FD Calculator
Estimate fixed-deposit maturity and interest.
About this tool
This fixed-deposit calculator estimates maturity value and interest on a lump-sum deposit using an annual rate and term. The page uses a simplified annual-compounding model, so the output is an illustration rather than an exact bank maturity quote.
How to use this calculator
- Enter the deposit principal.
- Enter the annual rate and tenure in years.
- Calculate the estimated maturity amount and interest. Compare the result with the bank’s terms.
Formula
Worked example
For a ₹1,00,000 principal at 7% annually for 5 years, the simplified annual-compounding estimate is ₹1,00,000 × 1.07^5.
Frequently asked questions
Is FD interest compounded annually at every bank?
No. Compounding and payout frequency depend on the deposit option and bank terms. This calculator assumes annual compounding.
Is the maturity value guaranteed?
The actual maturity value follows the deposit contract, rate and payout option. Use the bank’s quote for the definitive figure.
Is tax deducted from the estimate?
No. Tax on deposit interest and any tax deducted at source are not included.
Can I compare two FD rates?
Yes, run the calculator with each rate and compare like-for-like tenure and compounding assumptions. Also consider payout frequency and premature withdrawal rules.
SolveKit provides general calculations for information and planning. Results depend on the values and assumptions entered. For financial, investment, payroll or tax decisions, confirm the applicable product terms and current rules with an authoritative source or qualified professional.