FD Calculator
Maturity value, interest and effective yield on a fixed deposit at any compounding frequency.
Result
- Amount deposited
- ₹1,00,000
- Compounding
- Quarterly
- 4 times a year
- Effective annual yield
- 7.19%
- Headline rate 7.00%
- Tenure
- 5 years
| After | Balance | Interest earned |
|---|---|---|
| 1 year | ₹1,07,186 | ₹7,186 |
| 2 years | ₹1,14,888 | ₹14,888 |
| 3 years | ₹1,23,144 | ₹23,144 |
| 4 years | ₹1,31,993 | ₹31,993 |
| 5 years | ₹1,41,478 | ₹41,478 |
All figures are estimates from the inputs above, not a guarantee of returns and not advice. Banks round using their own conventions, and FD interest is taxable at your slab with TDS deducted above the annual threshold, so the credited amount can differ.
Estimated from the numbers you entered — not a projection of guaranteed returns.
About this calculator
A fixed deposit pays a contracted rate for a fixed term, and the compounding frequency quietly decides how much you actually receive. Most Indian banks compound quarterly, so the effective yield sits a little above the headline rate. Enter your own bank’s rate and convention to see the maturity value and the interest that builds it.
Formula
- Maturity = P × (1 + r / n) ^ (n × t)
- P = principal, r = annual rate as a decimal, n = compounding periods a year, t = tenure in years
- Interest = Maturity − P
- Effective annual yield = ((1 + r / n) ^ n − 1) × 100
Frequently asked questions
Why is the effective yield higher than the rate my bank quotes?
Because interest is added back several times a year and then earns interest itself. At 7% compounded quarterly the effective annual yield works out to about 7.19%.
Does this account for TDS?
No. The maturity value shown is before tax. Interest is added to your income and taxed at your slab, and the bank deducts TDS once the interest crosses the annual threshold.
What about a non-cumulative FD?
This assumes a cumulative FD, where interest stays in the deposit. If your bank pays interest out monthly or quarterly, the payouts do not compound and the total is lower.