FD Calculator: Fixed Deposit Maturity and Interest

Your details

Cumulative FDs reinvest interest until maturity for higher total returns. Non-cumulative FDs pay interest periodically as income.
The lump sum you deposit with the bank or NBFC.
The per-annum interest rate offered by the bank. Check your FD offer letter for the exact rate.
% p.a.
Most Indian banks offer an additional 0.25-0.5% to depositors aged 60 and above. This adds 0.5% to your stated rate.
Full years of the deposit. Add months below for mixed tenures.
yr
Extra months on top of the full years above (0-11).
mo
How often interest is added to your principal. More frequent compounding gives slightly higher returns.
Currency
Maturity amountModerate yield
₹123,144

Total value of the deposit over the tenure. For a non-cumulative FD this is the principal returned at maturity plus the interest already paid out to you.

Total interest earned₹23,144
Effective annual yield7.19%
Principal deposited₹100,000
Tenure3 years
Maturity amount₹123,144
Interest earned₹23,144

Maturity value: ₹1,23,144, total interest: ₹23,144.

  • Your ₹1,00,000 deposit grows to ₹1,23,144 over 3 years, an overall gain of 23.1%.
  • Compounding means you earn interest on interest: the last year alone contributes more than the first because your balance is larger.
  • The effective annual yield is 7.19%, which is the true annual return after accounting for compounding.
  • FD interest is taxable as "income from other sources" in India. If your total FD interest from one bank exceeds INR 50,000 in a financial year (INR 1,00,000 for senior citizens), the bank deducts TDS at 10% (20% without PAN).

Next stepCompare this rate against RBI-regulated small finance bank FDs, which often offer 0.5-1% more than large public sector banks for the same tenure.

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