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Fixed deposit calculator
What your FD pays at maturity, and what it keeps after tax.
Put in the deposit, the rate your bank quoted, the tenure and how often interest is added. You get the maturity value, the interest earned and a year-by-year table. Then scroll down for the part most bank calculators leave out: tax and rising prices.
- Worked example
- ₹1,00,000 for 1 year at 7.5%, compounded quarterly₹1,07,714
- Rate is an assumed rate for illustration. Your bank's card rate decides the real number.
At maturity
₹7,07,389
- You deposit
- ₹5,00,000
- Interest earned
- ₹2,07,389
- Effective yearly yield
- 7.19%
Figures are before tax. The rate you enter is an assumed rate for illustration; deposit rates change and differ by bank, tenure and age.
Year by year
How the balance grows each year at the rate and compounding you picked above. The last row is your maturity.
| Year | Opening balance | Interest that year | Closing balance |
|---|---|---|---|
| Turn on JavaScript to see the table. | |||
Same deposit, four ways
Does compounding frequency matter?
A little. On ₹5 lakh for 5 years at 7%, monthly compounding beats yearly by about ₹7,500. Useful to know, but the rate itself and the tax you pay move the result far more than this choice.
7% is an assumed rate for illustration.
| Interest added | Maturity value | Interest earned |
|---|---|---|
| Yearly | ₹7,01,276 | ₹2,01,276 |
| Half-yearly | ₹7,05,299 | ₹2,05,299 |
| Quarterly | ₹7,07,389 | ₹2,07,389 |
| Monthly | ₹7,08,813 | ₹2,08,813 |
The number after tax and prices
FD interest is added to your income and taxed at your slab every year, whether or not you withdraw it. Here is the same ₹5 lakh deposit, followed to the end.
- Maturity value before tax₹7,07,3895 years, 7% quarterly (assumed rate for illustration)
- Less tax at 30% slab plus 4% cess− ₹64,70531.2% of ₹2,07,389 interest
- What you take home₹6,42,684Post-tax yield near 5.1% a year
- In today's money, if prices rise 6% a year₹4,80,251Less buying power than the ₹5 lakh you put in
Tax figures use rules as of 2026, check current rules. Banks deduct TDS on FD interest above a yearly threshold per bank (higher for senior citizens); TDS is not the final tax, your slab is. Inflation of 6% is an assumption, not a forecast.
Where an FD fits
Good for some money, not all of it
We are not against fixed deposits. They are simple and predictable, and bank deposits are covered by DICGC deposit insurance up to ₹5 lakh per depositor per bank. We just like each rupee to sit where its job is.
- Use an FD for money you need in under 3 years, a part of your emergency fund, or a known payment like next year's school fees.
- Think twice for goals 7 or more years away. After tax and price rise, the real growth is close to nothing for anyone in the 20% or 30% slab.
- Split it if you hold a lot. Several smaller FDs with staggered maturities let you break one without touching the rest, and keep each bank under the ₹5 lakh cover.
- Senior citizens usually get a higher rate. Pair it with a plan for monthly income instead of one large deposit.
Options people compare with an FD
Each has a different mix of risk, tax and access. We explain them in plain words and help you choose.
Corporate FDs
Higher rates than banks, but no deposit insurance. Credit rating matters. Companyrisk depends on rating Read moreDebt mutual funds
Market-linked, no fixed rate, can be redeemed any working day. Marketvalue moves daily Read moreLiquid funds
For parking surplus cash for days to months. Shortvery short maturity papers Read moreBonds
Fixed coupon, held to maturity or sold on the exchange. Fixedcoupon, issuer risk Read moreMutual fund investments are subject to market risks, read all scheme related documents carefully.
FD maturing soon?
Ask before you renew it on auto-pilot.
Tell us the amount and when it matures. We reply on WhatsApp with whether to renew, split it, or move part of it towards a longer goal, and what each choice means after tax.
How is FD maturity value calculated?
Maturity = P × (1 + r/n)n × t, where P is the deposit, r the yearly rate as a decimal, n how many times a year interest is added and t the tenure in years. This page uses the same formula. Banks may round a little differently, so expect a gap of a few rupees.
Is FD interest taxable even if I do not withdraw it?
Yes. Interest on a cumulative FD is taxable each year as it accrues, at your income slab. Many people only notice at maturity, when TDS has already been cut every year. Rules as of 2026, check current rules.
What is the difference between cumulative and payout FDs?
A cumulative FD adds interest back to the deposit, so it compounds, and you get everything at the end. A payout FD sends interest to your account monthly or quarterly, so it does not compound. This calculator shows the cumulative case.
What happens if I break an FD early?
Most banks pay the rate applicable for the period the money actually stayed, minus a penalty, often around 0.5% to 1%. A 5-year tax-saver FD under Section 80C cannot be broken before 5 years.
Should I move my FD to mutual funds?
Not all of it, and not by default. Money needed within a few years usually belongs in an FD or a short-term debt option. Money for goals 7 or more years away can go partly to equity through SIP, after we look at your risk comfort. Mutual fund investments are subject to market risks, read all scheme related documents carefully.