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Calculate your fixed deposit maturity amount and interest earned. Choose from monthly, quarterly, half-yearly or yearly compounding.
* Results are indicative. Actual FD/RD maturity values may differ based on bank-specific rates, compounding frequency, and applicable TDS. Rates are subject to change without notice.
Fixed Deposit maturity is calculated using the compound interest formula: A = P × (1 + r/n)^(n×t), where P is the principal, r is the annual interest rate, n is the compounding frequency per year, and t is the tenure in years. Our calculator computes this instantly for monthly, quarterly, half-yearly, or yearly compounding.
Monthly compounding gives slightly higher returns than quarterly or yearly compounding for the same nominal interest rate, because interest is added to the principal more frequently, earning interest-on-interest sooner.
Yes. FD interest is fully taxable as per your income tax slab. Banks deduct TDS (Tax Deducted at Source) if the interest earned exceeds ₹40,000 per year (₹50,000 for senior citizens) in a financial year.
In a cumulative FD, interest is reinvested and paid out along with the principal at maturity — ideal for wealth growth. In a non-cumulative FD, interest is paid out periodically (monthly/quarterly) — useful for those who need regular income.
Yes, most banks allow premature withdrawal but charge a penalty, typically 0.5%–1% lower interest rate than the contracted rate. Check your bank's specific premature withdrawal policy before investing.
