FD calculator
Fixed deposit maturity and interest.
Your inputs
Use your bank's rate for this tenure.
Compounding
Results
Your inputs
| Deposit amount | ₹5,00,000 |
|---|---|
| Interest rate (per year) | 6.5% |
| Deposit tenure | 5 years |
| Compounding | Quarterly |
Maturity value
₹6,90,210
- Amount invested
- ₹5,00,000
- Interest earned
- ₹1,90,210
- Interest rate (per year)
- 6.50%
- Effective yearly yield
- 6.66%
- Amount invested₹5,00,000(72%)
- Interest earned₹1,90,210(28%)
See how a different amount, return or period changes the result, side by side.
Year-by-year breakdown
| Year | Deposit | Interest | Balance |
|---|---|---|---|
| 1 | ₹5,00,000 | ₹33,301 | ₹5,33,301 |
| 2 | ₹0 | ₹35,519 | ₹5,68,819 |
| 3 | ₹0 | ₹37,884 | ₹6,06,704 |
| 4 | ₹0 | ₹40,407 | ₹6,47,111 |
| 5 | ₹0 | ₹43,099 | ₹6,90,210 |
Assumptions and method
Formula
- Maturity = P · (1 + r / f)^(f · t), f = compounding periods a year
Modelling notes
- Interest compounds quarterly: P·(1 + r/4)^(4·t).
Not included
- Future rate revisions: the current rate is assumed for the whole term.
- Income tax on interest, where applicable.
This is an illustration at the rate you entered. Actual amounts depend on your bank's or lender's terms and future rate revisions.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
How it works
A fixed deposit (FD) earns a fixed rate for a fixed term. In a cumulative FD, interest compounds (usually quarterly) and is paid at maturity: P × (1 + r/f)^(f × t).
Frequently asked questions
Is FD interest taxable?
Yes, at your slab rate, every year as it accrues, even in a cumulative FD.
Which compounding should I pick?
Most Indian banks compound quarterly. Check your bank’s terms.