Fixed deposit calculator
Work out a fixed deposit’s maturity amount with quarterly compounding, the way Indian banks calculate it.
Maturity amount
₹7,07,389
Interest earned
₹2,07,389
Effective yearly yield
7.19%
Quarterly compounding lifts it slightly above the quoted rate
71%
29%
- What you put in₹5,00,000(71%)
- What it earned₹2,07,389(29%)
- Amount deposited
- Deposit value
See the numbers
| Year | Amount deposited | Deposit value | Interest |
|---|---|---|---|
| 0 | ₹5,00,000 | ₹5,00,000 | ₹0 |
| 1 | ₹5,00,000 | ₹5,35,930 | ₹35,930 |
| 2 | ₹5,00,000 | ₹5,74,441 | ₹74,441 |
| 3 | ₹5,00,000 | ₹6,15,720 | ₹1,15,720 |
| 4 | ₹5,00,000 | ₹6,59,965 | ₹1,59,965 |
| 5 | ₹5,00,000 | ₹7,07,389 | ₹2,07,389 |
- Interest is taxed at your slab rate, and the bank deducts TDS once it crosses the yearly threshold. This figure is before tax.
- Deposits are insured by the DICGC up to ₹5 lakh per depositor per bank, principal and interest together.
- Breaking a deposit early usually costs a penalty of about 0.5-1% on the rate.
Common questions
Is FD interest taxed?
Yes, at your income tax slab, and the bank deducts TDS once interest crosses the threshold for the year. The figure here is before tax.
How much of my FD is protected?
Deposits with a bank licensed in India are insured by the DICGC up to ₹5 lakh per depositor per bank, covering principal and interest together.
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This is general information for education, not investment, tax or legal advice. Rules and rates change; check the official source before acting. Read the full disclaimer.