FD Calculator Fixed Deposit Maturity
Instantly calculate the maturity amount and interest earned on any fixed deposit — choose your compounding frequency, tenure and investor type.
FD interest is taxable at your income-tax slab; TDS applies above the annual threshold.
What Is a Fixed Deposit?
a fixed deposit (fd) is an investment where you place a sum with a bank or nbfc for a fixed period at a pre-agreed interest rate. returns are guaranteed and unaffected by market movements, which makes fds a natural choice for capital preservation, emergency reserves and short-to-medium-term goals.
The FD Maturity Formula
the calculator uses the standard compound-interest formula:
M = P × (1 + r/n)^(n × t)
where M is the maturity amount, P is the principal, r is the annual interest rate (as a decimal), n is the number of compounding periods per year, and t is the tenure in years. for simple-interest (at-maturity) fds, the formula is M = P × (1 + r × t).
interest earned = M − P
Example
you invest ₹2,00,000 at 6.5% per annum for 2 years with quarterly compounding:
M = 2,00,000 × (1 + 0.065/4)^(4 × 2) = ₹2,27,528
interest earned = ₹27,528
How to Use This Calculator
- select your investor type — general or senior citizen (the calculator applies the 0.5% senior bonus automatically).
- enter the deposit amount.
- choose the compounding frequency from the dropdown.
- set the annual interest rate using the slider or type it in.
- enter the tenure in years and months.
- the result panel updates instantly with interest earned and maturity value.
Latest FD Interest Rates — Major Banks
indicative rates as of 2025; verify with your bank before booking.
| Bank | Highest Rate (% p.a.) | 1-Year Rate | 3-Year Rate | 5-Year Rate |
|---|---|---|---|---|
| Axis Bank | 6.60% | 6.25% | 6.50% | 6.50% |
| HDFC Bank | 6.60% | 6.25% | 6.45% | 6.40% |
| ICICI Bank | 6.60% | 6.25% | 6.60% | 6.60% |
| IDBI Bank | 6.70% | 6.55% | 6.25% | 6.25% |
| IDFC First Bank | 6.75% | 6.25% | 6.75% | 6.75% |
| State Bank of India | 6.45% | 6.25% | 6.30% | 6.05% |
How Compounding Frequency Affects Returns
on a ₹1,00,000 deposit at 8.5% p.a. for 5 years, here is how the maturity amount changes with frequency:
| Compounding Frequency | Maturity Amount | Interest Earned |
|---|---|---|
| Daily | ₹1,52,951 | ₹52,951 |
| Monthly | ₹1,52,730 | ₹52,730 |
| Quarterly | ₹1,52,279 | ₹52,279 |
| Half-Yearly | ₹1,51,621 | ₹51,621 |
| Yearly | ₹1,50,365 | ₹50,365 |
| At Maturity (Simple Interest) | ₹1,42,500 | ₹42,500 |
Benefits of Using an FD Calculator
- instant results — no manual formula, no rounding errors.
- easy comparison — change the rate or tenure in seconds to see how returns shift.
- frequency analysis — see the impact of compounding frequency side-by-side.
- goal planning — work backwards from a target amount to find the right deposit size.
- senior citizen mode — the 0.5% bonus is factored in automatically.
Types of Fixed Deposits
regular fds accept a one-time deposit for a flexible tenure. you pick the compounding option (quarterly, half-yearly or yearly) and the maturity amount is paid at the end.
- tax-saving fd: a 5-year lock-in fd that qualifies for a section 80c deduction of up to ₹1.5 lakh under the old tax regime. interest is still taxable.
- senior citizen fd: most banks offer an additional 0.25%–0.50% over the general rate for depositors aged 60 and above.
- cumulative fd: interest compounds and is paid at maturity — better for long-term wealth growth.
- non-cumulative fd: interest is paid out monthly, quarterly or yearly — suited to investors who want a regular income.
Who Should Consider Fixed Deposits?
- retirees needing predictable, stable income from a capital-safe instrument.
- conservative investors who prefer guaranteed returns over market-linked volatility.
- emergency fund holders who want their reserves to earn more than a savings account.
- short-to-medium-term savers with a specific goal — travel, education or a planned purchase.
- senior citizens seeking the higher bank rate and the peace of predictable returns.
FD vs Lump Sum vs SWP
| Feature | Fixed Deposit | Lump Sum MF | SWP |
|---|---|---|---|
| Investment style | Fixed one-time deposit | One-time market investment | One-time with periodic withdrawals |
| Risk | Low | Moderate–High | Moderate |
| Returns | Fixed and guaranteed | Market-linked | Market-linked |
| Capital safety | High | No guarantee | Market-dependent |
| Regular income | Fixed interest payouts | None (unless redeemed) | Designed for monthly withdrawals |
| Inflation-beating potential | Limited | Higher over long term | Moderate |
| Best for | Conservative investors | Long-term wealth builders | Retirement income |
Premature Withdrawal Rules
most banks allow early withdrawal from an fd, subject to:
a penalty of 0.5%–1% deducted from the applicable interest rate.
interest recalculated at the rate for the actual period held, often at a lower tier.
tax-saving fds have a mandatory 5-year lock-in and generally cannot be withdrawn early.
certain banks make exceptions for the death of the depositor, court orders or specified medical emergencies — always read the bank's specific terms before booking.
Tax on FD Interest
fd interest is added to your total income and taxed at your applicable slab rate. banks deduct tds once interest in a financial year crosses ₹40,000 (₹50,000 for senior citizens). if your income is below the taxable limit, you can submit form 15g (general) or form 15h (senior citizens) to avoid tds deduction.