FD Calculator India
Free Fixed Deposit calculator for India 2026. Calculate FD maturity amount and interest earned for any bank. Supports annual, quarterly, and monthly compounding.
Maturity Amount
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Principal
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Interest Earned
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What is FD Calculator India?
A Fixed Deposit (FD) calculator computes the maturity amount and interest earned when you deposit a lump sum with a bank or NBFC for a fixed tenure at a guaranteed interest rate. FDs are one of India's most popular low-risk savings instruments. The calculator supports different compounding frequencies — annual, half-yearly, quarterly, and monthly.
How to use
- 1 Enter the principal amount you wish to deposit.
- 2 Input the annual interest rate offered by your bank.
- 3 Enter the deposit tenure in years (fractional values like 1.5 are supported).
- 4 Select the compounding frequency — most Indian bank FDs compound quarterly.
- 5 The maturity amount and total interest earned are displayed immediately.
Formula
Example calculation
Depositing ₹1,00,000 in an FD at 7% per annum with quarterly compounding for 3 years grows to approximately ₹1,23,144. The interest earned is ₹23,144 — a guaranteed, risk-free return compared to market-linked alternatives.
Frequently asked questions
Is FD interest taxable?
Yes. FD interest is fully taxable as 'Income from Other Sources' at your applicable income tax slab rate. Banks deduct TDS at 10% if annual interest exceeds ₹40,000 (₹50,000 for senior citizens).
What is the difference between cumulative and non-cumulative FDs?
Cumulative FDs reinvest interest and pay it at maturity (better for wealth growth). Non-cumulative FDs pay interest periodically — monthly, quarterly, or annually — providing regular income.
Can I break an FD before maturity?
Yes, most FDs allow premature withdrawal with a penalty, typically a 0.5–1% reduction in the applicable interest rate. Some tax-saving FDs (5-year lock-in) do not allow premature withdrawal.
Are FDs safe?
FDs with scheduled commercial banks in India are insured by DICGC up to ₹5 lakh per depositor per bank. While very safe, they carry no growth upside beyond the fixed rate.
How do senior citizen FD rates differ?
Most banks offer senior citizens (aged 60+) an additional 0.25–0.75% interest on FDs compared to the regular rate. This makes FDs an attractive income option for retirees.