FD calculator
See what a fixed deposit pays at maturity, and the real yearly rate behind the one you are quoted.
Maturity value
₹7,07,389
- Interest earned
- ₹2,07,389
- Effective yearly rate
- 7.19%
- Interest a month on average
- ₹3,456
- Deposit₹5,00,00071%
- Interest₹2,07,38929%
Year by year
| Year | Deposit | Interest | Value |
|---|---|---|---|
| 1 | ₹5,00,000 | ₹35,930 | ₹5,35,930 |
| 2 | ₹5,00,000 | ₹74,441 | ₹5,74,441 |
| 3 | ₹5,00,000 | ₹1,15,720 | ₹6,15,720 |
| 4 | ₹5,00,000 | ₹1,59,965 | ₹6,59,965 |
| 5 | ₹5,00,000 | ₹2,07,389 | ₹7,07,389 |
How it's worked out
Most banks compound cumulative FDs quarterly, so a 7% deposit actually earns 7.19% a year. Choose another frequency if your bank's terms differ. Payout FDs, which pay interest out as it falls due, earn less because that interest doesn't compound.
The formulaMaturity = P × (1 + r ÷ m)^(m × t), where r is the yearly rate, m is the compounding periods a year and t is the tenure in years.
Common questions
Is FD interest taxed?
Yes, at your slab rate, and banks deduct TDS above a yearly limit. The maturity value here is before tax.
Do senior citizens get more?
Most banks pay them a little more. Enter the rate your bank quotes for you.
More savings & retirement calculators
All calculatorsIllustrative figures only, from the numbers you enter and the assumptions stated above. Rates and rules change, so check them with the provider or a qualified adviser before acting. Arthscan is not a SEBI-registered research analyst or investment adviser, and nothing here is investment advice.