Is FD interest taxable?
Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct TDS at 10% if total annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens). This calculator shows pre-tax maturity values.
Free Fixed Deposit Calculator — No Sign-up Required
Free FD Calculator — Fixed Deposit Maturity Value & Interest
Calculate exactly how much your fixed deposit will grow. Adjust the principal, interest rate, tenure, and compounding frequency to instantly see your maturity amount and total interest earned.
🔒 Nothing is stored or shared
✅ 100% free, no sign-up
💻 Runs entirely in your browser
Principal Amount
₹1,00,000
Annual Interest Rate
7.0%
Tenure
3 Years
Compounding Frequency
Maturity Amount
₹0
Principal Amount
₹0
Interest Earned
₹0
Total Value
₹0
Principal vs Interest
Take It Further
Your FD is an asset — see it in your full financial picture
A fixed deposit is one of your safest assets. Add it to the Net Worth Calculator alongside your investments, loans, and income to understand how your FD contributes to your overall net worth and projected future wealth.
How to Calculate FD Maturity Value — Step by Step
1
Enter the principal amount
This is the lump sum you plan to deposit. Enter the full amount you intend to lock in — this is your starting value before any interest is added.
2
Enter the annual interest rate
Check your bank's current FD rate card for the tenure you plan to invest. Rates typically range from 6–9% in India. Senior citizens usually get an additional 0.25–0.5%.
3
Choose the tenure and compounding frequency
Enter how long you will hold the FD. Then select how often interest is compounded — quarterly is standard for most Indian banks. More frequent compounding = slightly higher yield.
4
Read your maturity amount and interest earned
The calculator shows total interest earned and the final maturity amount. Note: this is the pre-tax value — FD interest is taxable at your applicable income slab rate.
Principal: ₹5,00,000 | Rate: 7% p.a. | Tenure: 3 years | Quarterly compounding
Principal Deposited₹5,00,000
Interest Earned (pre-tax)₹1,15,700
Maturity Amount₹6,15,700
What is a Fixed Deposit?
A Fixed Deposit (FD) is a financial instrument where you deposit a lump sum with a bank or NBFC for a fixed tenure at a predetermined interest rate. Unlike savings accounts, the rate is locked in for the entire tenure — giving you predictable, guaranteed returns with no market risk.
How is FD Maturity Value Calculated?
FDs use the compound interest formula:
A = P × (1 + r/n)⊃(n×t)
Where P = principal, r = annual rate (decimal), n = compounding frequency per year, t = tenure in years. More frequent compounding gives a slightly higher effective yield for the same nominal rate.
Compounding Frequency Explained
- Monthly (12×/yr): Interest added every month — highest effective yield of the four options.
- Quarterly (4×/yr): The standard compounding frequency for most bank FDs in India.
- Half-yearly (2×/yr): Interest added every six months.
- Yearly (1×/yr): Interest added once a year — lowest effective yield for the same nominal rate.
Frequently Asked Questions
What is the difference between cumulative and non-cumulative FDs?
Cumulative FDs compound interest and pay the full amount at maturity — what this calculator shows. Non-cumulative FDs pay interest periodically (monthly, quarterly) and suit those who need regular income.
Can I break an FD before maturity?
Most banks allow premature withdrawal with a penalty of 0.5–1% reduction in the applicable rate. The actual maturity value will be lower than projected.
Is my data saved anywhere?
No. All calculations happen in your browser. Nothing is sent to any server or stored.