Fixed Deposit Calculator
Estimate FD maturity amount, monthly or quarterly payouts, total interest, and year-by-year growth for common fixed deposit scenarios.
This tool is part of our broader calculator collection. You may also find our SIP Calculator and EMI Calculator useful, or explore all tools in our Financial Calculators hub.
This Fixed Deposit Calculator helps you estimate FD maturity amount, payout income, total interest, and maturity date using deposit amount, annual rate, tenure, and payout mode.
FD Details
Results
Assumptions
- Enter the actual FD rate offered by your bank for your customer type.
- On Maturity mode estimates cumulative compounding.
- Monthly and quarterly payout modes are simplified payout estimates.
- TDS, penalties, and bank-specific scheme rules are not included.
📈 Principal vs Interest at Maturity
Enter your details to see the chart.
📋 View estimated year-by-year growth
| Period | Estimated Balance | Interest Earned So Far |
|---|---|---|
| Enter your details to see the breakdown. | ||
Rows will show estimated balance growth based on the selected compounding frequency.
How to Use This Fixed Deposit Calculator
Enter your deposit amount, annual interest rate, and tenure in years plus additional months. Choose whether you want to estimate an FD that pays interest on maturity, monthly, or quarterly. If you know the deposit start date, you can also enter it to estimate a maturity date.
Use the General or Senior Citizen toggle to match the rate category you are using, then enter the actual FD rate offered by your bank. Results update automatically and include a chart plus a mode-aware breakdown table.
How We Estimate On Maturity, Monthly, and Quarterly FD Results
On Maturity mode estimates cumulative growth using compound interest, which is suitable for fixed deposits where interest is reinvested until maturity. Monthly and quarterly payout modes estimate periodic interest payouts using the annual rate entered and assume the principal is returned at maturity.
Because payout conventions can differ between banks, monthly and quarterly results are shown as planning estimates rather than exact bank quotations.
Cumulative vs Monthly vs Quarterly Payout FD
A cumulative or On Maturity FD is generally used when you want the deposit to grow until the end of the term. Monthly and quarterly payout FDs are more useful when you want periodic income during the term, such as for household cash flow or retirement planning.
Choose the payout mode that most closely matches the FD product you are comparing. If your bank uses a special scheme or a different broken-period method, your final numbers may differ slightly.
What Can Change Your Actual FD Return?
- Bank-specific compounding and payout conventions
- Different rates for general and senior citizen deposits
- Broken-period treatment for non-standard tenures
- Premature withdrawal rules and penalties
- Taxes / TDS, which are not included here
Frequently Asked Questions
Educational estimates only. For bank-specific maturity values or payout schedules, refer to your bank’s FD terms.
Q1. What is a Fixed Deposit Calculator?
A Fixed Deposit Calculator estimates your FD maturity amount, total interest earned, and periodic income based on your deposit amount, annual interest rate, tenure, and chosen payout mode.
Q2. How is FD maturity amount calculated?
Cumulative FD maturity is calculated using the standard compound interest formula: A = P (1 + r/n)^(nt). Here, P is the principal, r is the annual interest rate, n is the compounding frequency, and t is the tenure in years.
Q3. What is the difference between cumulative (On Maturity) and monthly payout FD?
In a cumulative FD, the interest is reinvested and paid to you at the end of the tenure along with the principal. In a monthly payout FD, the interest is not reinvested; it is credited to your bank account every month to provide regular income.
Q4. Do senior citizens get higher FD interest rates?
Yes, most banks in India offer an additional interest rate (typically 0.50% to 0.75% higher) for senior citizens. You can use the Senior Citizen toggle in this calculator and enter your bank’s specific senior citizen rate to estimate your returns.
Q5. Which compounding frequency do most banks use?
Most major banks in India use quarterly compounding for standard cumulative fixed deposits. If you are unsure, leaving the calculator set to Quarterly is the best estimate for Indian FDs.
Q6. Does this calculator deduct TDS or income tax?
No. This calculator provides the gross estimated maturity value and interest earned before any Tax Deducted at Source (TDS) or income tax is applied. Your actual payout may be lower if your bank deducts TDS.
Q7. Can I calculate monthly or quarterly interest payout on an FD?
Yes. This calculator can estimate monthly payout and quarterly payout fixed deposits based on the annual interest rate, deposit amount, and tenure entered. Actual payout schedules and broken-period treatment may vary by bank.
Q8. Can I estimate the FD maturity date with this calculator?
Yes. If you enter the optional start date, the calculator can estimate the maturity date based on the tenure in years and additional months.
Sources & Further Reading
These references explain compounding concepts, fixed deposit basics, and common bank FD product structures.
Investopedia — Compound Interest: Formula and ExamplesState Bank of India — Term Deposits
HDFC Bank — Fixed Deposit
ICICI Bank — Fixed Deposit