Finance Calculators
FD Interest Calculator
Estimate the maturity amount and interest on a fixed deposit.
- Free
- No sign-up
- Runs in your browser
- Maturity amount
- ₹1,23,143.93
- Amount invested
- ₹1,00,000.00
- Interest earned
- ₹23,143.93
How to use FD Interest Calculator
Follow these steps:
- Enter the deposit amount, the yearly interest rate and the tenure.
- Choose how often the interest is compounded. Most banks compound fixed deposits quarterly.
- See the maturity amount and the interest earned.
How it is calculated
Maturity = P × (1 + r ÷ n)^(n × t), where P is the deposit, r the yearly rate, n the compounding periods per year and t the years. With simple interest, maturity = P × (1 + r × t).
Examples
Three-year deposit
₹1,00,000 at 7% compounded quarterly for 3 years matures to about ₹1,23,144.
Simple interest
₹1,00,000 at 7% simple interest for 2 years earns ₹14,000.
Frequently asked questions
Is the interest taxable?
Interest on fixed deposits is usually taxable. This calculator does not include tax or TDS.
Why is my bank's maturity amount a little different?
Banks round each period and may count days exactly. Use this as a close estimate.
Is the information I type saved?
No. The calculation runs in your browser and nothing is sent or stored.