Financial Calculators
Fixed Deposit Calculator
Estimate fixed deposit maturity value and interest earnings with different investment durations and interest rates.
Deposit Details
Maturity Amount
$140,255
Disclaimer: Please note that these calculators are for illustrations only and do not represent actual returns.
Interest rates may vary across banks and financial institutions, and actual returns depend on applicable rates and compounding frequency.
What Is Fixed Deposit Calculator?
An Fixed Deposit Calculator helps investors estimate fixed deposit maturity value and total interest earnings based on investment amount, interest rate, and investment duration. Fixed deposits, term deposits, certificates of deposit, and similar savings products are popular low-risk investment options offered by banks and financial institutions worldwide.
Unlike a savings account, a fixed deposit locks in both your money and your interest rate for a chosen tenure — in exchange, banks typically pay a meaningfully higher rate than a regular savings account. Breaking an FD before maturity usually forfeits some interest (a "premature withdrawal penalty"), so FD tenure should generally match a genuine time horizon, not just chase whichever bank is advertising the highest headline rate that week.
How Is FD Maturity Calculated?
This calculator uses annual compounding:
Maturity Value = P × (1 + R/100)^N
Here P is the principal deposited, R is the annual interest rate, and N is the tenure in years. A ₹1,00,000 deposit at 7% for 5 years grows to roughly ₹1,40,255 — ₹40,255 in interest — under annual compounding. Many banks actually compound quarterly rather than annually, which produces a slightly higher effective return than this simplified annual formula for the same quoted rate; check your bank's specific compounding frequency before comparing FD offers side by side.
Benefits Of Fixed Deposits
Safe Investment
Fixed deposits are considered one of the safest investment options with predictable returns and low financial risk.
Guaranteed Returns
FD returns are fixed at the time of investment and are not directly affected by stock market volatility.
Flexible Duration
Investors can choose short-term or long-term deposit periods based on financial goals and liquidity needs.
Better Savings Planning
Fixed Deposit Calculator help estimate future maturity value for retirement planning, emergency funds, and wealth preservation.
Frequently Asked Questions
How is FD maturity amount calculated?
FD maturity amount depends on principal investment, interest rate, compounding frequency, and investment duration.
Are fixed deposits risk-free?
Fixed deposits are generally considered low-risk investments, especially when offered by regulated banks and institutions.
Which is better: Fixed Deposit or Recurring Investment?
Fixed deposits provide stable returns, while recurring investments in diversified portfolios may offer higher long-term growth but with greater risk.
Is FD interest taxable?
Yes — FD interest is added to your taxable income and taxed at your slab rate. Banks deduct TDS if interest earned crosses the threshold set for the year, but you still owe tax on the full interest amount regardless of TDS deduction.
What happens if I withdraw an FD before maturity?
Most banks apply a penalty — commonly 0.5–1% lower interest than the rate you'd have earned for the period actually held — rather than forfeiting all interest. Terms vary by bank, so check the specific premature-withdrawal clause before investing.