PaisaCalc PaisaCalc

FD Calculator — fixed (term) deposit maturity and interest

Find the maturity amount of a fixed deposit (also called a term deposit or certificate of deposit), and the interest it earns, for the rate, tenure and compounding frequency you choose.

How to use PaisaCalc
How PaisaCalc works
  1. Pick a calculatorTap a tab in the strip below (Loan EMI, SIP, FD and more). Tabs after the "India" label follow Indian rules, such as GST, PPF and Income Tax.
  2. Enter your numbersType in a box or drag a slider. The result updates as you go.
  3. Choose your currencyUse the Currency menu above. It changes the symbol and number format only; it does not convert amounts.
  4. Share a resultTap Share this result, WhatsApp or Copy link. The link opens the same calculator with your numbers filled in.

Everything is worked out in your browser; the numbers you type are not sent to us. Results are estimates, not financial advice.

Monthly EMI
—
PrincipalInterest
Principal
Total interest
Total payable
Amortization schedule (year-wise)
YearPrincipalInterestBalance
Projected value
—
InvestedReturns
Invested amount
Est. returns
Step-up raises your monthly amount each year — a powerful way to grow wealth as income rises.
Future value
—
Invested
Est. returns

How much to invest monthly to reach a target corpus.

Monthly SIP needed
—
One-time lumpsum alternative
Total you'll invest (SIP)
Maturity value
—
Principal
Interest earned

Recurring deposit — a fixed amount every month, compounded quarterly.

Maturity value
—
Total deposited
Interest earned

India tax & savings tool · always in ₹ (INR), whatever currency you pick above.

Public Provident Fund — current rate 7.1% (Oct–Dec 2026), compounded yearly, tax-free; matures after 15 years, extendable in 5-year blocks.

Maturity value
—
Total deposited
Interest earned (tax-free)

India tax & savings tool · always in ₹ (INR), whatever currency you pick above.

Since 22 Sep 2025 the main GST rates are 5% and 18%, and 40% for luxury and sin goods. 12% and 28% are the earlier slabs, kept for older bills.
Total amount
—
Base amount
GST (18%)
CGST + SGST

India tax & savings tool · always in ₹ (INR), whatever currency you pick above.

Compare the New and Old regimes side by side for FY 2026-27 (tax year 2026-27). Enter deductions for the Old regime.

New regime
—
Old regime
—
You save by choosing the better one
New regime: ₹75,000 standard deduction; no tax up to ₹12,00,000 taxable (rebate, with marginal relief just above). Old regime: ₹50,000 standard deduction + your deductions; 5/20/30% slabs, rebate up to ₹5,00,000. Surcharge above ₹50 lakh and 4% cess included. Resident below 60; indicative, not tax advice.
You pay
—
Discount

Systematic Withdrawal Plan — how long your corpus lasts while you draw a fixed amount each month.

Balance after period
—
Total withdrawn
Corpus status

India tax & savings tool · always in ₹ (INR), whatever currency you pick above.

Sukanya Samriddhi Yojana — deposit yearly for 15 years; matures in 21 years. Current rate 8.2% (Oct–Dec 2026), compounded annually, tax-free.

Maturity value (21 years)
—
Total deposited (15 yrs)
Interest earned (tax-free)

India tax & savings tool · always in ₹ (INR), whatever currency you pick above.

National Pension System — corpus at 60; at least 20% (government staff: 40%) must buy an annuity that pays the pension.

Corpus at 60
—
Lumpsum at 60 (up to 80%)
 of which tax-free (60% of corpus)
Annuity corpus (20%)
Est. monthly pension

India tax & savings tool · always in ₹ (INR), whatever currency you pick above.

Gratuity = last wages (Basic + DA) × 15 ÷ 26 × years of service (Code on Social Security, 2020).

Gratuity payable
—
Tax-free (limit ₹20 lakh)
Taxable above ₹20 lakh
Payable after 5 years of continuous service (1 year on a fixed-term contract). Count a final part-year of more than 6 months as a full year.

India tax & savings tool · always in ₹ (INR), whatever currency you pick above.

Estimate your monthly in-hand from annual CTC (New tax regime, standard assumptions).

Estimated monthly in-hand
—
Annual in-hand
Employee PF
Income tax (New regime)
Professional tax
Indicative only, FY 2026-27 New regime. Assumes Basic = 50% of CTC, employer + employee PF at 12% of Basic up to the ₹15,000 wage ceiling (₹1,800/month each), gratuity provision 4.81% of Basic, ₹75,000 standard deduction, ₹2,500/yr professional tax. Your actual structure varies.

How big a loan you may qualify for, from your income and existing EMIs (FOIR method).

Eligible loan amount
—
Max affordable EMI
Total amount
—
Interest
Absolute return

What today's money will cost — and be worth — in the future.

Future cost of the same basket
—
Today's amount will then be worth

How the FD Calculator works

A = P × (1 + r ÷ k)k × t

  • P — deposit amount
  • r — annual interest rate ÷ 100
  • k — compounding periods a year (4 = quarterly, the usual bank default)
  • t — tenure in years

Interest earned = A − P. This is the cumulative (reinvestment) option, where interest is added to the deposit and paid at maturity. Indian banks compound quarterly by default; for very short deposits (typically under six months) many pay simple interest instead, so use the yearly setting with a short tenure only as an approximation. Deposit interest is usually taxable; the calculator shows the pre-tax figure.

Sources

Rules and rates checked . Also in the PaisaCalc app, with the other money calculators.

Worked example

500,000 for 5 years at 7% a year, compounded quarterly:

Quarterly rate0.07 ÷ 4 = 0.0175
Quarters4 × 5 = 20
Maturity value707,389
Interest earned207,389

The deposit matures at 707,389 before tax.

The arithmetic is the same in any currency; the calculator shows results in the currency you pick.

Load these numbers into the calculator →

Frequently asked questions

Why does compounding frequency matter?

The more often interest is added to the balance, the sooner it starts earning interest itself, so monthly compounding gives slightly more than quarterly at the same rate.

Is FD interest taxable?

In most countries, yes: deposit interest is usually taxed as income. In India it is added to your income and taxed at your slab rate, and the bank deducts TDS once the interest it pays you in a financial year exceeds ₹50,000 (₹1,00,000 for senior citizens; thresholds since 1 April 2025). The calculator shows the amount before tax.

Is the maturity value the same as the interest shown in the bank receipt?

For a cumulative FD with quarterly compounding it should match to within a rupee or two (banks round each quarter). A monthly or quarterly payout FD pays the interest out instead of compounding it, so its total interest is lower: about P × r × t for the full term.

Is my fixed deposit insured in India?

Deposits in a bank are insured by DICGC up to ₹5,00,000 per depositor per bank, principal and interest together, if the bank fails.

Related calculators

More money calculators

India tax & savings tools (in ₹)

All PaisaCalc calculators in one app

Also from CryoSim

StoxIndian (NSE) stock research toolsHinglish: English TrainingEveryday spoken English, explained

PaisaCalc results are arithmetic estimates from the inputs you enter and the formulas shown. They are not financial, investment or tax advice; rates, rules and your own situation vary, so check with your bank, fund house or a qualified adviser before deciding.