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Fixed Deposit maturity calculator with quarterly compounding
Your money becomes
1.4×
of what you put in over 5 years.
₹1.00 L
₹41,478
Interest is 29.3% of final value
| Year | Total contributed | Interest earned | Value |
|---|---|---|---|
| 1 | ₹1.00 L | ₹7,186 | ₹1.07 L |
| 2 | ₹1.00 L | ₹7,702 | ₹1.15 L |
| 3 | ₹1.00 L | ₹8,256 | ₹1.23 L |
| 4 | ₹1.00 L | ₹8,849 | ₹1.32 L |
| 5 | ₹1.00 L | ₹9,485 | ₹1.41 L |
The gap between the two lines is the interest earned — and it widens every year.
A Fixed Deposit (FD) is a one-time deposit that earns a fixed interest rate for a chosen tenure. Banks compound interest quarterly by default — meaning interest is credited every 3 months and added to the balance to earn more interest in the next quarter.
FD interest is fully taxable as "income from other sources" at your slab rate. Banks deduct TDS at 10% if interest exceeds ₹40,000 in a year (₹50,000 for senior citizens).
FV = P × (1 + r/4)4n
P = principal
r = annual rate (decimal, e.g. 0.07)
n = years
A 5-year tax-saver FD qualifies for Section 80C deduction up to ₹1.5L (old regime). It has a mandatory 5-year lock-in — no premature withdrawal.
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