Enter your deposit amount, interest rate, and tenure. PaisaCalc works out your exact maturity value, total interest earned, and a year-by-year growth breakdown.
| Year | Opening balance | Interest | Closing balance |
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FD interest is added to your taxable income and taxed at your income tax slab — not a flat rate. Pick your slab to see what you'd actually keep.
Most banks apply a penalty by cutting your effective rate if you withdraw before maturity — here's roughly what you'd walk away with.
A non-cumulative FD pays out interest each period instead of reinvesting it — using the same amount, rate, and tenure as above.
Fixed Deposits grow through compound interest, but the compounding frequency your bank uses changes your actual return, even at the same advertised rate.
FD maturity value is calculated using your deposit amount, the periodic interest rate, and the number of compounding periods over your tenure:
Maturity Value = P × (1 + r/n)n × t
Where P is your deposit amount, r is your annual interest rate, n is the number of times interest compounds per year (4 for quarterly), and t is your tenure in years. Any leftover part-period (less than a full quarter, month, etc.) is added on top as simple interest for that stub, which is how most Indian banks handle a tenure that doesn't divide evenly into whole compounding periods.
Banks typically advertise an annual interest rate, but most compound it quarterly behind the scenes - meaning interest is calculated and added to your balance four times a year, not once. The more frequently interest compounds, the faster your money grows, since each round of interest starts earning its own interest sooner. That's why two FDs at the same "7% annual rate" can mature to slightly different amounts if one compounds quarterly and the other compounds annually.
This calculator defaults to quarterly, since that's the most common convention for Indian bank FDs - but you can switch it to match your specific FD's terms.
The main calculator above assumes a cumulative FD - interest is reinvested and compounds until maturity, when you receive one lump sum. A non-cumulative FD instead pays out interest to you periodically (monthly, quarterly, or annually) rather than reinvesting it, so you get smaller regular payouts and just your original principal back at the end - useful if you need regular income rather than a lump sum. Use the payout section below the calculator to see your exact non-cumulative payout amount.
Most Indian banks compound FD interest quarterly by default, though some offer monthly or annual compounding options. This calculator defaults to quarterly, but you can change it to match your specific FD scheme.
A cumulative FD reinvests interest back into the deposit, so you receive one lump sum at maturity - this is what this calculator shows. A non-cumulative FD pays out interest periodically instead, so you receive smaller regular payouts and only your original principal back at maturity.
Yes, FD interest is added to your total income and taxed according to your income tax slab. Banks also deduct TDS if your total interest from that bank crosses the threshold set by the Income Tax Department in a financial year. Use the tax calculator below to see your actual post-tax maturity value at your slab.
Most banks charge a premature withdrawal penalty, typically reducing your effective interest rate by 0.5% to 1%, and you earn interest only for the period you actually held the deposit. Terms vary by bank, so check your specific FD's premature withdrawal policy - or use the premature withdrawal calculator below to see exactly what you'd receive.
Yes - most Indian banks offer senior citizens (60+) an additional 0.25% to 0.75% over the standard rate, with 0.50% being the most common bonus. Toggle "I'm a senior citizen" in the calculator above to see how this changes your maturity value.
Choose a non-cumulative FD, where the bank pays out interest each period (monthly, quarterly, half-yearly, or annually) instead of reinvesting it, and returns your original principal separately at maturity. Use the payout section below to see your exact payout amount, or work backward from a target income to the deposit you'd need.
Bank deposits in India, including FDs, are insured by DICGC (Deposit Insurance and Credit Guarantee Corporation) up to ₹5 lakh per depositor per bank - this covers your principal plus accrued interest combined, not each account separately. If you hold more than ₹5 lakh with one bank, consider spreading it across multiple banks to stay within the insured limit at each.
Eight free tools, all built the same way — exact date-based math, year-by-year breakdowns, and no signup.
Simple or compound interest by exact date range, with a year-by-year breakdown and chart.
Open →Monthly EMI for home, car, or personal loans — with a full amortization schedule you can expand month by month.
Open →Recurring Deposit maturity value from monthly installments, with the same quarterly compounding banks use.
Open →Public Provident Fund maturity value over the 15-year lock-in, at the current government-set rate.
Open →Monthly mutual fund investments, plus unlimited one-time lumpsum top-ups on any date during your tenure.
Open →Increase your SIP every 6 or 12 months in line with salary hikes — and see exactly how much more you end up with.
Open →Withdraw a fixed amount every month from a lump sum, and see exactly how long it lasts — or when it runs out.
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