Accurate FD Interest Calculator
Your essential tool for calculating Fixed Deposit returns. Instantly find out your maturity amount, interest earned, and post-tax returns to make informed investment decisions.
Maturity Calculation
Know your final returns
Interest Earned
See your total earnings
Compounding Power
Choose compounding frequency
Tax Calculation
Calculate post-tax returns
What is an FD Calculator?
A financial tool that helps you calculate the returns on a Fixed Deposit, allowing you to plan your investments with precision.
Your Investment Projection Tool
An FD (Fixed Deposit) Calculator is an online tool that computes the maturity amount and the total interest you will earn on your investment. By providing details like the deposit amount, interest rate, tenure, and compounding frequency, it helps you forecast your earnings and make smarter investment choices.
Plan for Financial Goals
Know exactly how much your investment will grow, helping you plan for future expenses like education, travel, or a down payment.
Compare Different FD Schemes
Easily compare offers from different banks by calculating the potential returns for each scheme side-by-side.
Understand the Power of Compounding
Visualize how different compounding frequencies (monthly, quarterly, yearly) can impact your total earnings.
Smart Tax Planning
Our calculator helps you estimate post-tax returns by factoring in TDS, giving you a clearer picture of your net income.
Accurate Calculations
Uses standard banking formulas for both simple and compound interest to ensure precise results.
Senior Citizen & Tax
Includes special options for senior citizen rates and TDS calculation for accurate, real-world estimates.
Growth Schedule
Provides a detailed year-by-year table showing how your investment grows over the entire tenure.
Why Choose Our FD Calculator?
100% Free & Confidential
No hidden charges and your investment data is never stored on our servers.
No Registration Required
Start calculating your FD returns immediately without any signup process.
Detailed Breakdowns
Get more than just the final number. See charts, schedules, and tax implications.
Export Your Results
Easily download your calculations as a text file or a CSV for your records.
FD Interest Calculator
Calculate the maturity value and interest earned on your Fixed Deposit investment.
How to Use the FD Calculator
Follow these simple steps to get accurate FD maturity calculations in seconds.
Enter Your Investment Details
Input the core details of your Fixed Deposit: the total amount you want to invest (Principal), the annual interest rate offered by the bank, and the duration (Tenure) in years, months, or days.
💡 Tip: Check the 'Senior Citizen' box if applicable to automatically get a higher interest rate.
Select Calculation Options
Choose the compounding frequency (e.g., Quarterly, Monthly) as specified by your bank. If you want to see your post-tax returns, check the 'Calculate Post-Tax Returns' box.
Get Instant, Detailed Results
Click the "Calculate FD" button. You will see a comprehensive breakdown including maturity amount, total interest, tax deductions, a visual chart, and a yearly growth schedule.
⚡ The results provide everything you need to understand your investment's potential.
Understanding FD Concepts
The way your interest is calculated (compounded) significantly impacts your final returns. Here's a quick guide.
| Compounding Frequency | Description | Impact on Returns |
|---|---|---|
| Simple Interest | Interest is calculated only on the initial principal amount. | Lowest Returns |
| Yearly | Interest is calculated and added to the principal once every year. | Low Returns |
| Half-Yearly | Interest is calculated and added to the principal every six months. | Moderate Returns |
| Quarterly | Interest is calculated and added to the principal every three months. (Most Common) | High Returns |
| Monthly | Interest is calculated and added to the principal every month. | Highest Returns |
Formulas & Taxation Rules
Understand the calculations used for your FD returns and the tax implications on your interest income.
Compound Interest Formula
This formula is used when your interest is reinvested periodically. Here's what it means:
M = P * (1 + r/n)^(n*t)
- M = Maturity Amount
- P = Principal Amount
- r = Annual Interest Rate (decimal)
- n = Compounding Frequency per year
- t = Tenure in years
Simple Interest Formula
This formula is used when interest is not reinvested and is calculated only on the principal amount.
M = P * (1 + r*t)
- M = Maturity Amount
- P = Principal Amount
- r = Annual Interest Rate (decimal)
- t = Tenure in years
Understanding TDS on FD Interest
What is TDS?
TDS (Tax Deducted at Source) is a tax that banks are required to deduct from your interest income if it crosses a certain threshold. The current rate is generally 10%.
-
For Regular Citizens
TDS is applicable if total interest income from all FDs with a bank exceeds ₹40,000 in a financial year.
-
For Senior Citizens
The TDS threshold is higher. It is applicable if total interest income exceeds ₹50,000 in a financial year.
-
How to Avoid TDS
If your total annual income is below the taxable limit, you can submit Form 15G (for regular citizens) or Form 15H (for senior citizens) to the bank to request that they do not deduct TDS.
Applications of the FD Calculator
Discover how our FD calculator helps in planning for various financial goals and investment scenarios.
Short-Term Goal Planning
Planning for a vacation, a new gadget, or a down payment in the next 1-3 years? Use the calculator to determine how much you need to invest and for how long to reach your target amount.
Long-Term Wealth Creation
Fixed Deposits are a safe way to grow your money for long-term goals. Calculate the maturity value for goals like your child's education, retirement planning, or building a substantial financial corpus.
Senior Citizen Investment Planning
Senior citizens can take advantage of higher interest rates. Use our calculator's senior citizen option to accurately forecast returns for a steady, low-risk income stream during retirement.
FD vs RD: What's the Difference?
Both are secure investment options, but they serve different financial needs. Here is a detailed breakdown to help you decide.
Fixed Deposit (FD)
- Method: Lump Sum
- Best For: People with savings
- Returns: Max Interest
Recurring Deposit (RD)
- Method: Monthly Installments
- Best For: Salaried / Students
- Returns: Gradual Growth
Choose FD If...
- You have received a bonus, inheritance, or sold a property.
- You want to lock away money for a long period (1-10 years).
- You want maximum returns on capital available right now.
Choose RD If...
- You earn a monthly salary or steady income.
- You find it hard to save large amounts at once.
- You are planning for a short-term goal (e.g., a vacation in 12 months).
FD Calculation Examples
See real-world examples of how our FD calculator works in different investment scenarios.
Example: Short-Term Investment for a Trip
Scenario: Saving for a vacation in 1 year
Aisha invests ₹1,00,000 for one year.
Example: Long-Term Goal (Education Fund)
Scenario: Saving for a child's college fund
The Sharma family invests ₹5,00,000 for 5 years.
Trusted by Thousands on Their Health Journey
Join a growing community of users who rely on our platform for secure, fast, and free health calculations. Your privacy is our top priority—no sign-ups and no stored data.
Frequently Asked Questions
Get answers to common questions about Fixed Deposits.
What is a Fixed Deposit (FD)?
A Fixed Deposit is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date. The money is locked in for a specific period.
What is compounding frequency?
It's how often the interest earned is added back to the principal amount. More frequent compounding (e.g., quarterly vs. yearly) results in a slightly higher maturity amount because you start earning interest on your previously earned interest sooner.
What is TDS on FD?
TDS stands for Tax Deducted at Source. If the interest you earn from your FDs in a financial year exceeds ₹40,000 (₹50,000 for senior citizens), the bank is required to deduct tax at a rate of 10% on the interest earned.
Why do senior citizens get a higher interest rate?
Banks and financial institutions offer a preferential, higher interest rate (typically 0.5% more) to senior citizens (usually aged 60 and above) as a benefit and to encourage savings among the elderly population.
Need More Help?
Can’t find the answer you're looking for? Reach out to us and we’ll get back to you as soon as possible.
Contact Us