Fixed Deposit Calculator
Work out what your fixed deposit will be worth. Enter the deposit amount, interest rate and tenure to see the maturity value, interest earned and growth over time.
Your result will appear here
Your fixed deposit
Maturity = P × (1 + r/n)^(n×t). Interest on fixed deposits is usually taxable — check your local tax rules. Figures are estimates; your bank's exact schedule may differ.
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How to use
- Enter your deposit amount, annual interest rate and tenure.
- Choose how often interest is compounded — quarterly is standard at most banks.
- Click Calculate FD maturity to see the maturity value and growth chart.
Frequently asked questions
How is FD maturity calculated?
With compound interest: maturity = principal × (1 + rate ÷ compounding frequency) ^ (frequency × years). More frequent compounding earns slightly more.
Is fixed deposit interest taxable?
In most countries, yes — FD interest counts as income and may be taxed, and banks may deduct tax at source above a threshold. Check your local rules.
What is a good FD interest rate?
Rates change with central bank policy and differ by bank and tenure. Compare a few banks for the same tenure before locking your money in.
Can I withdraw a fixed deposit early?
Usually yes, but banks charge a penalty — typically 0.5% to 1% less interest than the promised rate. This calculator assumes you hold to maturity.