FD Calculator
Find the maturity value of your fixed deposit
Your FD Maturity
- Deposit₹1,00,000(71%)
- Interest₹41,478(29%)
Balance at the end of each year
| Year | Balance | Interest so far |
|---|---|---|
| 1 | ₹1,07,186 | ₹7,186 |
| 2 | ₹1,14,888 | ₹14,888 |
| 3 | ₹1,23,144 | ₹23,144 |
| 4 | ₹1,31,993 | ₹31,993 |
| 5 | ₹1,41,478 | ₹41,478 |
- 1Enter your depositThe amount you put in the FD
- 2Add rate and tenureFrom your bank's FD rate card
- 3See the maturity valueInterest earned and final amount
How is FD maturity calculated?
A cumulative FD adds interest to the balance at each compounding period, so interest also earns interest.
A = P × (1 + r ÷ n)ⁿᵗ
P = deposit, r = yearly rate ÷ 100, n = compounding times a year, t = years
Cumulative vs payout FDs
This calculator is for cumulative FDs, where interest is reinvested and paid at maturity. With a monthly or quarterly payout FD, interest is paid out instead, so the deposit doesn't grow; your total interest is roughly P × r × t.
Tax on FD interest
FD interest is added to your income and taxed at your slab rate. Banks deduct TDS if your interest from that bank crosses the yearly threshold, unless you submit Form 15G or 15H where eligible.
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Frequently asked questions
Do senior citizens get a higher FD rate?
Usually yes, often 0.25% to 0.75% more. Enter the senior citizen rate from your bank to see the maturity value.
Why is my bank's maturity amount slightly different?
Banks may count days differently or compound short periods as simple interest. The difference is usually small.
Is FD interest taxable?
Yes. It is taxed at your income tax slab rate, and TDS may be deducted. The amounts shown here are before tax.
These results are estimates for planning only, not financial, investment or tax advice. Rates and rules change, and your bank, fund house or employer may calculate slightly differently. Check with them or a qualified adviser before you decide.
Last reviewed: October 2026