Estimate the maturity value of a bank fixed deposit with quarterly compounding (standard in India).
FD Calculator
The FD Calculator estimates the maturity amount and interest earned on a Fixed Deposit, letting you compare returns across different tenures and interest rates.
How FD returns are computed
Most bank fixed deposits compound interest quarterly. The calculator applies A = P(1 + r/4)4t to project the maturity value from your deposit amount, the annual rate, and the tenure, then separates the interest earned from your original principal so you see exactly what the deposit adds.
Choosing a tenure
Longer tenures usually offer higher rates and more compounding periods, boosting returns. Use the calculator to compare, say, a 1-year versus a 5-year deposit before locking your money in. Note that FD interest is taxable, and breaking a deposit early typically incurs a penalty and a lower rate.
Frequently Asked Questions
How often does FD interest compound?
Most banks compound fixed deposit interest quarterly, which the calculator uses by default to project the maturity amount.
Is FD interest taxable?
Yes, in most countries interest earned on fixed deposits is taxable as income. The calculator shows the gross return before tax.
What happens if I withdraw an FD early?
Early withdrawal usually incurs a penalty and a reduced interest rate, so the actual return would be lower than the projection.
Does a longer tenure earn more?
Generally yes, because longer deposits often carry higher rates and benefit from more compounding periods.
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