FD (Fixed Deposit) Calculator
Calculate the maturity amount and total interest earned on your Fixed Deposit using annual or quarterly compounding. Works for bank FDs, corporate deposits, NRE/NRO FDs, and long-term savings.
How This FD Calculator Helps You
A Fixed Deposit (FD) is one of the most popular and secure investment options in India. Banks, NBFCs, and Post Office schemes offer fixed returns based on tenure and interest rates. But the maturity amount depends on the compounding frequency — annual or quarterly.
This FD Calculator uses the compound interest formula recommended by most banks including SBI, HDFC, ICICI, and Kotak. It helps you estimate how much your deposit will be worth after the selected tenure. You can quickly compare interest for 1-year, 3-year, 5-year, and long-term FDs without manually applying complex formulas.
Quarterly compounding generally gives a slightly higher return compared to annual compounding. This calculator helps you instantly see the difference so you can choose the best option depending on your bank or investment type.
- Plan deposits for children's education.
- Compare bank FD plans and interest rates easily.
- Calculate maturity for tax-saving 5-year FDs.
- Check long-term growth for senior citizen FDs.
- Useful for NRE/NRO deposits and corporate FDs.
Frequently Asked Questions
1. How is FD interest calculated?
FD interest is calculated using compound interest with annual or quarterly compounding depending on the bank.
2. Which compounding is better?
Quarterly compounding gives slightly higher maturity than annual compounding.
3. What is the best FD tenure?
Many banks offer the highest FD rate for 2–5 year tenures, but it depends on the bank's rate cycle.