate applied for the actual holding period, so it's generally best to select a tenure aligned with when you'll actually need the funds.
Is FD interest taxable? Yes, interest earned on FDs is generally taxable as per the depositor's income tax slab, and banks typically deduct TDS if interest exceeds a specified threshold within a financial year.
How does compounding frequency affect FD returns? More frequent compounding (like quarterly versus annually) results in a slightly higher effective return for the same nominal interest rate, since interest gets added to the principal and starts earning its own interest sooner.
Are FD returns guaranteed? Yes, unlike market-linked investments, FDs offer a fixed, guaranteed interest rate for the agreed tenure, making them a low-risk savings option, though this generally comes with lower potential returns compared to market-linked alternatives.