Fixed Deposit (FD) Calculator: Project Your FD Maturity Amount
Fixed Deposits remain India's most trusted savings instrument, offering guaranteed returns with full capital protection. Our FD Calculator computes maturity amount and interest earned for any deposit amount, tenure, and interest rate, with support for quarterly compounding (standard in India) and the comparison between cumulative and non-cumulative payout options.
FD Basics
You deposit a lump sum for a fixed tenure (7 days to 10 years) at a fixed interest rate. Banks compound interest quarterly in India. At maturity, you receive principal plus accumulated interest. Premature withdrawal typically reduces the interest rate by 0.5-1%. FD interest is taxable as income; TDS applies above ₹40,000/year per bank (₹50,000 for senior citizens).
Cumulative vs. Non-Cumulative FD
Cumulative FD: Interest compounds and is paid at maturity. Higher effective return due to interest-on-interest. Best for wealth building with no immediate income need. Non-cumulative FD: Interest is paid out at regular intervals (monthly/quarterly/annually). Effective return is slightly lower than cumulative due to no compounding on paid-out interest. Best for regular income needs (retired investors).
Current FD Rates (Indicative, 2025)
Major PSU banks (SBI, PNB, Bank of Baroda): 6.5-7.25% for general public, 7-7.75% for senior citizens. Private banks (HDFC, ICICI, Axis): 7-7.5% for general, 7.5-8% for seniors. Small Finance Banks (AU, Utkarsh, ESAF): 8-9.5% for general — higher returns but verify DICGC insurance coverage of ₹5 lakh per depositor. Always check the bank's current rate card before investing.
How to Use This Calculator
- Enter deposit amount, annual interest rate, and tenure (in months or years).
- Select cumulative or non-cumulative, and payout frequency for non-cumulative.
- Click Calculate for maturity amount, total interest earned, effective annual yield, and for non-cumulative: periodic payout amount.
Conclusion
Use our FD Calculator to compare different tenures and banks before locking in your money. Pay particular attention to effective yield rather than just the stated rate, and always stay within ₹5 lakh per bank for full DICGC deposit insurance protection.