Calculator
FD calculator
Quarterly compounding, exactly like your bank does it. Compare rates before you lock in.
Maturity ₹7.07 L (₹5.00 L deposit + ₹2.07 L interest)
Hover any bar for the yearly breakup. Quarterly compounding, the Indian bank convention. FD interest is taxed at your slab — post-tax return is what matters.
What this calculator answers
A ₹5,00,000 fixed deposit at 7% for 5 years matures at about ₹7,07,389 with quarterly compounding, earning ₹2,07,389 of interest. Enter the deposit, rate and tenure to compare offers before you lock in.
How it is calculated
Quarterly compounding, the Indian bank convention: A = P × (1 + rate ÷ 4)^(4 × years), with the chart showing the same balance at the end of each year.
Interest is fully taxable at your slab, so the post-tax return is lower than shown. Banks compound on their own conventions, so treat the maturity as an estimate.
Common questions
Why quarterly and not yearly compounding?
Indian banks conventionally compound fixed-deposit interest every quarter, so this calculator uses that convention. The compound-interest calculator lets you switch frequencies.
What will I actually take home?
TDS applies once interest crosses the bank's threshold and the rest is taxed at your slab, so the figure here is pre-tax. Post-tax is what matters when comparing an FD with a debt fund.
What if I withdraw early?
Premature withdrawal usually means a lower applicable rate and sometimes a penalty, neither of which is modelled — the estimate assumes the deposit runs to maturity.
Source & freshness
- Source
- Deterministic formula in lib/calculators.ts
- Timeliness
- Static-verified
- Method
- calculated
- Note
- Illustrative projection from your inputs — not a market quote.