Calculate fixed deposit maturity online
₹41,478
Interest earned
₹1,41,478
Maturity amount
Assumes quarterly compounding, the common convention for Indian bank FDs — actual bank terms may differ.
Enter your deposit amount, interest rate, and tenure to see your fixed deposit's maturity value and interest earned, calculated using quarterly compounding — the convention most Indian banks use for FDs. Results update instantly as you type; everything runs in your browser.
Quarterly compounding is the Indian bank convention
Most Indian bank fixed deposits compound interest quarterly, which is what this calculator assumes. Compounding frequency matters more than it appears: the same nominal rate compounded quarterly yields more than compounded annually, because interest starts earning interest sooner. Some deposits and NBFC products compound monthly, half-yearly, or pay simple interest, so check your specific product if the numbers do not match the bank's own figure.
TDS reduces what you actually receive
Banks deduct tax at source on FD interest above a threshold in a financial year, and that interest is taxable at your slab rate regardless. This calculator shows gross interest, so your realised return will be lower. For anyone in a higher tax bracket, the post-tax return on an FD is often close to or below inflation, which is worth weighing before locking money away for years.
The cost of breaking early
Premature withdrawal typically incurs a penalty and the interest is recalculated at the rate applicable for the period actually held, not the rate you were promised. Breaking a five-year FD after eighteen months can leave you with substantially less than expected. Splitting a large deposit across several smaller FDs is a common way to keep flexibility, since you can break one without disturbing the rest.
Frequently asked questions
- Why quarterly compounding?
- Most Indian bank fixed deposits compound interest quarterly, so this tool uses that convention by default. Some banks or deposit types may compound differently — check your specific FD's terms.
- Does this account for TDS on FD interest?
- No, this shows gross interest earned. Banks deduct TDS on FD interest above a threshold per financial year, which would reduce your actual payout.
- Is my data sent anywhere?
- No, calculation happens locally in your browser. Nothing is transmitted.
- Why does my bank quote a different maturity amount?
- Compounding frequency is the usual reason. This assumes quarterly, which is standard for Indian bank FDs, but some products compound monthly or half-yearly.
- Is FD interest taxable?
- Yes, at your income slab rate, and banks deduct TDS above a threshold. The figures here are before tax.