On a cumulative FD, quarterly compounding: A = P(1 + r/4)^(4t). On a payout FD, simple interest is credited each period.
FD Calculator
Compute a fixed deposit's maturity value for any amount, rate and tenure with quarterly compounding, switch between cumulative and monthly-payout modes, see the TDS on interest — and compare the maturity across major banks at their current rates.
Maturity amount
₹6,15,720
Total interest
₹1,15,720
Average yield p.a. (simple)
7.71%
TDS (10%)
₹0
Interest after TDS
₹1,15,720
Same deposit at current bank rates (3 yr, general)
| Bank | Rate | Maturity | Interest |
|---|---|---|---|
| Post Office | 7.10% | ₹6,17,538 | ₹1,17,538 |
| BoB | 6.70% | ₹6,10,296 | ₹1,10,296 |
| ICICI Bank | 6.50% | ₹6,06,704 | ₹1,06,704 |
| PNB | 6.50% | ₹6,06,704 | ₹1,06,704 |
| Axis Bank | 6.50% | ₹6,06,704 | ₹1,06,704 |
| HDFC Bank | 6.45% | ₹6,05,809 | ₹1,05,809 |
| SBI | 6.30% | ₹6,03,131 | ₹1,03,131 |
Year-wise balance
| Year | Principal | Interest | Value |
|---|---|---|---|
| 1 | ₹5,00,000 | ₹35,930 | ₹5,35,930 |
| 2 | ₹5,00,000 | ₹74,441 | ₹5,74,441 |
| 3 | ₹5,00,000 | ₹1,15,720 | ₹6,15,720 |
- Bank comparison uses card rates as on 2026-06-15 (approximate; verify with the bank).
How the FD Calculator works
A fixed deposit locks a lump sum for a fixed term at a fixed rate. In cumulative mode interest is compounded — quarterly at almost all Indian banks — and paid with the principal at maturity. In payout mode the bank credits simple interest to your account every month or quarter.
Effective yield is higher than the quoted rate because of compounding: 7% compounded quarterly is a 7.19% effective annual yield.
Interest is fully taxable at your slab. Banks deduct 10% TDS when interest in a financial year crosses the threshold; you still owe the balance tax if you are in a higher bracket.
A = P × (1 + r/n)^(n×t) Monthly payout = P × r ÷ 12
- P
- deposit
- r
- annual rate
- n
- compounding periods per year (4 for quarterly)
- t
- years
Worked example
- Deposit amount: ₹5,00,000
- Interest rate (p.a.): 7%
- Tenure: 3 Yr
- Compounding: Quarterly
- Interest: Cumulative
₹5 lakh at 7% for 3 years compounded quarterly matures at ₹6,15,720 — ₹1,15,720 of interest. Since that is over ₹38,000 a year, the bank deducts 10% TDS (₹11,572) before paying out.