Free Online FD Calculator

1. Enter the principal you want to deposit.
2. Enter the annual interest rate the bank has quoted.
3. Set the term in years (fractional years work for short FDs).
4. Pick the compounding frequency — quarterly is the Indian default.
5. Read the maturity amount and total interest earned.

A fixed deposit locks a lump sum with a bank for a fixed term in exchange for a guaranteed interest rate. The maturity value uses the standard compound-interest formula A = P · (1 + r/n)^(n·t). Indian banks compound quarterly by default; many global banks compound monthly, which produces a slightly higher maturity at the same headline rate.

Retirees comparing senior-citizen rates across banks use the tool to see whether a 0.25% higher rate offsets the inconvenience of switching. Salaried savers planning short-term goals (emergency fund, tax-saving FD) use it to confirm the maturity figure before locking funds. Inputs are deposit amount, annual rate, term and compounding frequency; outputs are maturity amount, total interest and the effect of switching compounding on the same rate.

FD interest is fully taxable as ordinary income in India and TDS kicks in past ₹40,000 per year (₹50,000 for seniors). Figures shown are pre-tax — subtract your slab rate for take-home. General information only; confirm specifics with the bank.