Savings Calculator

FD Calculator

Calculate your fixed deposit maturity amount, total interest earned and effective annual yield across different compounding frequencies instantly.

✓ Compounding Frequencies ✓ Senior Citizen Rate ✓ Shareable Link
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Calculate Your FD Maturity

Enter your deposit details below. Results update live as you adjust the sliders or type values.

₹1,00,000
₹1,000₹1,00,00,000
₹
7.0%
1%15%
%
5 years
1 year10 years
yr
Senior Citizen Rate Add +0.5% interest rate for senior citizens

Year-by-Year Breakdown

Review your opening balance, interest earned and closing balance for each year of your FD.

What is FD Calculator and How to Use It

An FD calculator helps you estimate the exact maturity amount you will receive on a fixed deposit in India. Whether you are comparing bank rates or planning a lump-sum investment, this fixed deposit calculator gives you instant results for maturity amount, total interest earned and effective annual yield. If you are specifically looking for an fd calculator with monthly interest, simply select Monthly as the compounding frequency to see how more frequent compounding boosts your returns.

Start by entering your principal amount, annual interest rate and tenure. Then choose your compounding frequency — monthly, quarterly, half-yearly or yearly. If you are a senior citizen, toggle the Senior Citizen Rate switch to automatically add 0.5% to the base rate, reflecting the additional benefit most Indian banks offer. The calculator updates live, so you can compare best fd rates in india 2025 scenarios in seconds and see how even a small rate difference changes your maturity amount over 5 or 10 years.

A key insight for FD investors: the compounding frequency matters more than most people realise. A 7% FD compounded monthly gives a higher effective yield than the same 7% compounded yearly. The Effective Annual Yield card on this page shows you the true annual return after accounting for compounding, so you can compare FDs with different frequencies on an apples-to-apples basis.

The Formula Behind FD Calculator

A = P × (1 + r/n)^(n×t) P = Principal amount r = Annual interest rate / 100 n = Compounding frequency per year t = Tenure in years Effective Annual Yield = (1 + r/n)^n − 1

Simple explanation: P is your deposit amount, r is the annual rate as a decimal, n is how many times interest compounds per year (12 for monthly, 4 for quarterly, 2 for half-yearly, 1 for yearly), and t is the tenure. The more frequently interest compounds, the higher your maturity amount.

Tips for FD investing in India

01.Compare effective annual yield, not just the stated rate. A 7% FD compounded monthly is better than a 7% FD compounded yearly — use this calculator to see the difference.
02.Senior citizens should always check the additional rate benefit. Even 0.5% extra on a large principal over 5 years can add a meaningful amount to your maturity value.
03.Ladder your FDs across different tenures to balance liquidity and returns. Short-term FDs give flexibility while long-term FDs lock in higher rates when available.
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Common Questions About FD

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. Unlike savings accounts, FD rates are locked in at the time of deposit and are not affected by market fluctuations.

FD interest is calculated using the compound interest formula: A = P × (1 + r/n)^(n×t), where 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. The more frequently interest is compounded, the higher the maturity amount.

With monthly compounding, interest is calculated and added to your principal 12 times a year. With quarterly compounding, it happens 4 times a year. Monthly compounding gives a slightly higher effective yield because interest starts earning interest sooner.

Yes. Most banks in India offer an additional 0.25% to 0.75% interest rate to senior citizens (aged 60 and above) on fixed deposits. This calculator adds 0.5% to the base rate when the senior citizen toggle is enabled.

Yes. FD interest is fully taxable as per your income tax slab. Banks deduct TDS at 10% if your annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.

Effective Annual Yield (EAY) is the actual annual return you earn after accounting for compounding. For example, a 7% FD compounded quarterly has an EAY of about 7.19%, meaning you effectively earn more than the stated rate due to compounding within the year.