FD calculator
FD Calculator: Compare Fixed Deposit Maturity Value
A fixed deposit, or FD, is one of the most widely used savings instruments in India, offering a guaranteed interest rate over a fixed tenure. This FD calculator estimates your maturity value by compounding your deposit amount at the bank's quoted annual interest rate, factoring in how often interest compounds during the tenure.
Enter your deposit amount, annual interest rate, tenure, and compounding frequency below to see the estimated maturity value and total interest earned. Compare rates across banks and small finance banks before locking in a large deposit, since rates can vary meaningfully.
Estimated FD maturity value
₹3.7 L
Frequently asked questions
What is an FD calculator?
An FD calculator estimates the maturity value of a fixed deposit by compounding the principal amount at the bank's quoted interest rate over the chosen tenure and compounding frequency.
How does compounding frequency affect FD returns?
More frequent compounding, such as quarterly instead of annually, produces a slightly higher effective return on the same nominal interest rate, since interest is added to the principal more often.
Is interest earned on FDs taxable?
Yes. Interest earned on fixed deposits is added to your total income and taxed at your applicable income tax slab rate. Banks also deduct TDS if interest exceeds the prescribed threshold in a financial year.
Are FDs safer than mutual funds?
Bank FDs offer fixed, predictable returns and are covered by DICGC insurance up to a specified limit per depositor per bank, making them lower risk than market-linked mutual funds, though typically with lower long-term returns.
Explore more: all calculators, the SIP Calculator, or the Lumpsum Calculator.