Calculate fixed deposit maturity amount and interest earned
FD Calculator is a comprehensive financial calculator designed to help you calculate fixed deposit maturity amount and interest earned. Planning finances requires absolute precision; this calculator provides instant accurate projections for EMIs, compounding, loans, and investment portfolio returns.
Maturity amount A = P × (1 + r/n)^(n×t), where P is the deposit, r is the annual rate, n is the compounding periods per year and t is the tenure in years. For ₹1,00,000 at 7.1% for 5 years compounded quarterly, A is about ₹1,42,175, so the interest earned is about ₹42,175.
Yes, more frequent compounding gives a slightly higher maturity amount. For ₹1,00,000 at 7.1% for 5 years, yearly compounding gives about ₹1,40,912, quarterly about ₹1,42,175 and monthly about ₹1,42,469. Banks commonly compound FDs quarterly, but check your bank. The calculator lets you choose monthly, quarterly, half-yearly or yearly.
In India, FD interest is generally added to your income and taxed at your slab rate, and banks may deduct TDS when interest crosses a threshold. Limits and rates change, so check the current rules or your bank. This calculator shows the pre-tax maturity amount and does not deduct tax or TDS.
A cumulative FD reinvests the interest and pays everything at maturity, which is what this calculator shows through compounding. A non-cumulative FD pays interest at regular intervals, such as monthly or quarterly, so there is no compounding and the payout differs. Choose based on whether you need regular income.
Use the rate your bank has offered for your tenure and category, since FD rates differ by bank, tenure and depositor type, and change over time. The calculator does not fetch current bank rates. Its default of 7.1% is only an example, and it accepts rates from 1% to 15%.
In a fixed deposit you invest a lump sum once for a fixed term. In a recurring deposit you invest a fixed amount every month. FD interest starts accruing on the full amount from day one, while RD interest builds up as instalments are added. Use the FD or RD calculator depending on how you plan to save.
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A reducing interest rate means interest is charged only on the remaining outstanding principal balance at the end of each period, rather than the initial loan amount.