Fixed Deposit (FD) Calculator
Calculate the exact maturity value of your Fixed Deposit based on Indian banking standards showing quarterly compounding effects.
Formula (Quarterly Compounding)
A = P(1 + r/n)ⁿᵗ
Where n = 4 (compounded quarterly)
Maturity Amount
₹7,07,389
Guaranteed payout
Interest Earned
₹2,07,389
41.5% absolute return
Principal Amount
₹5,00,000
One-time deposit
Compound Rate
7
Annual interest
Guaranteed Growth
Year-by-Year Growth
| Year | Principal | Value | Cumulative Interest |
|---|---|---|---|
| 1 | ₹5,00,000 | ₹5,35,930 | +₹35,930 |
| 2 | ₹5,00,000 | ₹5,74,441 | +₹74,441 |
| 3 | ₹5,00,000 | ₹6,15,720 | +₹1,15,720 |
| 4 | ₹5,00,000 | ₹6,59,965 | +₹1,59,965 |
| 5 | ₹5,00,000 | ₹7,07,389 | +₹2,07,389 |
How is this calculated?
Fixed Deposits compound quarterly based on standard Indian banking formulas:
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The staple investment for Indian households. Secure your capital and earn guaranteed returns without market volatility. Our calculator accurately reflects the quarterly compounding cycle standard across Indian banks.
Key Benefits of Fixed Deposits
Senior Citizens Benefit
Anyone aged 60 and above automatically gets an additional 0.50% interest rate on almost all bank FDs, alongside an enhanced ₹50,000 TDS exemption limit.
DICGC Insurance Cover
In the catastrophic event a bank defaults, your deposits (both principal + interest) are insured up to ₹5 Lakhs per bank by the RBI's DICGC.
Loans Against FD
Rather than breaking an FD prematurely and paying a penalty, you can easily take an overdraft loan up to 90% of your deposit at a rate just ~2% higher than your FD rate.
Standard FD vs Tax-Saving FD (80C)
Can an FD save you income tax?
Under Section 80C of the Income Tax Act, you can invest up to ₹1.5 Lakhs in a special "5-Year Tax-Saving FD" to claim a deduction from your gross total income.
- Strict Lock-in: The deposit has a mandatory 5-year lock-in period. Premature withdrawal or loan against this FD is strictly prohibited.
- Interest is Taxable: Although the principal amount gives you an 80C deduction, the interest you earn from this FD is still fully taxable according to your slab.
- Old Regime Only: Section 80C deductions are only applicable if you opt for the Old Tax Regime. The New Tax Regime does not support this deduction.