FD Calculator — Fixed Deposit Maturity & Interest
Most Indian banks compound FD interest every quarter. Check your bank's current rate — senior citizens usually get a little more.
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How it's calculated
- Maturity = P × (1 + r ÷ n)^(n × t)
- r = yearly rate ÷ 100, n = compounding times per year, t = years
- Quarterly payout = P × r ÷ 4
Worked example
₹1,00,000 at 7% for 5 years, compounded quarterly, matures at ₹1,41,478.
Load this example into the calculatorAssumptions and limits
- Rate fixed for the whole tenure.
- No premature withdrawal.
Common questions
Why is the effective yield higher than the FD rate?
Because quarterly interest itself earns interest. 7% compounded quarterly works out to about 7.19% a year.