ToolFoxFD Calculator
Calculate fixed deposit maturity value and interest with quarterly compounding, as Indian banks do.
- Maturity amount
- ₹1,41,478
- Interest earned
- ₹41,478
How it works
Indian banks compound FD interest quarterly: maturity = P × (1 + r/4)^(4t), where P is the deposit, r the annual rate as a decimal and t the tenure in years. Quarterly compounding earns slightly more than the headline annual rate suggests.
Example
A ₹1,00,000 FD at 7% for 5 years compounds 20 times and matures at about ₹1,41,478 — ₹41,478 of interest, versus ₹35,000 with simple interest.
Frequently asked questions
Is interest taxed?
Yes — FD interest is added to your income and taxed at your slab; banks deduct TDS beyond a threshold.
What about monthly-payout FDs?
Payout FDs pay simple interest periodically instead of compounding, so maturity value math differs from this cumulative-FD calculator.
Do senior citizens get more?
Most banks add 0.25–0.75% for senior citizens — enter your actual offered rate.
Is premature withdrawal covered?
No — early closure usually applies a penalty and a lower rate for the actual period held.
Related tools
Project your Public Provident Fund balance over 15+ years of yearly deposits, tax-free.
SIP CalculatorEstimate the future value of a monthly SIP in mutual funds, with invested amount and gains.
EMI CalculatorCalculate your monthly EMI, total interest and total payment for home, car or personal loans.