Free Investment Tool
FD Calculator
Calculate your Fixed Deposit returns online free. Compare cumulative vs non-cumulative FD, check maturity amounts for different tenures and compounding frequencies.
Maturity Amount
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Total Interest
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Effective Yield
FD Calculator: Calculate Your Fixed Deposit Returns Online
Our FD calculator is a free online tool that computes the maturity amount and interest earned on your Fixed Deposit. Whether you are investing in a bank FD, post office FD, or corporate FD, this calculator provides accurate projections based on your principal, interest rate, tenure, and compounding frequency.
Fixed Deposits are one of the most popular and safest investment options in India, offering guaranteed returns with capital protection. Understanding your potential returns helps you make informed investment decisions and compare different FD options across banks.
How to Use the FD Calculator
- Enter Deposit Amount: Input the amount you plan to invest in the FD.
- Enter Interest Rate: Input the annual interest rate offered by the bank or financial institution.
- Enter Tenure: Input the number of years for which you will hold the FD.
- Select Compounding: Choose how often interest compounds — yearly, half-yearly, quarterly, or monthly.
- Click Calculate: See your maturity amount, total interest earned, and effective yield.
FD Formula and Calculation
A = P × (1 + r/n)^(n×t)
Where:
A = Maturity Amount
P = Principal (initial deposit)
r = Annual Interest Rate (in decimal)
n = Number of times interest is compounded per year
t = Tenure in years
Worked Example:
Deposit: ₹1,00,000 | Rate: 7% p.a. | Tenure: 5 years | Compounding: Quarterly
A = 1,00,000 × (1 + 0.07/4)^(4×5)
A = 1,00,000 × (1.0175)^20
Maturity Amount = ₹1,41,476
Total Interest = ₹41,476 | Effective Yield = 7.19%
How Compounding Frequency Affects Returns
For ₹1,00,000 at 7% for 5 years:
- Yearly Compounding: Maturity = ₹1,40,255 | Interest = ₹40,255
- Half-Yearly: Maturity = ₹1,41,059 | Interest = ₹41,059
- Quarterly: Maturity = ₹1,41,476 | Interest = ₹41,476
- Monthly: Maturity = ₹1,41,763 | Interest = ₹41,763
- Daily: Maturity = ₹1,41,910 | Interest = ₹41,910
Quarterly compounding is the most common for bank FDs in India. While monthly compounding gives slightly higher returns, the difference is marginal for most deposit amounts.
Cumulative vs Non-Cumulative FD
- Cumulative FD: Interest is compounded and paid at maturity. Best for wealth accumulation and long-term goals. Higher effective returns due to compounding.
- Non-Cumulative FD: Interest is paid out periodically (monthly, quarterly, or annually). Best for regular income needs — ideal for retirees and pensioners. Lower effective returns as interest is not reinvested.
Tax on FD Interest
Interest earned on FDs is fully taxable as per your income tax slab. Key points:
- Banks deduct 10% TDS if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.
- Submit Form 15G/15H if your income is below the taxable limit to avoid TDS deduction.
- Tax-saving FDs (5-year lock-in) qualify for deduction under Section 80C up to ₹1.5 lakh/year.
- Interest on tax-saving FDs is taxable even though the principal is tax-deductible.
Why Use CalculatorForAll FD Calculator?
- Multiple Compounding Options: Yearly, half-yearly, quarterly, and monthly.
- Clear Breakdown: Principal, interest, and maturity amount displayed clearly.
- Effective Yield: See the actual annual return accounting for compounding.
- 100% Free: No registration, no hidden charges.
- Privacy First: All calculations in your browser — no server data transfer.
- Instant Results: Get accurate FD projections in real time.
- Mobile Friendly: Works perfectly on all devices.
Popular FD Searches
Frequently Asked Questions
How is FD maturity amount calculated?
FD maturity is calculated using compound interest: A = P × (1 + r/n)^(n×t), where A is the maturity amount, P is the principal deposit, r is the annual interest rate, n is the compounding frequency (1=yearly, 4=quarterly, 12=monthly), and t is the tenure in years. For example, ₹1,00,000 at 7% compounded quarterly for 5 years: A = 1,00,000 × (1 + 0.07/4)^(4×5) = ₹1,41,476.
What is the FD return on ₹1 lakh for 1 year?
A ₹1 lakh FD for 1 year at 7% interest: Simple interest = ₹7,000. Quarterly compounding = ₹7,186. At 7.5%: Simple = ₹7,500; Quarterly compounding = ₹7,712. Post Office FD currently offers around 7.5% for 1 year. Senior citizens get 0.5% higher rates. Use our FD interest calculator to check exact returns for your bank's rate.
