Calculators · Savings and retirement
FD calculator
Maturity value and interest on a fixed deposit.
Maturity value
₹1,41,478
After 5 years
Amount deposited
₹1 lakh · 71%
Interest earned
₹41,478 · 29%
- Deposit
- ₹1,00,000
- Interest earned
- ₹41,478
- Maturity value
- ₹1,41,478
How it works
A cumulative fixed deposit adds interest to the balance, so later interest is earned on earlier interest. Most Indian banks compound quarterly; choose another frequency if your deposit uses one.
FD interest is taxed at your slab rate. Banks deduct TDS when interest from a bank exceeds ₹50,000 in a year (₹1 lakh for senior citizens), unless you submit Form 15G or 15H where eligible.
Formula
Maturity = P × (1 + r ÷ k)^(k × t)
- P — deposit
- r — yearly rate
- k — compounding periods a year (4 for quarterly)
- t — years
Questions
What is the difference between cumulative and payout FDs?
A cumulative FD adds interest to the deposit and pays everything at maturity. A payout FD pays interest monthly or quarterly and returns only the deposit at the end, so it earns less in total.
Do senior citizens get more?
Usually 0.25–0.5% a year more. Enter your bank's senior-citizen rate to see the difference.
Results are estimates for planning, not tax, legal or investment advice. Rates and rules were checked on 4 October 2026; confirm the figures that apply to you with your bank, fund house or tax adviser.