FD Calculator
Compare FD interest rates across multiple banks side-by-side to find the best returns.
FD Parameters
Min: ₹1,000•Max: ₹1,00,00,000
Min: 3 M / 1 Y•Max: 120 M / 10 Y
Calculation frequency
Accumulate on maturity
About Fixed Deposit (FD) Calculator & Frequently Asked Questions
What is a Fixed Deposit (FD)?
The Fixed Deposit (FD) scheme is an investment option with a minimal risk profile available through scheduled banks and post offices. It involves depositing a lump sum amount for a fixed tenure (from 7 days up to 10 years) at a guaranteed rate of interest. If instead of a one-time deposit you prefer contributing small sums every month, use our RD Calculator.
Live 3-Bank Rate Comparison & Direct Portal Access
Unlike generic calculators that offer static math, our Fixed Deposit Calculator features an interactive side-by-side comparison across leading Indian scheduled banks (such as State Bank of India, HDFC Bank, ICICI Bank, and others). You can contrast active interest rates across 1-year, 3-year, and 5-year tenures, observe the tangible difference in cumulative maturity payouts, and navigate directly to official banking portals to book your fixed deposit online with confidence.
Where and Why is it Helping?
- Guaranteed Capital Protection: Once booked, your contracted interest rate is locked in regardless of RBI repo rate cuts or stock market swings.
- Safe Parking for Emergency Reserves: Bank deposits are DICGC-insured up to ₹5 Lakhs per bank, making them ideal for parking emergency funds.
- Flexible Payout Options: Choose cumulative FDs for quarterly compounding, or non-cumulative payouts to generate regular monthly cashflow. To model a complete ladder of fixed-income instruments, try our Fixed Income Planner.
- Tax-Free Alternatives: If you are looking for sovereign tax-free alternatives under Section 80C with zero tax on maturity, evaluate the PPF Calculator.
How to Use the Calculator
- Enter Principal: Input the lump sum amount you want to deposit.
- Set Tenure: Choose the duration in years, months, or days.
- Input Interest Rate: Enter the annual interest rate offered by the bank.
- Select Compounding: Choose how often interest is compounded (quarterly is standard in India, but half-yearly or monthly can be chosen).
- See Your Returns: The calculator instantly displays the maturity value and total interest earned.
The Formula & Example
- The compound interest formula is: A = P * (1 + r / n)^(n * t), where A is the maturity amount, P is the principal, r is the annual interest rate (in decimal format), n is the compounding frequency per year, and t is the tenure in years.
- For example, if you invest ₹1,00,000 in a fixed deposit for 5 years at an interest rate of 7.5% per annum compounded quarterly, the calculator uses n=4 to project a maturity value of approximately ₹1,44,995, representing ₹44,995 in interest earned.
About Fixed Deposit (FD) Calculator & Frequently Asked Questions
What is a Fixed Deposit (FD)?
The Fixed Deposit (FD) scheme is an investment option with a minimal risk profile available through scheduled banks and post offices. It involves depositing a lump sum amount for a fixed tenure (from 7 days up to 10 years) at a guaranteed rate of interest. If instead of a one-time deposit you prefer contributing small sums every month, use our RD Calculator.
Live 3-Bank Rate Comparison & Direct Portal Access
Unlike generic calculators that offer static math, our Fixed Deposit Calculator features an interactive side-by-side comparison across leading Indian scheduled banks (such as State Bank of India, HDFC Bank, ICICI Bank, and others). You can contrast active interest rates across 1-year, 3-year, and 5-year tenures, observe the tangible difference in cumulative maturity payouts, and navigate directly to official banking portals to book your fixed deposit online with confidence.
Where and Why is it Helping?
- Guaranteed Capital Protection: Once booked, your contracted interest rate is locked in regardless of RBI repo rate cuts or stock market swings.
- Safe Parking for Emergency Reserves: Bank deposits are DICGC-insured up to ₹5 Lakhs per bank, making them ideal for parking emergency funds.
- Flexible Payout Options: Choose cumulative FDs for quarterly compounding, or non-cumulative payouts to generate regular monthly cashflow. To model a complete ladder of fixed-income instruments, try our Fixed Income Planner.
- Tax-Free Alternatives: If you are looking for sovereign tax-free alternatives under Section 80C with zero tax on maturity, evaluate the PPF Calculator.
How to Use the Calculator
- Enter Principal: Input the lump sum amount you want to deposit.
- Set Tenure: Choose the duration in years, months, or days.
- Input Interest Rate: Enter the annual interest rate offered by the bank.
- Select Compounding: Choose how often interest is compounded (quarterly is standard in India, but half-yearly or monthly can be chosen).
- See Your Returns: The calculator instantly displays the maturity value and total interest earned.
The Formula & Example
- The compound interest formula is: A = P * (1 + r / n)^(n * t), where A is the maturity amount, P is the principal, r is the annual interest rate (in decimal format), n is the compounding frequency per year, and t is the tenure in years.
- For example, if you invest ₹1,00,000 in a fixed deposit for 5 years at an interest rate of 7.5% per annum compounded quarterly, the calculator uses n=4 to project a maturity value of approximately ₹1,44,995, representing ₹44,995 in interest earned.