Find your fixed deposit maturity amount and interest — with the same compounding banks use.
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Compounding
How to use the FD calculator
1Type the depositThe amount you will keep in the FD.
2Type rate and timeUse the rate from your bank for that period.
3See maturityMaturity amount and total interest update instantly.
Questions people ask
How do banks calculate FD interest?
Most Indian banks compound FD interest every quarter. Maturity = P × (1 + r/400)^(4 × years). Choose “Quarterly” for bank FDs.
Is FD interest taxable?
Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct TDS if interest crosses the yearly limit; submit Form 15G/15H if eligible.
Do senior citizens get more?
Usually 0.25%–0.50% extra. Type your bank’s senior citizen rate in the rate box.