Deposit Amount (Rs)
5,0001 Crore
Tenure (Years)
110
Interest Rate (% per annum)
312
Deposit Amount Interest Earned
Deposit Amount
Rs. 1,00,000
Interest Earned (compounded quarterly)
Rs. 0
Maturity Value
Rs. 0
What is a Fixed Deposit Calculator?
A Fixed Deposit (FD) is a one-time investment with a bank or NBFC where your money earns a fixed rate of interest for a chosen tenure. Unlike mutual funds, the returns are guaranteed and unaffected by market movements. This calculator estimates the maturity value of your FD based on the deposit amount, tenure, and interest rate.
FDs are popular for their safety and predictability, making them suitable for short-term goals or as the “safe” portion of a diversified portfolio, though their returns are typically lower than long-term equity mutual fund investments.
How the Maturity Value is Calculated
Maturity Value = P × (1 + r/4)4t
P: The deposit amount invested
r: Annual interest rate (as a decimal)
t: Tenure in years
4Quarterly compounding frequency, the standard convention most Indian banks use for FDs
Note: Some banks compound FD interest monthly or annually instead of quarterly. If your bank uses a different frequency, your actual maturity value may vary slightly from this estimate. Always confirm the compounding frequency with your bank.
Example: Depositing Rs. 1,00,000 for 5 years at 7% per annum (compounded quarterly) grows to approximately Rs. 1,41,478, earning about Rs. 41,478 in interest.
Frequently Asked Questions
What is an FD calculator?
It estimates the maturity value of a Fixed Deposit based on the principal amount, interest rate, tenure, and compounding frequency.
How is FD maturity value calculated?
A = P(1 + r/n)^(nt), where P is the deposit amount, r is the annual interest rate, n is the compounding frequency, and t is the tenure in years.
Is FD interest taxable?
Yes, interest earned on a Fixed Deposit is added to your taxable income and taxed according to your income tax slab, unless it is specifically a tax-saving FD scheme.
How does compounding frequency affect FD returns?
Quarterly or monthly compounding yields a marginally higher maturity value than annual compounding, for the same nominal interest rate.
Is the FD calculator result exact?
It's a close estimate; the actual maturity value depends on the bank's specific compounding convention and any applicable TDS deductions.