Result
Maturity value
₹141,478
- Principal invested₹100,000
- Interest earned₹41,478
- Growth multiple1.41×
- Effective annual yield7.19%
How to use this calculator
- Enter the FD deposit amount.
- Enter the interest rate quoted by the bank.
- Enter tenure in years (fractions allowed for 3-month/6-month FDs).
- Choose compounding frequency (quarterly is Indian bank default).
- Read the maturity value + total interest.
About this tool
Fixed Deposit is the most popular savings instrument in India — over 80% of urban households hold at least one FD. Banks pay a guaranteed interest rate for a fixed period, with quarterly compounding by default. Interest is fully taxable at your slab rate (TDS deducted if interest exceeds ₹40,000/year, or ₹50,000 for seniors). The 5-year Tax-Saver FD qualifies for Section 80C deduction (₹1.5L cap) but has strict 5-year lock-in and premature withdrawal penalties. Deposits up to ₹5 lakh per bank per customer are insured by DICGC.
Frequently asked
By default, Indian banks (SBI, HDFC, ICICI, PNB, Axis, etc.) compound FD interest quarterly. Formula: Maturity = P × (1 + r/4)^(4t) where P = principal, r = annual rate, t = years.
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