Fixed Deposit (FD) Calculator
Calculate Fixed Deposit maturity amount and wealth growth instantly
Investment Settings
Maturity Summary
Asset Allocation
Investment Growth Curve
What-If Scenarios
₹144,995
Default setup at 7.5% over 5 years.
₹168,226
+₹23,231 extra growth
₹148,595
+₹3,600 extra growth
₹181,244
+₹0 net compounding increase
Investment Insights
Wealth Expansion
Your deposit of ₹100,000 will accumulate compound interest and grow into a final maturity value of ₹144,995.
Net Yield Speed
On average, this Fixed Deposit earns you approximately ₹8,999 in compound interest every single year.
Compounding Power
The Fixed Deposit compounds your savings, expanding your initial deposit by an additional 45% return by maturity.
Year-on-Year Growth Projection
See exactly how your compounding Fixed Deposit expands over time| Year | Total Interest Earned | Projected Balance | Growth Rate |
|---|---|---|---|
| Year 0 | ₹0 | ₹100,000 | 0% |
| Year 1 | ₹7,714 | ₹107,714 | 7.7% |
| Year 2 | ₹16,022 | ₹116,022 | 16% |
| Year 3 | ₹24,972 | ₹124,972 | 25% |
| Year 4 | ₹34,611 | ₹134,611 | 34.6% |
| Year 5 Maturity | ₹44,995 | ₹144,995 | 45% |
Frequently Asked Questions
What is a Fixed Deposit (FD)?
A Fixed Deposit is a financial instrument provided by banks or NBFCs which offers investors a higher rate of interest than a regular savings account until a given maturity date.
How is FD interest calculated?
FD interest is usually compounded quarterly. The maturity formula is: A = P × (1 + r/n)^(n*t), where A is maturity, P is principal, r is annual interest, n is compounding frequency, and t is years.
What is the difference between simple and compound interest FDs?
Simple interest pays out returns regularly (monthly/quarterly) and does not accumulate. Compound interest reinvests earned interest back into the principal, compounding returns.
Does compounding frequency affect my FD return?
Yes. Reinvesting interest more frequently (e.g. quarterly compounding vs half-yearly) produces a slightly higher maturity amount due to compounding.
What is TDS (Tax Deducted at Source) on FD interest?
Banks deduct TDS (typically 10%) on FD interest if your interest income exceeds threshold limits set by local tax authorities.
Are FD interest rates fixed?
Yes, once you book a Fixed Deposit, the interest rate remains locked and guaranteed for the entire selected tenure.
What is a premature withdrawal penalty?
If you close your FD account before its maturity date, banks generally penalize you by charging a small interest rate reduction (typically 0.5% to 1% off the card rate).
Can I calculate returns for short-term FDs?
Yes, our calculator supports custom investment durations in months and days.