What is an FD calculator?
An FD calculator shows how much your fixed deposit will pay at maturity. Enter the deposit amount, the FD interest rate and the tenure – in years and months, or in days for special tenures such as 444 days – and this online FD calculator instantly shows the maturity amount, total interest and the effective annual yield. Choose a non-cumulative option to see the FD monthly payout or quarterly interest instead. There is also a senior citizen option that adds the extra rate banks offer to depositors aged 60 and above.
What is FD in bank?
What is FD? A fixed deposit (FD, also called term deposit; the receipt is called an FDR) is a deposit you place with a bank, small finance bank, post office or NBFC for a fixed period at a fixed interest rate. The rate is locked on the day you open it, so market changes do not affect your returns. Bank FDs in India are insured by DICGC up to ₹5 lakh per depositor per bank, including interest.
There are two kinds of FD:
- Cumulative FD – interest is compounded (usually quarterly) and paid with the principal at maturity. Best for growing money.
- Non-cumulative FD – interest is paid out monthly, quarterly, half-yearly or yearly. Best for a regular income, such as for retirees.
How to use the FD calculator
- Enter the deposit amount (a lumpsum).
- Enter the bank's rate of interest for your tenure.
- Pick the tenure in years and months, or in days for day-wise schemes.
- Select senior citizen if applicable – most banks add 0.50%, some 0.75%, and a few give super seniors (80+) extra.
- Choose the interest type: quarterly compounding (the Indian bank standard), or a monthly or quarterly payout.
FD calculator formula
How to calculate FD interest? Indian banks compound cumulative FDs every quarter, using the compound interest formula:
A = P × (1 + r ÷ n)n × t
- A = maturity amount
- P = principal (deposit)
- r = annual interest rate ÷ 100
- n = compounding periods per year (4 for quarterly)
- t = tenure in years (days ÷ 365)
For a non-cumulative FD, the interest per period = P × r ÷ periods per year. For deposits under 6 months, most banks pay simple interest, P × r × t, and the calculator does the same.
FD calculator formula with example
₹1,00,000 in a 5-year FD at 7% with quarterly compounding: A = 1,00,000 × (1 + 0.07 ÷ 4)20 = ₹1,41,478. Interest earned = ₹41,478, and the effective annual yield is 7.19%. A senior citizen at 7.5% gets ₹1,44,995 – about ₹3,500 more on the same deposit.
How to calculate FD interest for 1 year
₹1,00,000 for 1 year at 7% compounded quarterly: 1,00,000 × (1.0175)4 = ₹1,07,186, so the interest is ₹7,186.
How to calculate FD interest for 444 days
Choose "Days", enter 444 and the bank's rate. t = 444 ÷ 365 = 1.216 years. At 7.25% on ₹1 lakh with quarterly compounding, the maturity amount is about ₹1,09,134. Day-wise tenures like 400, 444 or 555 days are popular because banks often pay their best rates on them.
FD monthly interest payout
For a non-cumulative FD with monthly interest payout, ₹10 lakh at 7% pays about ₹5,833 a month (10,00,000 × 7% ÷ 12). Some banks calculate it at a discounted rate, so the actual credit may be slightly lower, e.g. about ₹5,800. A quarterly payout would be ₹17,500 every three months. Retirees can compare this with an SWP from a mutual fund.
FD interest rates in India (2026)
As of 2026, large banks pay roughly 6.25–7.25% for 1–5 year FDs, while small finance banks offer 7.5–8.5%. Senior citizens usually get 0.25–0.75% more. Rates change often, so always check the bank's current rate card and enter it here for an exact FD calculator comparison across banks. Post office time deposits (1–5 years) are set quarterly by the Government.
Tax on FD interest
- FD interest is added to your income and taxed at your slab rate.
- Banks deduct TDS at 10% when interest from one bank crosses ₹50,000 a year (₹1 lakh for senior citizens) under the thresholds applicable from April 2025. Submit Form 15G/15H if your total income is below the taxable limit.
- A 5-year tax saver FD gives a deduction of up to ₹1.5 lakh under Section 80C (old regime only) but cannot be broken early.
After tax and inflation, the real return on an FD can be small. If your slab is 30%, a 7% FD gives 4.9% after tax.
FD vs SIP and RD
An FD suits money you need safe and on a fixed date. For saving a fixed sum every month at FD-like rates, use the RD calculator. For long-term wealth where you can accept market ups and downs, compare with the SIP calculator. For the general maths behind this tool, see the compound interest calculator.
FD calculation in Excel (xls)
Use =P*(1+r/4)^(4*t), for example =100000*(1+7%/4)^(4*5) returns 141,478. Or use =FV(7%/4, 20, 0, -100000).
Payouts, compounding and odd tenures: what to enter
FD calculator monthly payout and monthly interest
Choose "Non-cumulative – monthly payout" and the FD calculator shows the monthly interest payout that banks credit to your savings account each month.
