FD Calculator
Fixed deposit maturity amount and interest, for any tenure and compounding frequency.
₹1,000₹5,00,000₹1,00,00,000
%
1712
mo
35 yr120
Maturity Amount
₹7,07,389
Total Interest
₹2,07,389
Deposit
₹5,00,000
Effective Annual Yield
7.19%
Interest in the first year is about ₹35,930. That is below the ₹50,000 yearly TDS threshold, so no TDS should be deducted. FD interest is fully taxable at your slab rate.
How your deposit grows
| Year | Deposit | Total invested | Interest earned | Balance |
|---|---|---|---|---|
| Year 1 | ₹5,00,000 | ₹5,00,000 | ₹35,930 | ₹5,35,930 |
| Year 2 | - | ₹5,00,000 | ₹74,441 | ₹5,74,441 |
| Year 3 | - | ₹5,00,000 | ₹1,15,720 | ₹6,15,720 |
| Year 4 | - | ₹5,00,000 | ₹1,59,965 | ₹6,59,965 |
| Year 5 | - | ₹5,00,000 | ₹2,07,389 | ₹7,07,389 |
How FD maturity is calculated
Most Indian banks compound fixed deposit interest quarterly: A = P × (1 + r/4)4t, where r is the annual rate and t the tenure in years. Quarterly compounding is why a 7% FD actually yields about 7.19% a year. Choose Payout if you take the interest out every month or quarter. Nothing is reinvested then, so you earn simple interest.
Senior citizen rates and TDS
Banks usually pay senior citizens 0.25%–0.50% more, so enter the senior rate your bank quotes. TDS of 10% applies once FD interest from one bank crosses ₹50,000 in a financial year (₹1,00,000 for senior citizens). TDS is not an extra tax. You claim it back or adjust it when you file your return.