FD calculator: fixed deposit maturity amount
Enter the deposit amount, the bank’s interest rate and the tenure. You get the maturity amount and the interest earned, compounded quarterly by default like most Indian banks.
Runs in your browser. The amounts you enter are not sent to or stored by EpiFive.
Before tax. FD interest is taxed at your income-tax slab rate, and banks deduct TDS once a year’s interest crosses the threshold unless you submit Form 15G or 15H. Banks may also count days slightly differently, so their figure can vary by a few rupees.
How to use it
- Enter the amount you want to deposit.
- Enter the interest rate from your bank’s FD rate card for that tenure.
- Enter the tenure in years and months (for example 1 year 6 months).
- Leave compounding on quarterly unless your bank or NBFC says otherwise, and read the maturity amount and interest.
Tips
- Split a large deposit into several FDs with different maturities (a ladder) so you can break one without losing interest on all of it.
- Deposits up to ₹5 lakh per depositor per bank are insured by DICGC.
- Breaking an FD early usually means a lower rate and a penalty of about 0.5–1%.
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Questions people ask
How is FD maturity calculated?
For a cumulative FD: A = P × (1 + r ÷ n)^(n × t), where P is the deposit, r the annual rate as a decimal, n the number of compounding periods a year (4 for quarterly) and t the years. ₹1,00,000 at 7% for 5 years compounded quarterly matures at about ₹1,41,478.
Why quarterly compounding?
Most Indian banks compound cumulative fixed deposit interest every quarter. That makes the effective yield a little higher than the quoted rate: 7% compounded quarterly is about 7.19% a year.
Is FD interest taxable?
Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct TDS when your interest with that bank crosses the yearly threshold, unless you submit Form 15G (or 15H for senior citizens) and are eligible. Report the interest in your return even if no TDS was deducted.
Do senior citizens get a higher rate?
Usually 0.25% to 0.75% more, depending on the bank. Enter the senior citizen rate your bank quotes to see the difference.
What about monthly or quarterly payout FDs?
In a payout FD the interest is paid to your account instead of being added to the deposit, so it does not compound. Quarterly payout on ₹1,00,000 at 7% is ₹1,750 a quarter. This calculator is for cumulative (reinvestment) FDs.