FD Maturity Calculator
Calculate your fixed deposit maturity amount with compound interest and compare returns across different tenures and compounding frequencies.
Calculate FD Maturity Amount
Calculate FD Maturity Amount
Key Features
- Calculate maturity amount with compound interest
- Support for different compounding frequencies
- Visualize principal vs interest breakdown
- Print or download calculation results
- Accurate calculations using bank-standard formulas
Current Top FD Rates
| Bank | 1 Year Rate |
|---|---|
| IDFC First Bank | 7.75% |
| ICICI Bank | 7.30% |
| HDFC Bank | 7.25% |
| SBI | 6.80% |
Last updated: April 30, 2025
How Our FD Maturity Calculator Works
Enter Investment Details
Input your principal amount, interest rate, and investment tenure in years, months, and days.
Select Compounding Option
Choose how often interest is compounded: monthly, quarterly, half-yearly, or annually.
Get Results Instantly
View your maturity amount, interest earned, and a visual breakdown of your investment growth.
Understanding the FD Maturity Formula
Compound Interest Formula for FD
A = P × (1 + r/n)n×t
Where:
- A = Maturity amount (Final value)
- P = Principal amount (Initial investment)
- r = Rate of interest per annum (in decimal)
- n = Number of times interest is compounded per year
- t = Time period in years
Example Calculation
Let’s say you invest ₹1,00,000 for 1 year at 7.5% interest rate with quarterly compounding:
- P = ₹1,00,000
- r = 7.5% = 0.075
- n = 4 (quarterly compounding)
- t = 1 year
Applying the formula:
A = 100000 × (1 + 0.075/4)4×1
A = 100000 × (1 + 0.01875)4
A = 100000 × (1.01875)4
A = 100000 × 1.07711
A = ₹107,711
Thus, the maturity amount after 1 year would be ₹1,07,711, which includes interest earned of ₹7,711.
Factors Affecting Your FD Returns
Interest Rate
Higher interest rates significantly increase your returns over time. Banks offer different rates based on economic conditions, tenure, and deposit amount. Consider comparing rates across banks before investing.
Compounding Frequency
More frequent compounding (daily, monthly, quarterly) results in higher returns compared to less frequent compounding (annually), as interest earns interest more often.
Tenure Period
Longer tenure periods typically offer higher interest rates and allow more time for compound interest to work its magic. However, they also lock in your money for extended periods.
Tax Implications
Interest earned on FDs is taxable according to your income tax slab. TDS is applicable if interest exceeds ₹40,000 per year (₹50,000 for senior citizens). Use our FD Tax Calculator for accurate after-tax returns.
Frequently Asked Questions
How is FD interest calculated?
FD interest is calculated using the compound interest formula: A = P × (1 + r/n)n×t, where P is the principal amount, r is the annual interest rate, n is the compounding frequency per year, and t is the time period in years. Banks typically compound interest quarterly, but this can vary depending on the institution and specific FD scheme.
What is compounding frequency in fixed deposits?
Compounding frequency refers to how often the interest is calculated and added to the principal amount. Common frequencies are monthly, quarterly, half-yearly, and annually. Higher frequency (e.g., monthly) results in slightly higher returns compared to lower frequency (e.g., annually) as the interest starts earning interest sooner.
Which banks offer the highest FD rates in India?
As of April 2025, the banks offering the highest FD rates in India include:
- IDFC First Bank: up to 7.75% p.a.
- ICICI Bank: up to 7.30% p.a.
- HDFC Bank: up to 7.25% p.a.
- Kotak Mahindra Bank: up to 7.20% p.a.
- State Bank of India (SBI): up to 6.80% p.a.
Rates vary based on tenure and deposit amount. Use our Bank FD Rate Comparison Tool to find current best rates.
How do FD returns compare to inflation?
FD returns need to be evaluated against inflation to understand their real value. If the FD interest rate is lower than the inflation rate, your money loses purchasing power over time despite earning interest. For example, if your FD gives 7% returns but inflation is at 5%, your real return is only about 2%. Use our FD vs Inflation Calculator to calculate your real returns.
Are FD interest earnings taxable?
Yes, interest earned on fixed deposits is taxable in India as per your income tax slab rate. Banks deduct TDS (Tax Deducted at Source) at the rate of 10% if the interest earned in a financial year exceeds ₹40,000 (₹50,000 for senior citizens). If your total income is below the taxable limit, you can submit Form 15G/15H to avoid TDS deduction.