FD calculator quarterly payout and quarterly compounding
The FD calculator quarterly payout option shows the interest paid every three months. The default cumulative option is a FD calculator quarterly compounding calculation, the standard at Indian banks.
FD calculator yearly compounding and yearly interest
Select yearly compounding for a FD calculator yearly compounding check – some NBFC and corporate FDs compound annually. The year-wise table gives FD calculator yearly interest for each year.
FD calculator days and date wise
Choose "Days" to enter the tenure in days. Special bank schemes often run for 444 days or 400 days, and the FD calculator for 444 days case is worked out above. For a date wise check, count the days between the two dates and enter the number.
FD calculator for senior citizens
Use the depositor option for a FD calculator for senior citizens result. Most banks add 0.50%; some add more for super seniors.
FD calculator for 20 years and 30 years
Banks rarely offer FDs beyond 10 years. A FD calculator for 20 years or 30 years is a FD calculator long term illustration that assumes you renew at the same rate.
FD calculator with tax deduction and inflation
For a FD calculator with tax deduction estimate, reduce the rate by your tax slab: 7% × (1 − 0.30) = 4.9% after tax at the 30% slab. For a FD calculator with inflation view, subtract inflation from the after-tax rate to see the real return.
FD calculator vs SIP calculator
A FD calculator vs SIP calculator comparison should consider risk: FD returns are guaranteed, SIP returns are not.
FD calculator general and normal rates
The "General" option is the FD calculator normal rate for depositors below 60. Enter the rate from your bank's current card.
Is this FD calculator free?
Yes. It is a FD calculator online free to use for any bank in India, with no login. The formula and example above show how FD calculator works step by step.
FD calculator for monthly return and yearly payout
With a non-cumulative FD, the bank pays interest out instead of adding it to the deposit. On ₹1 lakh at 7%, the FD calculator's monthly return is about ₹578 a month (banks discount the monthly payout slightly below ₹583, because you receive it earlier than quarterly interest). A yearly payout, where offered, pays about ₹7,000 once a year, and the principal comes back unchanged at maturity.
FD calculator for yearly investment
If you open a new FD every year, treat each one separately. ₹1 lakh placed each year for 5 years at 7%, compounded quarterly, with all deposits held to the end of year 5, grows to about ₹6.19 lakh on ₹5 lakh invested. For regular monthly saving, a recurring deposit is simpler.
FD calculator for tax saver FD
A tax saver FD has a 5-year lock-in and lets you claim up to ₹1.5 lakh under Section 80C in the old tax regime. Use the FD calculator with a 5-year tenure: ₹1.5 lakh at 7% quarterly grows to about ₹2.12 lakh. The interest itself is still taxable every year, and premature withdrawal is not allowed.
FD calculator in XLS
To build an FD calculator in XLS, use =P*(1+r/4)^(4*years) for quarterly compounding, e.g. =100000*(1+7%/4)^(4*5) returns ₹1,41,478. For a monthly payout use =100000*((1+7%/4)^(1/3)-1).
Online FD kaise kare?
Online FD kholne ke liye apne bank ke net banking ya mobile app mein login karein, "Fixed Deposit" ya "Open FD" chunein, rakam, avadhi aur interest payout (cumulative ya monthly) chunein, nominee jodein aur confirm karein. Paisa turant aapke savings account se FD mein chala jata hai; maturity rakam jaanne ke liye upar diye FD calculator ka use karein.
Frequently asked questions
How is FD interest calculated in India?
Banks compound cumulative FD interest every quarter: A = P × (1 + r/4)^(4t). For deposits under 6 months, most banks use simple interest. The FD calculator follows the same rules.
What is the maturity amount of ₹1 lakh FD for 5 years at 7%?
With quarterly compounding, ₹1,00,000 at 7% for 5 years grows to about ₹1,41,478, which is ₹41,478 of interest.
How much extra interest do senior citizens get on FD?
Most banks pay senior citizens (60+) 0.50% more than the general rate; some pay 0.75% or more to super seniors aged 80+. Pick the senior citizen option in the calculator to include it.
What is the monthly interest on a ₹10 lakh FD?
At 7%, a non-cumulative FD of ₹10 lakh pays about ₹5,833 a month. Some banks pay slightly less because they use a discounted monthly rate.
Is FD interest taxable?
Yes. FD interest is taxed at your income tax slab rate, and banks deduct TDS above the yearly threshold unless you submit Form 15G or 15H.
Is FD safe?
Bank FDs are among the safest investments. Deposits are insured by DICGC up to ₹5 lakh per depositor per bank, including interest.
How to calculate FD interest for days?
Choose tenure in days; the calculator converts days to years (days ÷ 365) and applies quarterly compounding, or simple interest if the period is under 6 months.
What is the monthly return on a ₹1 lakh FD?
At 7% a year, a monthly-payout FD of ₹1 lakh pays about ₹578 a month. Banks pay slightly less than ₹583 (7% ÷ 12) because monthly interest is discounted from the quarterly rate.
Last updated 2026-09-18