How is FD maturity calculated?

Most bank FDs compound quarterly. Maturity = principal × (1 + rate ÷ 400) raised to (4 × years). Interest earned is the maturity amount minus the principal.

Is FD interest taxable?

Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct TDS if interest crosses the threshold, unless you submit Form 15G or 15H.

Which compounding is best for FD?

More frequent compounding gives slightly more. Most banks compound quarterly; the difference between monthly and quarterly is small over typical tenures.

Home · Tools · FD Calculator

Finance & tax

FD Calculator

See what a fixed deposit grows to. Enter the amount, interest rate and tenure — the calculator compounds it (quarterly by default, as most banks do) and shows the maturity value and interest earned.

All tools GST FD SIP PPF Compound Interest Salary HRA Gratuity

Deposit

Deposit amount

₹

Interest rate 7%

Tenure 5 yrs

Compounding

Maturity value—

Principal—

Interest earned—

Effective annual yield—

How it's calculated

The principal is compounded at the chosen frequency: maturity equals principal times (1 + rate ÷ (100 × n)) raised to (n × years), where n is the number of compounding periods a year. Quarterly compounding — used by most Indian banks — means n is 4.

Maturity = P × (1 + r/(100n))^(n × t). Interest = maturity − principal. Interest is taxable at your slab; TDS may apply.

Frequently asked questions

Cumulative or payout FD?

This assumes a cumulative FD where interest compounds. A payout FD pays interest out, so it doesn't compound.

Senior citizen rates?

Seniors usually get 0.25–0.75% extra — just enter the higher rate.

What about TDS?

This shows gross maturity. Banks deduct TDS on interest above the threshold unless you file Form 15G/15H.

Calculated with PropertiesOnline.in — free property, finance & construction calculators · https://propertiesonline.in