FD Calculator
Calculate Fixed Deposit maturity amount, total interest earned, and effective annual yield for any FD tenure and interest rate.
Educational Purpose Disclaimer
This calculator is provided for informational and educational estimation purposes only. All calculations and projections are based on standard mathematical formulas and assumed inputs. The output values should not be considered professional financial, legal, tax, or medical advice. ProCalc is not a registered financial advisor or licensed practitioner. Always consult a qualified professional (such as a Chartered Accountant, certified planner, or physician) before making major decisions.
What is the FD Calculator?
Use this Fixed Deposit (FD) Calculator to estimate how much your savings will grow. FDs offer secure, guaranteed returns with zero market risk. They are a highly popular choice for saving in India.
Enter your deposit amount, interest rate, and years to see your maturity value. Our calculator supports quarterly, monthly, and annual compounding frequencies.
Why use an FD calculator?
- Know the exact maturity amount: Bank sheets often only show the interest rate. This tool shows you the actual cash returns.
- Compare bank rates: See how a minor interest rate increase impacts your final savings.
- Plan tax savings: Model returns for tax-saving FDs (which have a 5-year lock-in).
Fixed deposits are safe and secure. In India, deposits up to ₹5 lakh are fully insured by the DICGC. Use this tool to get clear numbers and make better savings choices.
How Does the FD Calculator Work?
1. Enter Principal Amount: Type the amount you want to deposit in your Fixed Deposit.
2. Enter Interest Rate: Input the annual interest rate offered by your bank. Check your bank's latest FD rates online or at a branch.
3. Enter Tenure: Select or type the FD duration in years. Common options are 1, 2, 3, or 5 years.
4. Select Compounding Frequency: Most Indian bank FDs compound quarterly. Choose the appropriate option.
5. View Results: The calculator shows your maturity amount, total interest earned, and effective annual yield.
Formula & Calculation Method
FD Maturity Amount = P × (1 + r/n)^(n×t)
Where:
- P = Principal (deposit amount)
- r = Annual interest rate ÷ 100
- n = Number of times interest is compounded per year (1=annual, 2=half-yearly, 4=quarterly, 12=monthly)
- t = Tenure in years
Effective Annual Rate (EAR) = (1 + r/n)^n − 1
Example: ₹1,00,000 at 7% per annum, quarterly compounding, 3 years → Maturity = 1,00,000 × (1 + 0.07/4)^(4×3) = 1,00,000 × (1.0175)^12 ≈ ₹1,23,144. Total interest = ₹23,144.
Example Calculation
Example 1 — SBI 1-year FD: ₹5,00,000 at 6.8% p.a. quarterly compounding → Maturity ≈ ₹5,35,154. Interest earned ≈ ₹35,154.
Example 2 — Senior Citizen 3-year FD: ₹10,00,000 at 7.5% p.a. quarterly compounding → Maturity ≈ ₹12,51,698. Interest earned ≈ ₹2,51,698.
Example 3 — Tax-Saving 5-year FD: ₹1,50,000 at 7% p.a. quarterly compounding → Maturity ≈ ₹2,12,316. Interest earned ≈ ₹62,316.
Frequently Asked Questions
FD Maturity Amount = P × (1 + r/n)^(n×t) Where: - P = Principal (deposit amount) - r = Annual interest rate ÷ 100 - n = Number of times interest is compounded per year (1=annual, 2=half-yearly, 4=quarterly, 12=monthly) - t = Tenure in years Effective Annual Rate (EAR) = (1 + r/n)^n − 1 Example: ₹1,00,000 at 7% per annum, quarterly compounding, 3 years → Maturity = 1,00,000 × (1 + 0.07/4)^(4×3) = 1,00,000 × (1.0175)^12 ≈ ₹1,23,144. Total interest = ₹23,144.
Disclaimer: This financial calculator is provided for educational and estimation purposes only. ProCalc is not a registered financial advisor or SEBI entity. Rates and tax rules may vary.