Calculate Your FD Returns
Your FD Returns
Invested Amount
₹1,00,000
Estimated Returns
₹41,478
Total Maturity Value
₹1,41,478
Note: Calculations are based on quarterly compounding, which is standard for most FDs in India.
What is an FD Calculator?
An FD (Fixed Deposit) Calculator is a powerful financial tool that helps you calculate the maturity amount and interest earned on your fixed deposit investments. It uses the compound interest formula with quarterly compounding to provide accurate projections of your FD returns.
Whether you're planning to invest in bank FDs, post office FDs, or corporate FDs, our calculator helps you understand exactly how much your investment will grow over time, making financial planning easier and more transparent.
How Does the FD Calculator Work?
Enter FD Details
Input your total investment amount, expected interest rate (p.a.), and investment tenure in years.
Instant Calculation
The calculator uses quarterly compounding formula: A = P(1 + r/n)^(nt) to compute your returns instantly.
View Results
Get a clear breakdown of invested amount, interest earned, and total maturity value at a glance.
Why Choose Fixed Deposits?
Capital Protection
FDs offer guaranteed returns with complete capital protection, making them one of the safest investment options available.
Fixed Returns
Lock in your interest rate at the time of booking and enjoy predictable, stable returns regardless of market fluctuations.
Flexible Tenure
Choose from a wide range of tenures from 7 days to 10 years to match your financial goals and liquidity needs.
Loan Facility
Get loans against your FD up to 90% of the deposit value in case of emergency without breaking the FD.
Types of Fixed Deposits in India
🏦 Bank Fixed Deposits
Offered by nationalized and private banks with interest rates ranging from 3% to 7.5% p.a. Insured by DICGC up to ₹5 lakhs.
Best for: Risk-averse investors seeking capital protection and guaranteed returns.
📮 Post Office FDs (Time Deposits)
Government-backed fixed deposits with competitive interest rates and tax benefits under Section 80C (for 5-year TD).
Best for: Conservative investors who prefer government-backed schemes with tax benefits.
🏢 Corporate Fixed Deposits
Offered by companies and NBFCs with higher interest rates (7% to 9% p.a.) but carry higher risk compared to bank FDs.
Best for: Investors seeking higher returns and willing to take moderate risk with AAA-rated companies.
👴 Senior Citizen FDs
Special FD schemes for senior citizens (60+ years) offering 0.25% to 0.75% higher interest rates than regular FDs.
Best for: Senior citizens looking for stable income and better returns on their retirement corpus.
Smart Tips for FD Investments
Laddering Strategy
Split your investment across multiple FDs with different maturity periods to ensure liquidity and better rate management.
Compare Interest Rates
Different banks offer different rates. Always compare before investing to maximize your returns.
Consider Tax Implications
Interest earned on FDs is taxable. For amounts above ₹40,000 (₹50,000 for senior citizens), TDS is deducted at 10%.
Choose Cumulative FDs
Cumulative FDs (where interest is compounded) give higher returns than non-cumulative ones (regular payout).
Auto-Renewal Facility
Enable auto-renewal to avoid missing out on interest during the gap between maturity and reinvestment.
Avoid Premature Withdrawal
Breaking an FD before maturity results in penalty and reduced interest. Plan your liquidity needs in advance.
Frequently Asked Questions
1. What is the minimum and maximum amount for FD investment?
The minimum FD amount varies by bank, typically ranging from ₹1,000 to ₹10,000. There is usually no maximum limit, though banks may have special schemes for high-value deposits. Senior citizens and NRIs may have different limits and rates.
2. What is the difference between cumulative and non-cumulative FD?
In a cumulative FD, the interest is compounded quarterly and paid at maturity along with the principal, resulting in higher returns. In a non-cumulative FD, interest is paid out at regular intervals (monthly, quarterly, or annually), providing regular income but lower overall returns.
3. Is the interest earned on FD taxable?
Yes, interest earned on FDs is fully taxable as per your income tax slab. Banks deduct TDS at 10% if total interest exceeds ₹40,000 per year (₹50,000 for senior citizens). However, 5-year tax-saving FDs qualify for deduction under Section 80C up to ₹1.5 lakhs.
4. Can I break my FD before maturity?
Yes, premature withdrawal is allowed but attracts a penalty of 0.5% to 1% on the interest rate. The interest is recalculated based on the actual deposit period at a reduced rate. Tax-saving FDs (5-year lock-in) cannot be withdrawn before maturity.
5. What happens to my FD after maturity?
After maturity, if you don't provide instructions, most banks auto-renew the FD for the same tenure at prevailing interest rates. You can also choose to withdraw the amount or transfer it to your savings account. Some banks offer a grace period of 7-14 days post maturity.
6. Can I get a loan against my FD?
Yes, most banks offer loans against FDs up to 75-90% of the deposit value at interest rates typically 1-2% higher than the FD rate. This is a good emergency funding option as you continue earning interest on your FD while using the loan facility.
7. How is FD interest rate calculated?
FD interest is calculated using the compound interest formula: A = P(1 + r/n)^(nt), where P is principal, r is annual rate, n is compounding frequency (usually 4 for quarterly), and t is time in years. Our calculator uses this exact formula for accurate results.
8. Are bank FDs safe and insured?
Yes, bank FDs are very safe and insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5 lakhs per depositor per bank. This includes both principal and interest. Post Office FDs are backed by the Government of India, making them extremely secure.
9. What is a tax-saving FD (5-year FD)?
A 5-year tax-saving FD qualifies for income tax deduction under Section 80C up to ₹1.5 lakhs. However, it has a mandatory 5-year lock-in period with no premature withdrawal allowed. The interest earned is still taxable. Senior citizens get an additional 0.5% interest on these FDs.
10. Which is better: FD or Recurring Deposit (RD)?
FD is a lump-sum investment ideal for those with surplus funds, offering slightly higher interest rates. RD requires monthly deposits and is perfect for building savings discipline with small amounts. FD gives better returns on large amounts, while RD is ideal for systematic saving. Choose based on your liquidity and saving pattern.