FD calculator
See what your fixed deposit pays at maturity. Most Indian banks add interest every quarter, which is the default here.
Before tax. FD interest is added to your income and taxed at your slab rate.
Year by year
How FD maturity is worked out
P is the deposit, r is the yearly rate as a decimal, k is how many times a year interest is added (4 for quarterly) and t is the time in years. The effective yield is what the rate works out to over one full year once compounding is included. A 7% FD compounded quarterly yields about 7.19%.
Why does my bank show a slightly different figure?
Banks count the exact days in your deposit and may round at each quarter. For FDs shorter than 6 months, many banks pay simple interest, so pick that option.
What about monthly or quarterly payout FDs?
If interest is paid out to your account instead of added to the deposit, there is no compounding. Choose "Simple interest" to see the total you would receive.
Is TDS cut from FD interest?
Banks deduct TDS when your yearly FD interest at that bank crosses a set limit. You can submit Form 15G or 15H if your total income is below the taxable limit.