FD Calculator
A fixed deposit (FD) earns a fixed interest rate for a fixed period. Most Indian banks compound FD interest every quarter. Use this calculator to see your maturity value and total interest.
Maturity value
₹1,41,478
- Deposit amount
- ₹1,00,000
- Total interest
- ₹41,478
Results are illustrative and are before tax. Actual interest depends on the rate, compounding and terms offered by your bank or post office.
Want FD-like returns without the lock-in?
Bachatt Insta Fund is a liquid mutual fund you can withdraw from anytime. It is not a bank FD; returns are market-linked.
How to use the FD Calculator
- 1Enter the amount you want to deposit.
- 2Enter the interest rate your bank offers.
- 3Choose the tenure of the deposit.
Formula
A = P × (1 + r ÷ 4)⁴ᵗ
- A = maturity value
- P = deposit amount
- r = annual interest rate
- t = tenure in years (compounded quarterly)
Frequently asked questions
How is FD interest calculated?+
Most banks use compound interest, added to your deposit every quarter. The calculator uses quarterly compounding, which is the most common method for FDs in India.
Is FD interest taxable?+
Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct TDS when interest crosses the threshold set by the Income Tax Department.
Can I withdraw an FD before maturity?+
Usually yes, but most banks charge a premature-withdrawal penalty and pay a lower rate. Tax-saving FDs have a 5-year lock-in.
Is there an alternative to an FD without a lock-in?+
Liquid mutual funds, like Bachatt Insta Fund, aim for FD-like returns and let you withdraw anytime. They are not bank deposits and their returns are market-linked.