FD Calculator — Fixed Deposit Maturity Amount
Calculate your Fixed Deposit maturity amount with accurate compound interest. Supports quarterly, monthly, half-yearly and annual compounding frequencies.
• Guaranteed returns with capital protection
• Interest rates vary by bank and tenure
• Tax applicable on interest earned
Your FD Results
Enter your details and click Calculate to see results
Compare FD with SIP, Gold & NPS
See how your FD stacks up against other investments in our Wealth Calculator — all in one unified view.
What is a Fixed Deposit Calculator?
An FD calculator helps you calculate the maturity amount of your Fixed Deposit based on the principal, interest rate, tenure, and compounding frequency. Fixed Deposits are one of the safest investment options in India, offered by banks and NBFCs with guaranteed returns.
FD Compound Interest Formula
Our FD calculator uses the standard compound interest formula used by all Indian banks:
Where P = principal, r = annual rate, n = compounding frequency per year, t = tenure in years
Most banks in India compound FD interest quarterly (n=4). Some offer monthly compounding for higher effective yields. Our calculator lets you choose the exact frequency to match your bank's terms.
Current FD Interest Rates in India (2025)
| Bank | 1 Year FD Rate | 3 Year FD Rate | 5 Year FD Rate |
|---|---|---|---|
| SBI | 6.80% | 6.75% | 6.50% |
| HDFC Bank | 6.60% | 7.00% | 7.00% |
| ICICI Bank | 6.70% | 7.00% | 7.00% |
| Axis Bank | 6.70% | 7.10% | 7.00% |
*Rates are indicative and change frequently. Always verify with your bank before investing.
Frequently Asked Questions
Is FD interest taxable?
Yes. FD interest is fully taxable as per your income tax slab. Banks deduct TDS at 10% if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H if your income is below the taxable limit to avoid TDS.
What is the difference between monthly and quarterly compounding?
Monthly compounding (n=12) gives slightly higher returns than quarterly (n=4) because interest is added to principal more frequently. For a ₹1 lakh FD at 7% for 5 years: quarterly gives ₹1,41,478 while monthly gives ₹1,41,763 — a difference of ₹285.
Are FDs safe?
Bank FDs are insured by DICGC (Deposit Insurance and Credit Guarantee Corporation) up to ₹5 lakh per depositor per bank. This makes them one of the safest investment options in India.