Fixed Deposit Calculator

Plan your savings with our Fixed Deposit calculator. Estimate returns based on principal, tenure, and compounding frequency.

Accurate return projections
Flexible compounding options
Visual growth charts
Fixed Deposit savings
₹
Enter principal amount (₹1,000 - ₹1,00,00,000).
Enter principal amount (₹1,000 - ₹1,00,00,000).
Years
Enter tenure between 1-30 years.
Enter tenure of the fixed deposit (1-30 years).
%
Enter interest rate between 1-15%.
Default is 6.5% (typical FD rate). Adjust for projections.
Select how often interest is compounded.

Estimated Returns

Invested Amount
₹0
Est. Interest
₹0
Maturity Value
₹0
Annualized Return
0%
How FD Works
Deposit Amount

Invest a lump sum with a bank or financial institution.

Earn Interest

Earn interest based on the chosen tenure and compounding frequency.

Maturity

Receive principal plus interest at maturity or opt for periodic payouts.

Year Invested (₹) Interest (₹) Maturity Value (₹) CAGR (%)

What is a Fixed Deposit?

A Fixed Deposit (FD) is a financial instrument offered by banks and non-banking financial companies (NBFCs) that provides investors with a higher rate of interest than a regular savings account. It is a low-risk investment option suitable for those seeking guaranteed returns.

Investors deposit a lump sum for a fixed tenure, ranging from a few months to several years, and earn interest based on the chosen compounding frequency. The principal and interest are returned at maturity.

Did You Know?

Investing ₹1,00,000 at 6.5% for 5 years with quarterly compounding can grow to over ₹1,37,000!

Benefits of FD

FDs offer fixed interest rates, ensuring predictable returns regardless of market fluctuations.

Choose tenures from a few months to several years, aligning with your financial goals.

Interest can be compounded monthly, quarterly, semi-annually, or annually, boosting returns over time.

FDs are insured up to ₹5 lakh per depositor by DICGC, making them a secure investment option.

Frequently Asked Questions

The FD calculator uses the compound or simple interest formula to estimate the maturity value based on the principal amount, tenure, interest rate, and compounding frequency. It adjusts for inflation if selected.

Compounding frequency determines how often interest is calculated and added to the principal. Options include monthly, quarterly, semi-annually, or annually. Simple interest means interest is calculated only on the initial principal.

Yes, FD returns are guaranteed as the interest rate is fixed at the time of investment. The calculator assumes a constant rate for projections.

Interest earned on FDs is taxable as per the investor’s income tax slab. However, senior citizens can claim deductions up to ₹50,000 under Section 80TTB.

Yes, premature withdrawal is allowed, but it may incur a penalty (e.g., 0.5–1% lower interest rate) and depends on the bank’s terms.