FD Calculator - Fixed Deposit Calculator
Calculate fixed deposit returns instantly. Find maturity amount, interest earned, and effective yield. Compare FD rates across banks and plan your investments with our free FD calculator.
Investment Breakdown
How FD Calculator Works
Calculate fixed deposit returns in 3 simple steps:
Enter Deposit Amount
Enter the amount you want to invest in fixed deposit. Minimum ₹1,000, maximum ₹1 Crore. Most banks accept deposits from ₹5,000 onwards.
Set Interest Rate & Duration
Enter the annual interest rate offered by your bank (typically 5-8% for regular FDs, higher for senior citizens). Choose deposit period from 1 month to 10 years.
Select Compounding
Choose how often interest compounds: Monthly (highest returns), Quarterly, Half-yearly, or Yearly. More frequent compounding = higher returns.
FD Calculation Formula
Example Calculation
Principal: ₹1,00,000
Interest Rate: 6.5% per year
Duration: 5 years
Compounding: Quarterly (n = 4)
Formula: ₹1,00,000 × (1 + 0.065/4)^(4×5)
Maturity: ₹1,37,006
Interest Earned: ₹37,006
Effective Yield: 37% over 5 years
Types of Fixed Deposits
Regular FD
Standard fixed deposit with fixed tenure (7 days to 10 years). Interest paid at maturity or periodically. Most common FD type with stable returns.
Senior Citizen FD
Special FD for 60+ years with 0.25%-0.75% extra interest. Higher returns for senior citizens. Available at all major banks.
Tax Saver FD
5-year lock-in FD with tax benefits under Section 80C (up to ₹1.5L deduction). Interest taxable. Premature withdrawal not allowed.
Cumulative FD
Interest reinvested and paid at maturity. Better returns due to compounding. Ideal for those who don't need regular income.
Non-Cumulative FD
Interest paid out monthly/quarterly/yearly. Good for regular income needs. Lower effective returns than cumulative FD.
Flexi FD
Linked to savings account. Automatically converts excess funds to FD. Earns FD interest on idle money. Easy liquidity.
Why Use Our FD Calculator?
Instant Results
Calculate FD maturity amount instantly. Compare different rates, tenures, and compounding frequencies in real-time.
Multi-Currency
Calculate in INR, USD, EUR, GBP, AED, and more. Works for fixed deposits worldwide with automatic conversions.
100% Accurate
Uses standard compound interest formula. Get accurate results matching bank calculations for maturity amount.
Visual Breakdown
See principal vs interest in charts. Understand exactly how much you earn from your fixed deposit.
100% Private
All calculations happen in your browser. Your financial data never leaves your device. Completely secure.
Mobile Ready
Calculate FD returns on any device. Perfect for comparing bank offers on the go.
Frequently Asked Questions
What is a Fixed Deposit (FD)?
Fixed Deposit is a savings scheme where you deposit money for a fixed period at a predetermined interest rate. At maturity, you get principal + interest. FDs offer guaranteed returns and are considered one of the safest investments.
What is the current FD interest rate?
FD rates vary by bank and tenure. Current rates (2025): 5.5-7.5% for regular customers, 6.0-8.0% for senior citizens. Rates are higher for longer tenures (5-10 years) and lower for shorter periods (7 days-1 year).
Which compounding frequency gives highest returns?
Monthly compounding gives highest returns, followed by quarterly, half-yearly, and yearly. Example: ₹1L at 6% for 5 years: Monthly = ₹1,34,885, Quarterly = ₹1,34,686, Yearly = ₹1,33,823. Difference increases with higher rates and longer periods.
Can I break FD before maturity?
Yes, premature withdrawal is allowed (except Tax Saver FD). Banks charge penalty of 0.5-1% and pay reduced interest. Some banks allow partial withdrawal. Check terms before investing.
Is FD interest taxable?
Yes, FD interest is fully taxable as per your income tax slab. Banks deduct TDS if interest exceeds ₹40,000/year (₹50,000 for senior citizens). Submit Form 15G/15H if total income below taxable limit to avoid TDS.
What is minimum and maximum FD amount?
Minimum: ₹1,000-₹10,000 (varies by bank). Maximum: No limit, but interest on deposits above ₹1 crore may be lower. DICGC insures up to ₹5 lakh per bank per depositor.
Which is better: Cumulative or Non-Cumulative FD?
Cumulative FD (interest reinvested) gives higher returns due to compounding - best if you don't need regular income. Non-cumulative FD (interest paid out) gives lower returns but regular income - best for retirees or those needing cash flow.
Can I get loan against FD?
Yes, most banks offer loans against FD up to 90-95% of deposit value at 1-2% above FD rate. No processing fee, instant approval, FD continues earning interest. Ideal for emergency funds without breaking FD.