Investments & Wealth

FD Calculator

Calculate fixed deposit maturity with quarterly compounding - as used by Indian banks

FD details

₹
%
yrs

Maturity amount

₹0

How the FD calculator works

Indian bank fixed deposits often compound interest quarterly. Enter principal, annual rate, tenure and compounding frequency to see maturity value and interest earned.

If you hold a term deposit outside India, pick the compounding your bank uses (monthly, quarterly or yearly). The compound interest formula is the same.

A = P × (1 + r/n)n×t
P = principal  •  r = annual rate  •  n = compounding per year  •  t = years

How to use this calculator

  1. Enter how much you will deposit.
  2. Add the FD rate from your bank and choose compounding (quarterly is common in India).
  3. Set the tenure and read maturity amount versus interest earned.

Worked example

Example: ₹2,00,000 at 7% for 3 years with quarterly compounding grows more than simple interest would, because interest is added to the principal during the term.

Senior citizen rates in India are often higher - use the rate printed on your FD advice slip.

When this helps

Useful when you are comparing bank FD quotes or deciding between 1-year and 3-year tenures.

What this does not cover

TDS, premature withdrawal penalties and payout (non-cumulative) FDs need your bank's rules. This page models cumulative growth unless you adjust for payout yourself.

Related guide

Read FD vs RD for short-term savings. Compare fixed and recurring deposits for near-term goals.

Why use it

Detailed features

Quarterly default

Matches standard Indian bank FD compounding frequency.

Flexible compounding

Switch to monthly or yearly compounding if needed.

Interest earned

Clear split of principal vs interest component.

On the go

Also in the free Toolance Android app.

Frequently asked questions

Banks compound interest on the deposit at the quoted annual rate, often quarterly. Enter principal, rate, tenure and compounding to see maturity value and interest earned.
Cumulative FD reinvests interest till maturity. Monthly or quarterly payout FD sends interest to your account and principal returns at end. This tool suits cumulative growth unless you adjust inputs.
Yes. Interest adds to your income and is taxed per slab. Banks deduct TDS if interest crosses thresholds. Submit Form 15G or 15H if eligible to avoid TDS.
Most banks offer 0.25% to 0.50% higher rates for senior citizens. Enter the rate shown on the bank's senior citizen page.
Banks pay lower interest and may charge a penalty. Effective return can fall well below the booked rate. Avoid breaking FD unless necessary.
Bank deposits up to Rs 5 lakh per depositor per bank are insured under DICGC for principal and interest in case of bank failure. Spread large sums across banks if needed.
This follows standard compound interest math on your inputs. Actual bank rounding, TDS and scheme rules may differ slightly. Not financial advice.
Yes. Free FD calculator, no signup, works on mobile and desktop.