Fixed Deposit Calculator

Calculate the maturity amount and total interest earned on a fixed deposit (FD), given the deposit amount, interest rate, and tenure.

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Last updated
12-09-2026
Enter your FD deposit amount, interest rate, and tenure to calculate the maturity amount and total interest earned, assuming standard quarterly compounding.
₹
The lumpsum amount you're depositing.
%
The annual FD interest rate offered by your bank.
FD tenures in India commonly range from 7 days to 10 years.

Your result

₹1,14,888.18

Maturity amount

Total interest earned₹14,888.18

AI explanation

Formula

Maturity = Principal × (1 + Rate/4/100)^(Tenure in months / 3)

Worked example

₹1,00,000 FD at 7% for 24 months

Worked example: ₹1,00,000 FD at 7% for 24 months
FieldValue
Deposit amount₹1,00,000
Interest rate (per annum)7
Tenure (months)24
Maturity amount₹1,14,888.18
Total interest earned₹14,888.18

Assumptions

  • Assumes quarterly compounding, the most common convention for Indian bank FDs — actual compounding frequency (monthly, quarterly, or at maturity) varies by bank and scheme.
  • Does not account for TDS deducted on FD interest above the threshold set by the Income Tax Department, or premature-withdrawal penalties.

Frequently asked questions

How often is FD interest compounded?

Most Indian banks compound FD interest quarterly, though some schemes compound monthly or pay simple interest at maturity for short tenures. Check your specific FD scheme's terms.

Is FD interest taxable?

Yes, FD interest is fully taxable as "Income from Other Sources" at your applicable income tax slab rate. Banks deduct TDS if interest exceeds the threshold set by the Income Tax Department in a financial year.

What happens if I withdraw my FD before maturity?

Most banks allow premature withdrawal but charge a penalty (commonly 0.5-1% lower interest rate than the applicable rate for the actual tenure held) — check your bank's specific premature-withdrawal terms.

Does the maturity amount include TDS?

No — this shows the gross maturity value before any TDS the bank deducts on interest that exceeds the applicable threshold in a financial year. Your actual credited amount may be lower after TDS.

Can I reinvest the maturity amount automatically?

Yes, most banks offer an auto-renewal option that reinvests the maturity amount (principal plus interest) into a new FD at the interest rate applicable on the renewal date.

Related calculators

Recurring Deposit CalculatorCompound Interest CalculatorPPF Calculator

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Sources

Page last updated 12-09-2026.

This calculator assumes quarterly compounding and does not include TDS, premature-withdrawal penalties, or bank-specific terms. Actual maturity amount offered by a bank may differ slightly based on its compounding convention.

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