What is the FD return on ₹5 lakh for 3 years?
A ₹5 lakh FD for 3 years at 7.5% compounded quarterly: Maturity = ₹6,25,678. Total interest = ₹1,25,678. At 8%: Maturity = ₹6,34,120. Interest = ₹1,34,120. Senior citizen rates add 0.5%: at 8% for 3 years = ₹6,37,848. Use our fixed deposit calculator to check different combinations of principal, rate, and tenure.
What is the difference between simple interest and compound interest in FD?
Simple interest FD: Interest is paid periodically (monthly/quarterly) and not reinvested. The principal remains the same. Compound interest FD: Interest is reinvested and earns further interest. For example, ₹1 lakh at 7% for 5 years: Simple = ₹35,000 interest. Quarterly compounding = ₹41,530 interest. Compounding gives ₹6,530 more. Most bank FDs use quarterly compounding.
How does compounding frequency affect FD returns?
Higher compounding frequency = higher returns. For ₹1,00,000 at 7% for 5 years: Yearly compounding: ₹1,40,255. Half-yearly: ₹1,41,059. Quarterly: ₹1,41,476. Monthly: ₹1,41,763. Daily: ₹1,41,910. The difference increases with larger amounts and longer tenures. Our FD calculator lets you choose the compounding frequency to match your bank's policy.
What is the current FD interest rate in India?
Current FD interest rates in India (2026) vary by bank: SBI: 6.5-7.5% for general, 7-8% for senior citizens. HDFC Bank: 6.75-7.75% general, 7.25-8.25% senior. ICICI Bank: 6.5-7.5% general, 7-8% senior. Post Office: 6.9-7.5%. Small Finance Banks: up to 8.5%. Rates depend on tenure — typically higher for 1-3 year tenures. Senior citizens get 0.5% additional interest.
How much tax is deducted on FD interest?
TDS (Tax Deducted at Source) on FD interest: If total interest exceeds ₹40,000 in a financial year (₹50,000 for senior citizens), banks deduct 10% TDS. If you do not have PAN, TDS is 20%. Submit Form 15G/15H if your total income is below the taxable limit to avoid TDS. The interest earned is added to your income and taxed as per your income tax slab.
What is the minimum and maximum FD tenure?
FD tenures in India range from 7 days to 10 years. Common tenures: 7-14 days, 1-3 months, 6 months, 1 year, 2 years, 3 years, 5 years. Some banks offer 7-year, 10-year FDs. Tax-saving FDs have a 5-year lock-in. Post Office FDs range from 1-5 years. Longer tenures typically earn higher interest rates. Use our FD maturity calculator to find the best tenure.
What happens if I break my FD before maturity?
Premature withdrawal of FD attracts a penalty, typically 0.5-1% of the interest rate. For example, if your FD earns 7% and you withdraw early, the bank may pay interest at 6-6.5% for the period the FD was held. Some banks do not allow premature withdrawal of tax-saving FDs. Cumulative FDs pay principal + interest on premature closure. Non-cumulative FDs pay interest periodically regardless.
What is the difference between cumulative and non-cumulative FD?
Cumulative FD: Interest is compounded and paid at maturity along with the principal. Best for wealth accumulation. Non-cumulative FD: Interest is paid out periodically (monthly, quarterly, half-yearly, or annually). Best for regular income needs (retirees, pensioners). For example, a ₹5 lakh FD at 7.5% cumulative for 3 years = ₹6,25,678. Non-cumulative monthly payout = ₹3,125 per month.
Which FD gives the highest return?
The highest FD returns in India are typically offered by: Small Finance Banks (8-8.5%), Corporate FDs (8-10% but higher risk), Post Office FDs (7.5%), and NBFC FDs. However, higher returns come with higher risk. Bank FDs up to ₹5 lakh are insured by DICGC. For optimal returns, consider a ladder strategy — split your investment across different tenures and institutions.
What is a tax-saving FD?
A tax-saving FD is a fixed deposit with a 5-year lock-in period that qualifies for tax deduction under Section 80C of the Income Tax Act, up to ₹1.5 lakh per year. Interest earned is taxable. These FDs cannot be prematurely withdrawn. They are offered by most banks and the interest rate is the same as regular FDs of similar tenure. Senior citizens get 0.5% higher rates on tax-saving FDs as well.