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 FDs typically compound interest quarterly. The maturity amount is calculated as:
A = P × (1 + r/n)n×t • P = principal • r = annual rate • n = compounding per year • t = years
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.