Fixed deposit calculator
See what a fixed deposit could be worth at maturity. Move the sliders or type your own numbers.
₹7,07,389
- Deposit
- ₹5,00,000
- Interest earned
- ₹2,07,389
- Maturity amount
- ₹7,07,389
Year-by-year growth
| Year | Deposit | Interest so far | 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 |
This calculator gives estimates for learning. Real rates, charges and returns vary, and nothing here is advice or a recommendation. Read the disclaimer.
How the maturity amount is worked out
With quarterly compounding the maturity amount is P × (1 + r ÷ 4)4t, where P is the deposit, r is the yearly rate divided by 100 and t is the number of years. Interest is added four times a year, so each quarter's interest is earned on the amount including earlier interest.
The result is before tax and assumes the rate stays the same and you do not withdraw early. Early withdrawal usually carries a penalty at the bank.
Common questions
How is fixed deposit interest calculated?
Most banks add interest to the deposit every quarter, and the next quarter's interest is earned on the larger amount. This calculator uses quarterly compounding. Your bank may compound differently, so check its terms.
Is the maturity amount before or after tax?
It is before tax. Interest on a fixed deposit is generally added to your income and taxed at your slab rate, so what you keep depends on your own tax position.
Does the bank's rate stay the same for the whole term?
For a standard fixed deposit the rate is fixed when you open it. Rates differ between banks and terms, so use the rate your bank quotes for the term you want.