What this calculator does
A fixed deposit (FD) is a deposit account that typically pays interest under terms set by a bank or financial institution. Use this calculator for an indicative maturity estimate based on the rate, duration and compounding frequency you enter.
Try the Fixed Deposit Calculator
Enter your own figures and explore an estimate in the InvestCalc calculator.
Open calculator ↗How is FD interest estimated?
For a deposit with compound interest, the maturity estimate depends on the principal, annual rate, compounding frequency and tenure. Actual bank calculations may use specific day-count and payout conventions.
What to check with your bank
Confirm the effective rate, compounding or payout method, minimum tenure, premature withdrawal rules, tax treatment and any special conditions before opening a deposit.
Compounding frequency
More frequent compounding can change the mathematical result. Select the frequency that matches the product terms as closely as possible.
Not a bank quote
This tool is an educational estimate. The bank's deposit advice, account terms and applicable tax rules determine the actual amount payable.
Frequently asked questions
Is the displayed maturity value guaranteed?
No. It is an estimate based on your inputs. Confirm the maturity amount and terms with the deposit provider.
Does it calculate tax on FD interest?
No. Tax treatment depends on your jurisdiction and circumstances.