⚡ Free Online Tool

FD Calculator

Calculate fixed deposit maturity and interest — quarterly, monthly, half-yearly, yearly or payout FDs.

FDFixed DepositBankInterest
✓ 100% Free✓ No Sign-up Required✓ Year-wise table
Use your bank's current FD rate for this tenure. Senior citizens usually get about 0.25–0.5% more.
years
months
days

At maturity

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You deposit
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Interest earned
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Maturity value
FD interest is taxable. Banks deduct TDS when your FD interest in a year is more than ₹50,000 (₹1,00,000 for senior citizens) — submit Form 15G/15H if your income is below the taxable limit. Results are estimates; your bank's exact figure can differ slightly.
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Custom Options

Adjust settings to match exactly what you need

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Free Forever

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How To Use

1

Enter the deposit

Type the amount you want to put in the fixed deposit.

2

Add your bank's rate

Enter the FD interest rate your bank offers for that tenure (senior citizens usually get a little more).

3

Set the tenure

Choose years, months and days — for example 1 year 6 months or 444 days.

4

Pick the interest type

Most bank FDs add interest every quarter (cumulative). Choose Payout if you want regular interest instead.

About This Tool

FD Calculator shows how much your bank fixed deposit will be worth at maturity. It uses the standard compound-interest formula banks use for cumulative FDs, and simple interest for payout FDs and deposits shorter than six months.

Frequently Asked Questions

How is FD interest calculated?

For a cumulative FD, banks add interest every quarter: Maturity = P × (1 + r/4)^(4 × years). For payout FDs the interest is paid out, so it is simple interest on the deposit.

Is FD interest taxable?

Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct TDS when your FD interest in a year crosses ₹50,000 (₹1,00,000 for senior citizens).

What is the best tenure for an FD?

It depends on your bank's rate card — banks often pay the highest rate for special tenures such as 444 days or 2–3 years. Enter each option here to compare the maturity value.

Is the result exactly what my bank will pay?

It is very close, but banks may round each quarter or count days slightly differently, so the final figure can differ by a few rupees.

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