Estimate the maturity value of your fixed deposit with your choice of compounding frequency.
Enter your principal, interest rate, tenure, and compounding frequency to estimate the maturity value.
Enter your details and hit calculate
Calculate to see the step-by-step FD maturity calculation.
A Fixed Deposit is one of the simplest and safest investment options, where you deposit a lump sum with a bank or NBFC for a fixed tenure at a fixed interest rate. This calculator computes the maturity value of a cumulative FD, where interest is reinvested and paid out only at maturity, rather than a non-cumulative FD that pays interest periodically.
Formula used: A = P × (1 + r/(100×n))^(n×t), where P is your 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 Indian banks compound FD interest quarterly, though yearly, half-yearly, and monthly options also exist.
Worked example: a principal of ₹1,00,000 at 7% p.a. for 5 years, compounded quarterly, grows to approximately ₹1,41,478 — an interest earning of about ₹41,478 over the tenure. The higher the compounding frequency, the marginally higher your effective return, since interest starts earning interest sooner.
Premature withdrawal of an FD typically results in a lower effective interest rate and sometimes a penalty, so FDs work best as a fixed, do-not-touch part of your savings for the chosen tenure. Senior citizens usually get a slightly higher interest rate than the standard rate quoted by banks.
This calculator is for educational planning purposes only. Actual maturity value depends on your bank's specific compounding convention and any applicable TDS; please confirm with your bank for the precise figure.
Most Indian banks compound FD interest quarterly by default. Check your bank's FD terms to see which frequency applies to your specific deposit, since this can slightly change your effective returns.
Yes, FD interest is fully taxable as per your income tax slab, and banks deduct TDS if the total interest earned across your FDs with that bank crosses the prescribed annual threshold.
A cumulative FD reinvests the interest and pays it out along with the principal at maturity, which is what this calculator estimates. A non-cumulative FD instead pays out interest periodically — monthly, quarterly, or annually — as regular income, resulting in a lower total payout at maturity.
Yes, most FDs allow premature withdrawal, but banks usually apply a penalty of around 0.5%–1% on the applicable interest rate, and you earn interest only for the period the deposit was actually held.