Fixed Deposit Calculator

Calculate your Fixed Deposit returns with compound interest. Compare different compounding frequencies and interest types.

Principal Amount

₹1,00,000

Total Interest

₹0

Maturity Amount

₹0

Effective Annual Yield (APY)

0.00%

Interest Rate

7.5%

₹

Range: ₹1,000 – ₹1,00,00,000

% p.a.

Range: 1% – 20% per annum

Max: 120 months (10 years)

Growth Chart

Calculation Summary

ParameterValue
Principal Amount₹1,00,000
Interest Rate7.5% per annum
Time Period12 months
Interest TypeCompound
Compounding FrequencyQuarterly
FD TypeCumulative
Total Interest Earned₹0
Maturity Amount₹0
Effective Annual Yield0.00%

Period-wise Breakdown

PeriodPrincipal (₹)Interest Accrued (₹)Total Value (₹)
Enter inputs to see the period-wise schedule.

What is FD?

Fixed Deposits(FD) is a financial instrument offered by banks and financial institutions. An individual invests a lump sum amount for a specific period of time with a bank and during which the amount earns interest at a predetermined rate. At maturity you receive principal along with compounded interest rate. They generally have higher interest rates than savings accounts.

How does FD work?

  • You invest lump sum in FD (e.g. 5,000, 10,000)
  • You choose the tenure (e.g. 3 years, 10 years)
  • The bank locks the money
  • Interest is calculated and added
  • At maturity you receive principal amount(amount you invested) along interest earned.

Example:

If you invest ₹1,00,000 for 5 years at 7% interest compounded quarterly, you’ll get around ₹1,41,477.82 at maturity.

YearPrincipalPrincipal + Interest (₹)Interest Earned (₹)
1₹1,00,000₹1,07,185.90₹7,185.90
2₹1,00,000₹1,14,888.18₹14,888.18
3₹1,00,000₹1,23,143.93₹23,143.93
4₹1,00,000₹1,31,992.94₹31,992.94
5₹1,00,000₹1,41,477.82₹41,477.82

Formula to calculate FD’s interest:

A = P+ P * (1+ r/n) ^ n Interest= A-P Where A is Amount at maturity P is Principal amount R is interest rate N is number of years

Types of FD:

Regular FD:
This is the most common type of FD, where you invest a lump sum amount for a fixed tenure and earn a predetermined interest rate. It’s ideal for people who want guaranteed returns with minimal risk.

Flexi FD:
When your balance exceeds a certain limit, the excess amount is automatically transferred into an FD. If you need money, it can be auto-swept back, offering both liquidity and returns.

Non-Cumulative FD:
Instead of receiving the interest at the end of the term, you get it monthly, quarterly, or annually. This is ideal for retirees or anyone looking for a fixed source of income.

Cumulative FD:
The interest is compounded and paid at maturity along with the principal. It helps your investment grow faster over time due to compounding. This is ideal for a person who is not in urgent need of funds.

Senior Citizen FD:
They are specially designed for people above 60 years of age. They generally offer 0.25% to 0.75% higher interest rates than regular FDs and are a secure way to generate income post-retirement.

Corporate Fixed Deposit:
These are FDs offered by corporate companies and NBFCs (not banks) and usually offer higher interest rates than bank FDs. However, they carry more risk since they are not insured like bank FDs. It's important to check the company’s credit rating and reputation before investing.

Key Features of Fixed Deposits-

  • Compounded periodically: The return on the invested amount is compounded quarterly, annually, or monthly.
  • Flexible tenure (7 days to 10 years)- FDs have investment tenures ranging from 7 days to 10 years, which differs from bank to bank.
  • Higher interest for senior citizens- Banks and NBFC’s offer senior citizens an additional 0.25% to 0.75% interest rate.
  • Premature withdrawal (subject to penalty)- Premature withdrawal of FD’s are allowed,though a small penalty may apply.
  • Loan against FD- Most banks allow you to borrow up to 90% of your FD value.

What is an FD Calculator and How Does It Help?

An FD calculator is a simple tool that tells you what your FD might look like in the future. All you need to enter is:

  • Deposit amount (like ₹1,00,000)
  • Time Period(like 5 years)
  • Interest Rate (like 7%)

In just the seconds, It will show you-

  • How much you’ll receive at maturity
  • Total interest earned over the period
  • Your effective annual yield

How to use Finanjo’s FD Calculator – Step-by-Step

  • Enter your invested amount (e.g., ₹3,00,000)
  • Enter your time period (e.g., 10 years)
  • Enter the interest rate(e.g., 7%)
  • Choose compounding frequency( e.g. quarterly)
  • It will calculate and dynamically update the graph and the values.

Features of Finanjo’s FD Calculator-

  • Multiple compounding frequencies (Quarterly, Half-Yearly, Annually)
  • Cumulative and Non-Cumulative FD types
  • Real-time calculations with visual charts
  • PDF export functionality
  • Mobile-responsive design
Is the interest earned on FD taxable?
Yes. The interest earned on FD is taxable as ‘Income from Other Sources’.
Can I withdraw my FD before maturity?
Yes,but withdrawing money may attract a penalty or lower interest rate than initially agreed.
Do senior citizens get higher interest rates?
Yes, most banks offer 0.25% to 0.50% extra interest to individuals aged 60 and above.
Can I take a loan against FD?
Yes, most banks allow you to borrow up to 90% of your FD value.