FD Calculator

Free FD calculator. Work out your fixed deposit maturity amount and interest earned for any rate, tenure and compounding frequency — instantly and accurately.

✓ Free ⚡ Instant 🔒 100% private
Deposit details
Total investment
₹5K₹1 Cr
Interest rate% p.a.
1%12%
Tenure yr mo
020 yrs
Compounding
Maturity value
Maturity amount₹0
Invested amount
₹0
Interest earned
₹0

🔒 Calculated in your browser. This shows the maturity before TDS; banks deduct TDS on interest above the annual threshold.

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Free FD Calculator

This free online FD calculator works out the maturity amount and interest earned on a fixed deposit. Enter your deposit amount, the interest rate, the tenure and how often interest compounds, and instantly see how much your FD will be worth at maturity. It’s free, accurate and runs entirely in your browser.

How to use the FD calculator

  1. Enter your deposit amount (the principal you’ll invest).
  2. Set the annual interest rate offered by your bank.
  3. Enter the tenure in years and months.
  4. Choose the compounding frequency — most banks compound quarterly.
  5. See your maturity amount and total interest, with a breakdown chart.

How fixed deposit interest is calculated

Fixed deposits use compound interest. The maturity amount is A = P × (1 + r/n)n×t, where P is your deposit, r is the annual rate (as a decimal), n is the number of times interest is compounded per year, and t is the tenure in years. Because interest is added back to the principal each period, you earn interest on your interest — so more frequent compounding gives a slightly higher maturity value.

Most Indian banks compound FD interest quarterly. Senior citizens usually get a slightly higher rate. Remember that banks deduct TDS (tax deducted at source) if your interest in a year crosses the threshold, so your in-hand amount may be a little lower than the figure shown here.

Frequently asked questions

Is this FD calculator free and accurate?
Yes. It’s completely free, runs in your browser, and uses the standard compound-interest formula banks use for fixed deposits, so the maturity value is accurate for the rate and frequency you choose.
How often do banks compound FD interest?
Most banks in India compound fixed deposit interest quarterly. You can change the frequency in the calculator to monthly, half-yearly or yearly to match your bank’s terms.
Does the calculator account for TDS?
No, it shows the maturity value before tax. Banks deduct TDS on FD interest once it crosses the annual threshold, so your actual in-hand amount may be slightly lower.
Does more frequent compounding earn more?
Yes, slightly. The more often interest is compounded, the sooner it starts earning interest itself, so monthly compounding gives a marginally higher maturity than yearly compounding at the same rate.
Is my data stored anywhere?
No. The calculation runs locally in your browser. Your deposit details are never uploaded to a server.
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