FD Calculator
Fixed deposit maturity
Reviewed by the PaisaTools Editorial Team · Last reviewed September 2026
How to use: Enter how much you're depositing, the bank's interest rate, and for how long.
Example₹1 lakh at 7% for 5 years → about ₹1.41 lakh
Typical FD: ₹10,000 – ₹10,00,000
Bank FDs ~6.5–7.5%; small-finance banks higher
7 days to 10 years at most banks
Maturity value after 5 years
₹1,41,478
Invested
₹1,00,000
Interest earned
₹41,478
Growth over time
Worked example: ₹5 lakh for 5 years at 7%
The rate on an FD is not quite what it earns, and what it earns is not what you keep. Quarterly compounding lifts the yield a little above the headline rate; tax then takes a slice of every rupee of interest, whether or not the bank deducts any TDS.
Deposit
₹5,00,000
Rate and compounding
The usual convention for Indian bank FDs
7%, quarterly
Effective yearly yield
What quarterly compounding turns the headline rate into
7.19%
Interest earned in year one
Below the ₹50,000 TDS threshold, so the bank deducts nothing — but it is still taxable
₹35,930
= Maturity after 5 years
₹7,07,389
Total interest
₹2,07,389
Tax on that interest in the 30% slab
30% plus 4% cess, spread across the years it accrues
− ₹64,705
= What you actually keep
₹6,42,684
Two things the maturity figure hides. First, TDS is not the tax — skipping TDS below the threshold does not make the interest tax-free; it is added to your income either way. Second, deposit insurance covers up to ₹5,00,000 per depositor per bank, interest included, so a deposit that grows past that line is no longer fully covered. Splitting larger sums across banks keeps each one inside it.
What ₹1 lakh grows to in an FD
Maturity value of ₹1 lakh at common FD rates, compounded quarterly. For any other amount, multiply by the number of lakhs — ₹3 lakh is three times the figure in the cell.
| Rate | 1 yr | 2 yrs | 3 yrs | 5 yrs | 7 yrs | 10 yrs |
|---|---|---|---|---|---|---|
| 6% | ₹1,06,136 | ₹1,12,649 | ₹1,19,562 | ₹1,34,686 | ₹1,51,722 | ₹1,81,402 |
| 6.5% | ₹1,06,660 | ₹1,13,764 | ₹1,21,341 | ₹1,38,042 | ₹1,57,042 | ₹1,90,556 |
| 7% | ₹1,07,186 | ₹1,14,888 | ₹1,23,144 | ₹1,41,478 | ₹1,62,541 | ₹2,00,160 |
| 7.5% | ₹1,07,714 | ₹1,16,022 | ₹1,24,972 | ₹1,44,995 | ₹1,68,226 | ₹2,10,235 |
| 8% | ₹1,08,243 | ₹1,17,166 | ₹1,26,824 | ₹1,48,595 | ₹1,74,102 | ₹2,20,804 |
| 8.5% | ₹1,08,775 | ₹1,18,320 | ₹1,28,702 | ₹1,52,279 | ₹1,80,176 | ₹2,31,890 |
Pre-tax. Interest is taxed at your slab every year it accrues. Banks deduct 10% TDS once interest from that bank crosses ₹50,000 in a year (₹1,00,000 for senior citizens); Form 121 replaced Forms 15G and 15H from April 2026 for claiming no deduction when your income is below the taxable limit.
Popular FD plans
FD for a monthly income
A fixed deposit pays a guaranteed interest rate for a fixed term. The power comes from compounding — interest earns interest. The formula is M = P × (1 + r/n)^(n×t), where n is how many times a year interest is compounded.
For the same rate, monthly compounding beats yearly — try switching the frequency and watch the maturity move. The gap is small but real over long tenures.
FDs are among the safest instruments (insured up to ₹5 lakh per bank by DICGC), but returns are taxed at your slab — compare the post-tax return against PPF or debt funds for long-term goals.
Uses the quarterly-compounding formula A = P × (1 + r/4)^(4t) that Indian banks apply to fixed deposits, per RBI's master directions on interest on deposits. Actual bank rates vary by tenure and bank.
- Interest is taxable at your income slab; banks deduct TDS above the threshold.
- Assumes the rate holds for the full tenure — premature withdrawal usually lowers it.
- How is FD interest calculated?
- Most Indian banks compound FD interest quarterly: Maturity = P × (1 + r/4)^(4×years), where P is the principal and r is the annual rate as a decimal. You can switch the compounding frequency in the calculator.
- Is FD interest taxable?
- Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct 10% TDS if interest from that bank exceeds ₹50,000 a year (₹1 lakh for senior citizens); submit Form 121, which replaced Forms 15G and 15H from April 2026, if your income is below the taxable limit. This calculator shows pre-tax maturity.
- What is the difference between cumulative and non-cumulative FD?
- Cumulative FD reinvests interest (compounding) and pays everything at maturity — that's what this calculator models. Non-cumulative pays interest out monthly/quarterly, so it doesn't compound.
- Can I break an FD early?
- Usually yes, with a penalty of 0.5–1% on the rate. Early withdrawal reduces your effective return, so this maturity figure assumes you hold to term.
- Which compounding frequency should I pick?
- Use what your bank states. Quarterly is the most common default in India. More frequent compounding (monthly) gives a slightly higher maturity for the same rate.
Related guides
- RD vs FD: which fixed-return deposit should you choose?Same bank, same rate — but a lump sum and a monthly deposit don't earn the same. Here's when each one wins.
- PPF vs FD — the safer rupee, with mathTax treatment, liquidity and effective post-tax returns compared — so you pick the right safe option.
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