Work out the maturity value and total interest on a fixed deposit. Everything runs in your browser — no signup required.
This is an estimate. Fees, charges, surcharge and your provider's own rules can change the actual figure.
With an FD you deposit a fixed amount for a fixed period and the bank pays interest at a rate agreed in advance. Most Indian banks use quarterly compounding — the interest from every three months is added back to the principal.
M = P × (1 + r/4)^(4n)
P = deposit, r = annual rate (decimal), n = years. Quarterly compounding is assumed.
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Yes. FD interest is added to your total income and taxed at your slab rate. Banks may also deduct TDS once the interest crosses a threshold.
Banks generally offer senior citizens a slightly higher rate. For an accurate figure, enter your bank's senior citizen rate in the rate field.
On premature withdrawal banks usually charge a penalty and pay interest at a lower rate. So choose a tenure for which you can genuinely lock the money away.