FD Calculator
Estimate the interest and maturity amount of a fixed deposit. Choose the compounding frequency your bank offers and compare outcomes.
Principal
₹1,00,000
Interest Earned
₹41,478
Maturity Amount
₹1,41,478
Estimate only. Actual bank FD calculations can differ based on bank rules and compounding conventions.
How it is calculated
A = P × (1 + r/m)^(m × t)
P is the principal, r is the annual interest rate, m is the number of compounding periods per year, and t is the tenure in years. Interest earned is A − P.
Example
₹1,00,000 deposited for 5 years at 7% annual interest, compounded quarterly, gives a maturity amount of about ₹1,41,477, with roughly ₹41,477 of estimated interest.
Important notes
- Estimate only — actual bank calculations may differ.
- Interest on FDs may be taxable depending on your tax slab.
- Premature withdrawal usually attracts a penalty.
Frequently asked questions
What is an FD?
A Fixed Deposit is a savings product where you deposit a lump sum for a fixed tenure at a fixed interest rate, and receive the principal plus interest at maturity.
Why does compounding frequency matter?
More frequent compounding (e.g. monthly vs yearly) credits interest sooner, so the maturity amount is slightly higher at the same rate.
Will my actual FD maturity match this estimate?
It should be close, but actual results depend on the bank's compounding convention, day-count basis, and any penalties or taxes. Treat it as an estimate.
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CashBloom provides educational information and calculator estimates for general informational purposes. Results may differ from actual rates, taxes, fees, bank calculations or investment outcomes. Verify current information from official sources before making financial decisions.