FD Calculator
Calculate maturity amount and interest earned on Fixed Deposit.
Yearly Breakdown
| Year | Interest Earned | Balance |
|---|---|---|
| Year 1 | ₹7,000 | ₹1,07,000 |
| Year 2 | ₹7,490 | ₹1,14,490 |
| Year 3 | ₹8,014 | ₹1,22,504 |
| Year 4 | ₹8,575 | ₹1,31,080 |
| Year 5 | ₹9,176 | ₹1,40,255 |
Balance Growth Over Time
What is FD Calculator?
A Fixed Deposit (FD) is a safe investment where you deposit a lump sum with a bank or NBFC for a fixed tenure and earn a guaranteed interest rate. An FD calculator estimates the maturity amount and total interest you will earn.
FDs are one of the most popular investment options in India because they offer capital protection and assured returns, making them ideal for conservative investors.
How does the FD Calculator work?
Where A is the maturity amount, P is the principal, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the tenure in years.
Most banks compound FD interest quarterly. The calculator shows both the maturity amount and the total interest earned.
How to use the FD Calculator?
- Enter the amount you want to deposit.
- Enter the FD interest rate offered by the bank.
- Enter the tenure in years.
- The calculator shows your maturity amount and total interest earned.
Example
Try the calculator with your own numbers
- Enter your values in the input fields above.
- Adjust the values to match your situation.
- The result updates instantly as you change the inputs.
Benefits of using the FD Calculator
- Compare FD returns across banks and tenures.
- Plan your savings for a specific financial goal.
- Understand how compounding frequency affects your returns.
- Decide between cumulative and non-cumulative FD options.
Who should use the FD Calculator?
- Individuals planning loans, investments, or retirement savings.
- Salaried employees estimating taxes, EMIs, and take-home pay.
- Small business owners tracking costs, margins, and cash flow.
- Students learning personal finance and investment concepts.
Tips for getting the most out of the FD Calculator
- Use realistic return rates — past performance does not guarantee future returns.
- Re-run the calculation whenever your income, expenses, or goals change.
- Compare a few scenarios (conservative, moderate, aggressive) before making a decision.
Frequently Asked Questions
Is FD interest taxable?
Yes, FD interest is added to your income and taxed as per your income tax slab. TDS is deducted if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.
What is the difference between cumulative and non-cumulative FD?
In a cumulative FD, interest is compounded and paid at maturity. In a non-cumulative FD, interest is paid out monthly, quarterly, or annually.
Are FDs safe?
Bank FDs are insured up to ₹5 lakh per depositor per bank by DICGC. NBFC FDs are not insured but usually offer higher rates.
Small adjustments today compound into big differences tomorrow — run the FD Calculator with conservative, moderate, and aggressive numbers before you decide.
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