FD Calculator

A Fixed Deposit (FD) is a financial instrument offered by banks and NBFCs where you deposit a lump sum for a fixed tenure at a predetermined interest rate. The rate remains locked for the entire tenure, making FDs a predictable, low-risk savings option.

Interest on FDs is usually compounded periodically — most Indian banks compound quarterly. At maturity, you receive the principal plus accumulated interest, or you can opt for periodic interest payouts on certain FD types.

Fixed deposits use compound interest when interest is reinvested with the principal:

A = P × (1 + r/n)^(n×t)

Where —

• A = Maturity amount
• P = Principal (deposit amount)
• r = Annual interest rate (in decimal)
• n = Number of times interest compounds per year
• t = Tenure in years

Example: ₹1,00,000 deposited at 7% p.a. for 5 years with quarterly compounding gives a maturity of approximately ₹1,41,478 and interest of ₹41,478.

Actual maturity may differ slightly based on the bank's day-count convention, TDS deductions, and premature withdrawal rules.

1. 1Enter the amount you plan to deposit.
2. 2Set the annual interest rate offered by your bank or NBFC.
3. 3Choose the FD tenure in months or years.
4. 4Select compounding frequency — quarterly is the most common for Indian bank FDs.
5. 5Review maturity amount and total interest in the summary panel.

• Guaranteed returns at a fixed rate for the chosen tenure.
• Low risk compared to market-linked investments.
• Flexible tenures from 7 days to 10 years at most banks.
• Senior citizens often receive higher interest rates.
• Useful for short-term goals and emergency fund parking.