FD Calculator
Calculate fixed deposit maturity value with quarterly, monthly, half-yearly or annual compounding.
What the FD calculator does
An FD calculator computes fixed deposit maturity using A = P(1 + r/n)^(nt). Indian banks and NBFCs typically compound quarterly, so n defaults to 4. Enter principal, annual interest rate and tenure to see maturity value and total interest earned before tax.
Your inputs
As offered by the bank or NBFC
Compounding frequency
Most Indian cumulative fixed deposits compound quarterly.
Maturity value
₹29,45,802
Deposited
₹5,00,000
Interest earned
₹24,45,802
Year-by-year projection
This is arithmetic, not a forecast. The output is a mathematical projection of the assumptions you entered. No returns are assured or guaranteed. Any illustration of returns is a mathematical projection, not a promise. Mutual fund investments are subject to market risks. Read all scheme related documents carefully.
How the FD calculation works
A = P × (1 + r/n)^(n×t)
P is the principal, r is the annual interest rate, n is the number of compounding periods per year, and t is the tenure in years. Indian cumulative fixed deposits typically compound quarterly, so n defaults to 4. The result is pre-tax.
Frequently asked questions
How is FD interest compounded in India?
Most Indian bank and corporate fixed deposits compound interest quarterly on cumulative deposits. Non-cumulative deposits pay interest out at a chosen frequency instead of compounding it.
Is FD interest taxable?
Interest earned on fixed deposits is generally taxable as income from other sources at your applicable slab rate, and TDS may apply above prescribed thresholds. Tax treatment depends on your individual circumstances and current law — consult a qualified tax professional.
GrowIQ Capital provides financial data analytics, market information and educational content. We are not a SEBI-registered Investment Adviser or Research Analyst. Nothing on this platform constitutes investment advice or a recommendation to buy or sell any security. No returns are assured or guaranteed. Any illustration of returns is a mathematical projection, not a promise. Past performance is not indicative of future returns and does not guarantee future results.