FD Calculator — Fixed Deposit Returns
Estimate your fixed deposit maturity amount and total interest earned before locking in your money. Enter the deposit amount, interest rate, tenure, and compounding frequency to see a complete breakdown. The calculator supports monthly, quarterly, half-yearly, and annual compounding so you can match it to your bank's actual terms. Whether you are parking emergency funds or laddering FDs for regular income, knowing the exact maturity value helps you plan around it confidently.
FD Calculator
Fixed deposit maturity
Results
Adjust the sliders and click Calculate
Frequently Asked Questions
How does fixed deposit interest compounding work?
Banks compound FD interest at regular intervals — monthly, quarterly, half-yearly, or yearly — depending on the bank and the scheme. With quarterly compounding (the most common), interest earned each quarter gets added to the principal, so the next quarter earns interest on a higher amount. This is why the effective yield on an FD is slightly higher than the stated annual rate.
Is FD interest taxable in India?
Yes, interest earned on fixed deposits is fully taxable under "Income from Other Sources." If total FD interest from a bank exceeds Rs 40,000 in a year (Rs 50,000 for senior citizens), the bank deducts TDS at 10%. You still need to report the full interest in your tax return and pay tax at your applicable slab rate. Tax-saver FDs offer a Section 80C deduction on the principal but the interest is still taxed.
Should I choose cumulative or non-cumulative FD?
Cumulative FDs reinvest the interest and pay everything at maturity, which means you benefit from compounding and get a higher total return. Non-cumulative FDs pay interest at regular intervals (monthly or quarterly), which suits retirees or anyone who needs periodic income. If you do not need the cash flow, cumulative is almost always the better option for wealth creation.