Effective yield 7.19% a year
Quarterly compounding makes a 7% FD earn 7.19% a year, before tax.
Fixed Deposit Calculator
Maturity value of a fixed deposit (quarterly compounding).
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Fixed Deposit Calculator
Maturity value of a fixed deposit (quarterly compounding).
1 lakh · type 5k, 1.5L or 2cr
% p.a.
years
Maturity value₹1,41,478
₹1,00,000 at 7% for 5 years matures at ₹1,41,478: ₹41,478 of interest before tax.
- Deposit₹1,00,000
- Interest₹41,478
- Effective yield7.19%
₹1,05,720 in today's money
At 6% inflation, ₹1,41,478 in 5 years buys what ₹1,05,720 buys today.
Purchasing power calculatorDoubles about every 10.0 years
At 7.185903128906279% a year, compounded, each doubling builds on the last.
Year by year
How the fixed deposit (FD) calculator works
Fixed Deposits (FDs) are safe financial instruments offered by banks that pay a guaranteed interest rate over a fixed tenure. In India, bank FD interest is conventionally compounded quarterly. This calculator computes the maturity payout of your deposit.
How to Use: 1. Set the initial "Deposit amount" you want to lock in. 2. Specify the bank's annual "Interest rate". 3. Choose the deposit "Tenure" in years.
Understanding the Results: The "Maturity value" represents the exact guaranteed payout you will receive at the end of the term. The breakdown shows the principal invested versus the total guaranteed interest returns. Because FDs carry no market risk, they are ideal for emergency funds and short-term capital protection.
The formula
Maturity = P × (1 + r/4)^(4t)
- P: the deposit
- r: the annual interest rate as a decimal
- t: the tenure in years
Interest is compounded every quarter, the usual convention for Indian bank fixed deposits.
A worked example
A deposit of ₹1,00,000 at 7% for 5 years, compounded quarterly, matures at about ₹1,41,478: ₹41,478 of interest before tax.
Questions people ask
How is FD maturity value calculated?
Interest is added every quarter and then earns interest itself: maturity = deposit × (1 + rate ÷ 4)^(4 × years). This is the cumulative FD; a payout FD pays the interest out instead, so it does not compound.
Is FD interest taxable?
Yes. FD interest is added to your income and taxed at your slab rate, and banks may deduct TDS above a threshold. The calculator shows figures before tax.
Should I choose an FD or an RD?
An FD invests one amount up front; an RD builds it month by month. At the same rate and tenure an FD earns more interest, because the whole sum is working from the first day. An RD suits money that arrives monthly.
How safe is a bank FD?
Deposits in Indian banks are insured by the DICGC up to a limit per depositor per bank, covering principal and interest. Amounts above the limit carry the bank’s own risk.
Related calculators
- RD Calculator: See what your monthly recurring deposit grows to at maturity, including total interest earned. Free RD calculator with instant results.
- PPF Calculator: Project your PPF balance year by year with annual contributions and the current interest rate. Plan tax-free, long-term savings.
- Compound Interest Calculator: Calculate compound interest on an initial amount plus monthly contributions. See year-by-year growth and total interest earned, free.
Further reading
Sources
Estimates are for illustration only and assume constant returns. Actual returns vary with market conditions. This is not investment advice.