Quick examples
Maturity Amount
$707,389
Interest Earned
$207,389
Fixed Deposit (FD) Calculator — Quick Reference
The Fixed Deposit (FD) Calculator is an online tool that calculate maturity amount and interest earned on fixed deposits. Everything for the Fixed Deposit (FD) Calculator is on this page: the interactive calculator, the formula, a worked example, step-by-step guidance, and frequently asked questions — no other pages required.
At a glance
- Main inputs
- Deposit amount
- Interest rate
- Tenure
- Main outputs
- Maturity value
- Interest earned
Direct answers
What is the Fixed Deposit (FD) Calculator?
The Fixed Deposit (FD) Calculator is an online tool that calculate maturity amount and interest earned on fixed deposits.
What formula does the Fixed Deposit (FD) Calculator use?
Most FD calculators apply the deposit rate to your principal using the bank's compounding frequency, often quarterly for cumulative deposits. Interest payout FDs work differently because interest is withdrawn periodically instead of left to compound.
How does the Fixed Deposit (FD) Calculator work?
Enter deposit amount, annual interest rate, and tenure. FD interest is typically compounded quarterly in India.
Formula Used
The equation below is what this calculator applies. Variable definitions follow when symbols are used.
Equation
Maturity = P × (1 + r/n)^(n×t) for compounded FD
Additional rules
- simple FD uses A = P × (1 + r × t)
Worked Example: $500,000 FD for 5 years at 7%
Sample inputs and the results this calculator produces for the scenario below.
Inputs
- Deposit
- $500,000
- Rate
- 7% p.a.
- Tenure
- 5 years
Results
- Maturity Amount
- ~$701,276
- Interest
- ~$201,276
FD interest is taxable per your income slab. TDS applies if interest exceeds $40,000/year ($50,000 for seniors).
How Fixed Deposit (FD) Calculator Works
Enter deposit amount, annual interest rate, and tenure. FD interest is typically compounded quarterly in India.
What to enter
Use the calculator above to set your amounts, rates, and tenure. Results update as you move sliders or type values — switch currency if you are planning in USD, INR, or another supported unit.
Step-by-step
- Open the Fixed Deposit (FD) Calculator and enter your amounts, rates, and time period in the input fields.
- Review the results panel — totals update instantly when you change any value.
- Compare the worked example and formula below to verify the math matches your scenario.
- Read the FAQs for common edge cases, tax notes, and planning tips specific to this calculator.
FD — Frequently Asked Questions
Each question is answered directly below. Expand any item for the full response.
How is FD maturity calculated?
Most FD calculators apply the deposit rate to your principal using the bank's compounding frequency, often quarterly for cumulative deposits. Interest payout FDs work differently because interest is withdrawn periodically instead of left to compound.
Is FD interest taxable in India?
Yes, FD interest is generally taxed at your slab rate. TDS may be deducted once the relevant threshold is crossed, but the final tax depends on your full income and not only on what the bank deducted.
Why do senior citizen FDs show a higher maturity value?
Many banks offer a higher rate to senior citizens, often by 0.25% to 0.75% above the standard card rate. Over multi-year deposits, even that small spread can make a visible difference.
When is an FD better suited than a market-linked option?
An FD is better suited when capital stability and predictability matter more than upside. It can work well for near-term goals or money that should not be exposed to equity volatility.
Disclaimer
- This calculator gives you an estimate only. It is not a promise of exact results.
- This is general information, not personal financial, tax, or legal advice.
- You are responsible for your own decisions. Talk to a qualified professional when it matters.
- Banks set their own deposit rates and terms. Check with your provider.