FD Calculator

Check guaranteed maturity returns on bank Fixed Deposits with quarterly compounding.

₹
%
Yr
Principal Deposit₹5,00,000
Total Interest₹2,16,130
Maturity Amount₹7,16,130
1.4xMaturity
Principal
Interest

Fixed Deposit (FD) Calculator – Bank FD Interest & Maturity Calculator

Fixed Deposits (FDs) remain one of the most reliable and trusted fixed-income investment avenues in India, offering assured returns unaffected by market fluctuations.

Our Bank FD Calculator utilizes the standard Indian banking quarterly compounding convention to calculate your total maturity value and interest earnings across any tenure.

What is a Fixed Deposit Calculator?

A Fixed Deposit is a financial agreement where an investor deposits a lump sum with a scheduled commercial bank or NBFC for a fixed tenure at an agreed interest rate.

In India, bank FDs compound interest every quarter (four times per year). Our calculator applies this exact formula to prevent discrepancies between estimates and your bank deposit certificate.

Benefits of Using an FD Calculator

Accurately captures the power of quarterly compounding over simple interest estimates.
Helps senior citizens model their 0.50% preferential rate premium.
Enables instant comparisons between different banks and NBFC tenures to maximize returns.

Formula for Bank Fixed Deposits

Indian banks compound interest quarterly according to the formula:

Calculation Formula
A = P × (1 + r / 4)^(4 × t)
Parameters Definition
A:Total maturity payout received upon completion of tenure.
P:Principal deposit amount placed in the FD.
r:Annual rate of interest (in decimal, e.g. 7.5% = 0.075).
t:Tenure in years.
Illustration & Numerical Example

Depositing ₹2,00,000 for 5 years at a 7.25% bank interest rate:

• Quarterly Rate: 0.0725 / 4 = 0.018125
• Total Compounding Cycles: 5 × 4 = 20 quarters
• Multiplier: (1.018125)^20 ≈ 1.432
Maturity Corpus ≈ ₹2,86,400 (Interest Earned: ₹86,400).

How to Use the FD Calculator

1

Enter your planned principal deposit amount.

2

Specify the bank's offered annual interest rate.

3

Choose your tenure in years (from 1 to 10 years).

4

View your total payout and interest earned breakdown instantly.

Frequently Asked Questions

Are bank fixed deposits safe in India?
Yes. Bank deposits are insured up to ₹5,00,000 (inclusive of principal and accrued interest) per depositor per bank by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly-owned subsidiary of the Reserve Bank of India.

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Expert Advisory

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