Fixed Deposit (FD) Calculator
Calculate FD maturity with different compounding frequencies
FD Maturity Details
Fixed Deposit (FD) Calculator
Fixed deposits are safe investment instruments offered by banks and NBFCs with guaranteed returns. Interest compounds at various frequencies (monthly, quarterly, half-yearly, or annually).
Formula
Where A = maturity amount, P = deposit amount, r = annual interest rate (decimal), n = compounding periods per year (12/4/2/1), t = tenure in years
Current Rates (2025)
ICICI Bank (1-2 years)
As of August 2025
ICICI Bank (2-5 years)
As of August 2025
Shriram Finance (3-5 years)
As of August 2025
Example Calculation
Scenario:
Deposit ₹1,00,000 for 5 years at 6.5% p.a., quarterly compounding
Calculation:
A = 1,00,000 × (1 + 0.065/4)^(4×5)Result:
₹1,38,041.98 (Interest: ₹38,041.98, Effective yield: ~7.61%)
Key Points
- •Cumulative FD: Interest is reinvested; paid at maturity; maximizes compounding
- •Non-cumulative FD: Interest paid out periodically; suited for regular income needs
- •Premature withdrawal usually attracts penalty of 0.5%-1% depending on tenure
- •Senior citizens typically get 0.5% additional interest rate
Tax Implications:
- •FD interest is taxable under 'Income from Other Sources'
- •Banks deduct TDS if interest exceeds ₹40,000 per year (₹50,000 for senior citizens)
- •Submit Form 15G/15H to avoid TDS if total income is below taxable limit
- •DICGC insures bank deposits up to ₹5,00,000 per depositor per bank
Disclaimer: The calculations and information provided are estimates based on the inputs provided and current rates as of November 2025. Actual results may vary. Interest rates, tax laws, and regulations are subject to change. Please consult with a qualified financial advisor or tax professional for personalized advice.