Fixed Deposit Calculator India — Maturity Amount & Interest
Fixed Deposit Maturity · Bank Comparison · Tax Impact · Senior Citizen Rates
A fixed deposit locks your money for a specific period at a predetermined interest rate — no market risk, guaranteed returns. The real power of FD comes from compounding: a ₹10L FD at 7.5% for 5 years gives ₹14.35L (quarterly compounding) vs only ₹13.75L with annual compounding — that's ₹60,000 extra just from compounding frequency. This calculator handles all scenarios.
🏦 Fixed Deposit Calculator
📅 Interest Payout Schedule
| Quarter | Period | Interest Payout | Cumulative Interest | Balance |
|---|---|---|---|---|
| Q1 | Jun 2026 | ₹8,875 | ₹8,875 | ₹5,08,875 |
| Q2 | Sept 2026 | ₹9,033 | ₹17,908 | ₹5,17,908 |
| Q3 | Dec 2026 | ₹9,193 | ₹27,100 | ₹5,27,100 |
| Q4 | Mar 2027 | ₹9,356 | ₹36,456 | ₹5,36,456 |
| Q5 | Jun 2027 | ₹9,522 | ₹45,979 | ₹5,45,979 |
| Q6 | Sept 2027 | ₹9,691 | ₹55,670 | ₹5,55,670 |
| Q7 | Dec 2027 | ₹9,863 | ₹65,533 | ₹5,65,533 |
| Q8 | Mar 2028 | ₹10,038 | ₹75,571 | ₹5,75,571 |
| Q9 | Jun 2028 | ₹10,216 | ₹85,787 | ₹5,85,787 |
| Q10 | Sept 2028 | ₹10,398 | ₹96,185 | ₹5,96,185 |
| Q11 | Dec 2028 | ₹10,582 | ₹1,06,767 | ₹6,06,767 |
| Q12 | Mar 2029 | ₹10,770 | ₹1,17,538 | ₹6,17,538 |
📐 How FD Returns Are Calculated
Compound Interest Formula (Quarterly):
📖 Example Calculation
Deposit: ₹5,00,000 | Rate: 7.1% p.a. | Period: 3 years | Quarterly compounding
💼 Real Life Use Case
₹25L FD @ 7.5% → Monthly interest ₹15,625 as pension supplement
₹5L FD for 3 yrs @ 7.1% → ₹6.23L ready for property purchase
₹8L FD for 5 yrs @ 7.5% → ₹11.5L for child's college fees
6-month expenses in FD — safe, insured, earns more than savings
Frequently Asked Questions
Can I get monthly interest payout from FD?
Yes — most banks offer monthly, quarterly or annual interest payout options. Monthly payout: effective rate slightly lower (simple interest monthly). Best for retirees needing regular income. For wealth creation, choose cumulative (no payout) as reinvested interest compounds better.
What is auto-renewal in FD?
Auto-renewal = bank automatically renews FD at maturity at prevailing rate for same tenure. Convenient but risky if rates have changed. Always set calendar reminder for FD maturity — check if reinvestment at same bank is optimal or if better rates are available elsewhere.
Is FD interest taxable for senior citizens?
Yes — FD interest is taxed as income at applicable slab rate. Senior citizens get deduction under Section 80TTB: up to ₹50,000 FD interest exempt from tax. They also have ₹5L basic exemption limit vs ₹2.5L for others. TDS threshold for seniors: ₹50,000/year vs ₹40,000 for others.
What is sweep-in FD and should I open one?
Sweep-in FD auto-transfers excess balance (above set threshold) from savings to FD. Earns FD rate on excess savings. Auto-breaks FD when savings run low. Combines liquidity of savings account with returns of FD. Very useful for people with variable income or seasonal surplus cash.
📌 Key Takeaways
- ✅ FD calculator India helps compare bank rates and compute exact maturity amount
- ✅ Quarterly compounding gives higher returns than simple interest or monthly payout FDs
- ✅ Senior citizens get 0.25–0.50% extra interest on FD across most banks
- ✅ FD interest is taxable — TDS @ 10% deducted if interest exceeds ₹40,000/year
- ✅ DICGC insures deposits up to ₹5 lakh per depositor per bank
- ✅ FD Ladder strategy gives both liquidity and better returns than single FD
- ✅ Tax-saving FD under 80C: 5-year lock-in, max ₹1.5L deduction per year