Fixed Deposit Calculator
A fixed deposit pays a set interest rate for a fixed time. Enter your deposit, the rate and tenure to see what it will be worth at maturity and how the balance grows.
Results
Maturity value
₹7,07,389.10
- Interest earned
- ₹2,07,389.10
- Deposit amount
- ₹5,00,000
- Effective annual yield
- 7.186%
₹5,00,000.00 in a fixed deposit at 7% for 5 years matures at ₹7,07,389.10, earning ₹2,07,389.10 in interest.
Deposit growth
- Principal
- Interest earned
Balance by year (5 rows)
| Period | Interest so far | Balance |
|---|---|---|
| Year 1 | ₹35,929.52 | ₹5,35,929.52 |
| Year 2 | ₹74,440.89 | ₹5,74,440.89 |
| Year 3 | ₹1,15,719.66 | ₹6,15,719.66 |
| Year 4 | ₹1,59,964.68 | ₹6,59,964.68 |
| Year 5 | ₹2,07,389.10 | ₹7,07,389.10 |
Show the calculation steps
- Rate per compounding period = 7% ÷ 4 = 1.75%.
- Maturity = P × (1 + r ÷ n)^(n × t) = ₹5,00,000.00 × (1 + 0.0175)^20 = ₹7,07,389.10.
- Effective annual yield = (1 + r ÷ n)^n − 1 = 7.186%.
- Interest on deposits is taxable and TDS may be deducted by the bank. Results are before tax.
How FD interest is calculated
Banks add the interest to your balance at regular intervals, most commonly every quarter, and then pay interest on the larger balance. This is compound interest, which is why the maturity value is more than simple interest would give.
Cumulative or payout?
This calculator models a cumulative deposit, where interest is reinvested until maturity. If you want regular income instead, use the FD monthly interest calculator.
Formula
Maturity = P × (1 + r ÷ n)^(n × t)
Interest = Maturity − P
Where:
- P
- = Deposit amount
- r
- = Annual interest rate as a decimal
- n
- = Compounding periods per year
- t
- = Tenure in years
Example calculation
₹5,00,000 at 7% for 5 years, compounded quarterly
Inputs
- Deposit Amount
- ₹5,00,000
- Interest Rate
- 7 %
- Deposit Tenure
- 5 years
- Interest Compounded
- Quarterly
Result
- Maturity value
- ₹7,07,389.10
- Interest earned
- ₹2,07,389.10
- Deposit amount
- ₹5,00,000
- Effective annual yield
- 7.186%
Step-by-step
- Rate per compounding period = 7% ÷ 4 = 1.75%.
- Maturity = P × (1 + r ÷ n)^(n × t) = ₹5,00,000.00 × (1 + 0.0175)^20 = ₹7,07,389.10.
- Effective annual yield = (1 + r ÷ n)^n − 1 = 7.186%.
Important notes
- Results are estimates based on the values you enter. They assume the rates stay constant and exclude taxes and fees unless stated.
Disclaimer: This calculator provides estimates for informational purposes and should not be considered financial advice. Actual figures from lenders, banks and investment products can differ because of fees, taxes, rounding rules and changing rates. Consult a qualified professional before making financial decisions.
Frequently asked questions
How is FD maturity calculated?
Maturity = P × (1 + r ÷ n)^(n × t), where n is the number of compounding periods per year.
Is FD interest taxable?
Yes, interest is added to your income and taxed at your slab rate; banks may deduct TDS above a threshold.
What happens if I break an FD early?
Banks usually pay a lower rate and charge a penalty. See the tenure and rate your bank confirms.
Related calculators
- FD Maturity CalculatorFind your fixed deposit's maturity amount and maturity date, including any extra rate for senior citizens.
- Recurring Deposit CalculatorCalculate the interest and maturity value of a recurring deposit from your monthly instalment, rate and tenure.
- FD Monthly Interest CalculatorWork out the monthly, quarterly and yearly interest a fixed deposit can pay out as regular income.
- RD Maturity CalculatorFind how much your recurring deposit will be worth at maturity, and how much of it is your own money.
Explore more in Savings & Deposit Calculators.