🏦 Fixed Deposit (FD) Calculator

Calculate your FD maturity amount and interest earned instantly. Compare returns across different tenures and rates.

Enter FD Details

₹
%

📊 Your FD Returns

Maturity Amount
₹1,26,034
Invested
79%
Principal Invested
Interest Earned
Principal Amount ₹1,00,000
Total Interest Earned ₹26,034
Total Maturity Amount ₹1,26,034
Compare with SIP →

What Is a Fixed Deposit (FD)?

A Fixed Deposit (FD) is a financial instrument offered by banks and Non-Banking Financial Companies (NBFCs) in India that provides investors with a higher rate of interest than a regular savings account, until the given maturity date. It is one of the safest and most popular investment options in India, especially for risk-averse investors.

You deposit a lump sum amount for a fixed period (tenure) ranging from 7 days to 10 years, and the bank pays you interest at a predetermined rate. At maturity, you receive the original amount (principal) plus the accumulated interest.

How to Use the FD Calculator

  1. Enter the Principal Amount – the amount you want to invest.
  2. Enter the Interest Rate – the annual interest rate offered by your bank.
  3. Enter the Tenure – the duration of the FD in years or months.
  4. Select the Compounding Frequency – most Indian banks compound quarterly.
  5. The calculator instantly shows your Maturity Amount and Interest Earned.

FD Interest Calculation Formula

For compound interest (which most banks use), the formula is:

A = P × (1 + r/n)^(n×t) Where: A = Maturity Amount P = Principal Amount r = Annual Interest Rate (as decimal, e.g., 7% = 0.07) n = Number of compounding periods per year t = Time in years

📌 Example Calculation

Given: Principal = ₹1,00,000 | Rate = 7.5% p.a. | Tenure = 3 years | Compounding = Quarterly

A = 1,00,000 × (1 + 0.075/4)^(4×3)

A = 1,00,000 × (1.01875)^12

A = 1,00,000 × 1.2503

Maturity Amount = ₹1,25,034 | Interest Earned = ₹25,034

Why Use an FD Calculator?

  • Compare FD returns across different banks without manual math
  • Decide the optimal tenure to maximize your returns
  • Understand how compounding frequency affects your earnings
  • Plan your financial goals with accurate maturity projections

Current FD Interest Rates in India (2025)

Bank 1 Year 3 Years 5 Years Senior Citizens
SBI 6.80% 7.00% 6.50% +0.50%
HDFC Bank 7.10% 7.40% 7.00% +0.50%
ICICI Bank 7.00% 7.20% 7.00% +0.50%
Axis Bank 7.10% 7.10% 7.00% +0.75%

*Rates are indicative and subject to change. Always verify with your bank.

FD Calculator – Frequently Asked Questions

What is the minimum amount for opening an FD? +
Most banks in India require a minimum of ₹1,000 to open a Fixed Deposit. Some banks like SBI allow FDs starting from ₹1,000, while others may require ₹5,000 or more.
Is FD interest taxable in India? +
Yes, FD interest is fully taxable as "Income from Other Sources" at your applicable slab rate. Banks deduct TDS at 10% if interest exceeds ₹40,000 per year (₹50,000 for senior citizens). You can submit Form 15G/15H if your income is below the taxable limit.
What is the difference between cumulative and non-cumulative FD? +
In a cumulative FD, interest is compounded and paid at maturity along with the principal. In a non-cumulative FD, interest is paid out at regular intervals (monthly, quarterly, or annually) — suitable for those who need regular income.
Can I break my FD before maturity? +
Yes, most banks allow premature withdrawal of FDs, typically with a 0.5%–1% penalty on the applicable interest rate. Tax-saving FDs (5-year lock-in under 80C) cannot be broken prematurely.
Are small finance bank FDs safe? +
FDs in all RBI-regulated banks are insured by DICGC (Deposit Insurance and Credit Guarantee Corporation) up to ₹5 lakh per depositor per bank. Small Finance Banks offer higher rates but check their ratings before investing.

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