Run a conservative scenario before relying on the headline result.
Fixed Deposit Calculator
Calculate FD maturity across rates, tenures and compounding frequencies. Adjust the assumptions, inspect the chart and read the complete guide below.
02 Your projection
Projected value₹7.01 LUpdates instantly as you edit
Total invested / base₹5.00 L
Growth / cost₹2.01 L
Assumed annual rate7.00%
Projection journeyHover to inspect a year
This is an educational projection based on the assumptions entered above.
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Five smart nudges
Use the result with context.
Review the assumptions after any major change in income, rates or goals.
Keep emergency money separate from long-term investments.
Account for taxes, charges and inflation when comparing options.
Use this estimate to ask better questions, not as a return promise.
Understanding FD in India
Editorially reviewed 12 July 2026 · Rules and assumptions can change
FD maturity depends on compounding and payout
A cumulative fixed deposit reinvests interest, while a monthly or quarterly payout FD distributes it and therefore does not compound the same way. This calculator uses annual compounding for comparison; the bank’s deposit receipt may use quarterly compounding, simple payout interest or a different day-count and rounding convention.
₹5 lakh at 7% for five years is about ₹7.01 lakh with annual compounding before tax. Quarterly compounding would be slightly different. Match the calculator setting to the actual product rather than treating every 7% quote as identical.
Post-tax return and TDS
FD interest is generally taxable at the depositor’s applicable rate. TDS is a collection mechanism, not the final tax; no deduction at source does not make interest exempt, and TDS can differ from final liability. Compare post-tax yield: 7% taxed at 30% is about 4.9% before cess, which may trail inflation.
Interest accrued across banks and branches still belongs in the taxpayer’s reporting. Senior-citizen and declaration provisions have eligibility conditions; verify current thresholds and forms.
Safety, premature closure and laddering
Deposit insurance is subject to DICGC limits and conditions per depositor per insured bank, combining eligible accounts in the same right and capacity. Splitting deposits across branches of one bank does not necessarily create separate coverage.
Premature closure can reduce the applicable rate and add penalty. A ladder of different maturities can reduce reinvestment and liquidity concentration compared with locking the entire amount for one date.
FD comparison checklist
Compare effective yield, compounding, payout, callable or non-callable status, premature penalty, auto-renewal, lien, nomination, tax and institution risk. A corporate deposit is not equivalent to an insured bank FD.
Match maturity to the goal, keep emergency money accessible and record maturity instructions. This estimate excludes exact day count, TDS and bank-specific rounding.
Official sources used for this guide
Rates, thresholds and rules can change after the review date. Check the linked authority and the provider’s current documents before acting.
FD calculator FAQs
Is FD interest tax-free if no TDS is deducted?
No. TDS and final tax liability are different; interest can remain reportable.
Does every FD compound quarterly?
No. Cumulative and payout products use different conventions; check the receipt.
Are deposits fully insured?
DICGC protection is limited and aggregated under its rules, not unlimited for every account.
What happens on premature closure?
The bank may apply the rate for the actual tenure and a penalty under product terms.
Why build an FD ladder?
Staggered maturities improve access and reduce dependence on one future reinvestment rate.