India-style fixed deposit maturity: principal, interest rate, tenure and compounding frequency — quarterly by default — with interest earned.
Indian bank FDs commonly compound quarterly; the frequency changes the maturity, so match your bank's terms.
Maturity value
How to use this tool
The principal you place in the FD.
Your bank's annual rate and the deposit term in years.
Quarterly is standard for Indian FDs; match your bank's terms.
The total you receive at maturity and how much of it is interest, before tax.
Formula & worked example
₹100,000 at 7% a year for 5 years, compounded quarterly, matures to ₹141,477.82 — interest of ₹41,477.82. Compounded annually the same deposit matures to ₹140,255.17, showing why frequency matters.
Limitations — read this before you rely on it
India-style FD illustration. It ignores tax on interest (taxed as income in India, with TDS above thresholds), premature-withdrawal penalties, and rate changes for floating deposits. Senior-citizen and special-tenure rates differ by bank — use your bank's actual rate.
Frequently asked questions
Interest is added to the balance at each compounding date and then itself earns interest. Quarterly compounding (4 times a year) is standard for Indian bank FDs; monthly compounding gives slightly more.
In India, FD interest is taxed as income at your slab rate, and banks deduct TDS when interest exceeds the threshold in a year. The maturity shown here is before tax.
Banks usually pay a lower rate (often 0.5–1% below the contracted rate) and may charge a penalty. Check the penalty before breaking an FD early.
Bank deposits in India are insured by DICGC up to ₹5 lakh per depositor per bank (principal plus interest). Amounts above that rely on the bank's strength.
FDs typically pay more than savings accounts but lock the money for the tenure. Keep emergency money in savings and invest only surplus cash in FDs.