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FD calculator
Maturity value of a fixed deposit with quarterly or monthly compounding.
Quick answer
A fixed deposit pays interest that is added to the deposit at set intervals, so its value grows by compounding. Formula: Maturity = P × (1 + r ÷ m)^(m × t). ₹1,00,000 at 7% for 5 years with quarterly compounding matures at about ₹1,41,478.
Read the guide: How to calculate fixed deposit maturity amount
Maturity value
₹1,41,478
- Amount invested
- ₹1,00,000
- Gain
- ₹41,478
Interest on an FD is taxable. Banks may deduct TDS above a limit.
- Invested
- Gain
Year-by-year table
| Year | Invested so far | Gain so far | Balance |
|---|---|---|---|
| 1 | ₹1,00,000 | ₹7,186 | ₹1,07,186 |
| 2 | ₹1,00,000 | ₹14,888 | ₹1,14,888 |
| 3 | ₹1,00,000 | ₹23,144 | ₹1,23,144 |
| 4 | ₹1,00,000 | ₹31,993 | ₹1,31,993 |
| 5 | ₹1,00,000 | ₹41,478 | ₹1,41,478 |
How is FD maturity calculated?
A fixed deposit locks your money for a set time at a fixed rate. In a cumulative FD the interest is added back to the deposit and earns interest too.
Banks usually compound quarterly. More frequent compounding gives a slightly higher maturity value for the same rate.
Senior citizens often get a higher rate; enter the rate your bank quotes for you.
What is the formula for FD maturity?
- Maturity = P × (1 + r ÷ m)^(m × t)
- P = deposit, r = yearly rate ÷ 100, m = compounding periods per year, t = years
Can you show a worked example of FD maturity?
₹1,00,000 at 7% for 5 years compounded quarterly: m = 4, so 1,00,000 × (1.0175)^20 = ₹1,41,478. Monthly compounding gives ₹1,41,763.
What does ₹1 lakh become in a fixed deposit?
Maturity value of ₹1,00,000 with interest compounded quarterly.
| Tenure | 6% | 6.5% | 7% | 7.5% | 8% |
|---|---|---|---|---|---|
| 1 year | ₹1,06,136 | ₹1,06,660 | ₹1,07,186 | ₹1,07,714 | ₹1,08,243 |
| 2 years | ₹1,12,649 | ₹1,13,764 | ₹1,14,888 | ₹1,16,022 | ₹1,17,166 |
| 3 years | ₹1,19,562 | ₹1,21,341 | ₹1,23,144 | ₹1,24,972 | ₹1,26,824 |
| 5 years | ₹1,34,686 | ₹1,38,042 | ₹1,41,478 | ₹1,44,995 | ₹1,48,595 |
| 10 years | ₹1,81,402 | ₹1,90,556 | ₹2,00,160 | ₹2,10,235 | ₹2,20,804 |
Common questions
How often do banks compound FD interest?
Most compound quarterly. Your FD certificate or the bank’s page states it.
Is FD interest taxable?
Yes, it is added to your income and taxed at your slab rate. Banks may deduct TDS when interest crosses a yearly limit.
What about premature withdrawal?
Banks usually pay a lower rate and may charge a penalty if you break an FD early.
Is an FD safe?
Bank deposits are insured up to a limit per depositor per bank. Check the current limit with the deposit insurer.