A Fixed Deposit (FD) locks a lump sum with a bank for a chosen tenure at a fixed interest rate, compounded quarterly by Indian banks. This calculator shows exactly what your deposit grows into: enter the amount, annual rate and tenure to see the maturity value and interest earned.
The lump sum you place in the fixed deposit.
Check your bank's current FD rate — it varies by tenure, amount and bank. Senior citizens usually get an extra 0.25–0.50%.
Indian banks offer FD tenures from 7 days to 10 years.
Maturity value
₹1,42,175
What you receive when the FD matures.
Estimates only, using quarterly compounding. Actual maturity depends on your bank's rate, tenure slab and premature-withdrawal terms. Not financial advice.
Indian banks compound FD interest quarterly, so the formula is:
A = P × (1 + r ÷ 4)4×t
Interest earned = A − P. Quarterly compounding means an FD at 7.1% nominal actually yields about 7.28% effective annually.
Deposit ₹1,00,000 at 7.1% per annum for 5 years:
Maturity value is the payout on the maturity date if you hold to term. Interest earned shows the return on your deposit — compare it against inflation to see the real gain.
Before booking, check three things: whether a longer tenure slab pays a better rate, the premature-withdrawal penalty (usually around 1% lower than the contracted rate), and whether the interest pushes you into TDS. Laddering FDs across tenures keeps some money accessible while earning higher long-tenure rates.
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Content last reviewed on 2026-10-06.