FD Calculator

A Fixed Deposit (FD) is one of India's most popular and safest investment options. You deposit a lump sum with a bank or NBFC for a fixed tenure at a guaranteed interest rate. At maturity, you receive your principal plus interest — making FD ideal for risk-averse investors.

Our free FD Calculator calculates your maturity amount, total interest earned, and quarterly/monthly interest payout (for non-cumulative FDs). It supports all Indian bank FD tenures and compounding frequencies. Know your returns before investing.

1. Enter Principal Amount: The amount you want to deposit. E.g., ₹5,00,000.
2. Enter Annual Interest Rate: As offered by your bank. E.g., 7.25% p.a.
3. Enter Tenure: In years, months, or days. E.g., 2 years 6 months.
4. Select Compounding: Quarterly (most common for Indian FDs), monthly, or annual.
5. Click Calculate: Get maturity amount and total interest.

FD Maturity Formula (Cumulative):

M = P × (1 + r/n)^(n×t)

Example: ₹5,00,000 at 7.25% p.a. compounded quarterly for 2 years:

M = 5,00,000 × (1 + 0.0725/4)^(4×2) = ₹5,78,396

Total Interest = ₹78,396

• Guaranteed Returns: FD interest rates are fixed at the time of booking — no market risk.
• Capital Protection: Your principal is safe and insured up to ₹5 lakh per bank per depositor under DICGC (RBI scheme).
• Flexible Tenure: Indian banks offer FDs from 7 days to 10 years.
• Senior Citizen Benefit: Most banks offer an extra 0.25%–0.75% p.a. for senior citizens (60+).
• Loan Against FD: You can take a loan up to 90% of FD value without breaking it.
• Tax-Saving FD: 5-year FD qualifies for ₹1.5 lakh deduction under Section 80C (interest is taxable).