FD calculator
Rs 1,00,000 in a 5 year FD at 7% compounded quarterly matures at Rs 1,41,478, interest of Rs 41,478. Enter the rate your bank offers.
Results update as you type. Nothing you enter is stored.
| Rate | 1 year | 3 years | 5 years |
|---|---|---|---|
| 6.00% | Rs 1,06,136 | Rs 1,19,562 | Rs 1,34,686 |
| 6.50% | Rs 1,06,660 | Rs 1,21,341 | Rs 1,38,042 |
| 7.00% | Rs 1,07,186 | Rs 1,23,144 | Rs 1,41,478 |
| 7.50% | Rs 1,07,714 | Rs 1,24,972 | Rs 1,44,995 |
| 8.00% | Rs 1,08,243 | Rs 1,26,824 | Rs 1,48,595 |
Same compounding frequency as above. Banks may round interest or compound differently for short tenures.
How it works
Bank fixed deposits in India usually compound interest every quarter for cumulative deposits. Enter the rate from your bank's rate card; we do not show any bank's rates.
The table compares the same deposit at slightly lower and higher rates for 1, 3 and 5 years, so you can see what a quarter or half percent difference is worth.
Formula
Maturity = P x (1 + r/4)^(4 x years) for quarterly compounding
- Interest on deposits is taxable as per your income tax slab, and banks may deduct tax at source; this calculator shows pre-tax figures.
Frequently asked questions
How is FD interest calculated?
For a cumulative deposit, interest is compounded, usually quarterly: maturity = P (1 + r/4)^(4t).
Is the FD maturity amount taxable?
The interest is taxable as income. The figures here are before tax.
What is the difference between cumulative and payout FDs?
A cumulative FD adds interest to the deposit until maturity; a payout FD pays interest out monthly or quarterly, so it does not compound.
Related
This tool is for information only and is not investment, tax or legal advice. Results depend on the inputs and assumptions you enter; check important figures with the official source or a qualified professional.