Fixed Deposit Calculator
Fixed Deposit Calculator (FD Calculator): Calculate Interest and Maturity Amount Online in India
A Fixed Deposit Calculator helps estimate the maturity amount and interest earned by entering deposit amount, interest rate, tenure, and compounding frequency, enabling quick financial planning decisions without manual math errors. This online FD calculator mirrors how Indian banks compute returns, including quarterly or monthly compounding and payout options, so results feel familiar and actionable.
Why use this calculator
The tool instantly shows the maturity amount and total interest based on the entered principal, rate, and tenure, removing guesswork and improving clarity before opening or renewing an FD. It supports typical Indian FD features such as cumulative (on‑maturity) growth or periodic interest payouts, aligning with how banks quote and service fixed deposits.
How it works
Enter the principal, choose tenure, select the interest payout mode (on maturity, monthly, quarterly, half‑yearly, or annually), and view the projected maturity and interest instantly. Many Indian institutions calculate FD returns with compounding (often quarterly), so the calculator applies the corresponding compounding frequency selected for realistic estimates.
FD interest formula
For compound interest FDs, maturity is calculated with the standard compounding formula A=P(1+rn)ntA=P(1+nr)nt, where PP is principal, rr annual rate, nn compounding periods per year, and tt years. For simple‑interest FDs, banks use M=P+P×R×T100M=P+100P×R×T with RR in percent and TT in years, though most bank FDs in India commonly use compounding for cumulative options.
India‑specific features
Indian providers commonly offer senior citizen rate boosts, tenure‑linked rate slabs, and multiple payout frequencies that affect realized returns and cash flow. Selecting “senior citizen” or a specific payout schedule in a calculator reflects these differences in indicative results.
Inputs and outputs
- Inputs: principal amount, annual interest rate, tenure, and compounding frequency or payout mode (cumulative vs periodic).
- Outputs: maturity amount, total interest earned, and if applicable, indicative periodic payout amounts for the chosen frequency.
When to choose cumulative vs payout
A cumulative FD (interest paid on maturity) benefits from compounding and typically produces a higher maturity value for the same rate and tenure. Periodic payout options (monthly/quarterly) provide regular income but reduce the compounding effect, which can lower the final maturity compared to cumulative growth.
Senior citizen considerations
Senior citizen FDs often carry a higher rate than standard FDs, improving interest accrual and maturity value for the same principal and tenure. Use the senior citizen option in the calculator to reflect the higher rate and assess the incremental benefit in rupee terms.
Safety and insurance
Bank FDs in India are covered by deposit insurance up to ₹5 lakh per depositor per bank through DICGC, enhancing capital safety for typical retail depositors. While the calculator focuses on returns, factoring deposit insurance limits helps with diversification decisions across banks.
TDS and taxation note
Indicative maturity values shown by many calculators are typically before TDS and personal tax, and actual payouts may be subject to TDS based on prevailing rules and thresholds. Always treat the displayed result as indicative, with final proceeds adjusted for TDS and the timing of interest crediting.
How to use on this page
- Enter deposit amount, annual rate, and tenure, then select compounding/payout mode to view maturity and interest in real time.
- Adjust tenure and payout frequency to compare cumulative vs periodic outcomes and align returns with income needs or growth goals.
Example scenarios
- Growth planning: choose cumulative with quarterly or annual compounding to maximize maturity value over multi‑year horizons.
- Income planning: choose monthly or quarterly payouts for predictable cash flows, recognizing the trade‑off with lower compounding.
Tips to optimize FD returns
Comparing tenures and payout modes in the calculator highlights rate slabs and compounding effects that drive maturity differences. Longer tenures may carry different rates than shorter ones at many issuers, so testing multiple durations can reveal better indicative outcomes for the same principal.
Frequently asked questions
How is FD interest calculated in India?
Most cumulative FDs use compounding, with maturity computed by A=P(1+rn)ntA=P(1+nr)nt, where nn often reflects quarterly or yearly compounding depending on issuer terms. Simple‑interest FDs, when offered, apply M=P+P×R×T100M=P+100P×R×T, though compounding is more common for on‑maturity growth.
What compounding frequency should be used?
Select the compounding frequency according to the FD’s terms; many Indian bank FDs quote cumulative returns with quarterly compounding for on‑maturity payouts. If opting for periodic payouts (monthly/quarterly), the calculator reflects interest credited at that frequency rather than compounding until maturity, changing realized outcomes.
Are FD maturity values subject to TDS?
Indicative calculator values are typically before TDS; actual interest payments may be subject to TDS based on the applicable tax rules and thresholds at the time of credit. Many issuers note that calculator outputs are estimates and can vary with TDS deductions and bank‑specific periodic calculations.
Is an FD safe?
Bank FDs are generally considered low risk and benefit from DICGC insurance up to ₹5 lakh per depositor per bank, improving protection for typical balances. Diversifying deposits and adhering to insurance limits are common practices for risk‑aware savers.
Cumulative vs monthly interest—what’s better?
Cumulative FDs usually yield a higher maturity due to compounding, better for growth planning over a fixed horizon. Monthly or quarterly payouts improve cash flow stability but reduce compounding, which can lower the final maturity compared to a cumulative option.
Do senior citizens get higher FD rates?
Many providers offer preferential rates to senior citizens, increasing total interest and maturity for the same principal and tenure. Use the senior option in the calculator to view the indicative uplift.
Use this FD calculator to compare tenures, payout modes, and rate scenarios to plan growth or income while considering tax and insurance context for a complete decision framework. Structured FAQs, clean meta, and topical internal links further enhance discoverability and click‑through while staying within Google’s guidance for helpful, people‑first content.