FinWiz24 LogoSign in

Investment

FD Calculator

Calculate fixed deposit maturity amount with cumulative and non-cumulative interest options.

FD Calculator — Calculate fixed deposit maturity amount with cumulative and non-cumulative interest options. Use FinWiz24's free fd calculator for accurate results.

Formula

Maturity = P + (P × r × t)

P = Principal, r = Annual rate, t = Years

Results

Enter values above to see results

Formula

Maturity = P + (P × r × t)

Fixed Deposit interest is calculated using simple interest for deposits below ₹2 crore. Banks compound interest quarterly in India. Senior citizens get 0.5% extra interest. TDS is deducted if annual interest exceeds ₹40,000 (₹50,000 for senior citizens).

Example

An FD of ₹10,00,000 at 7.25% p.a. for 5 years

Input Values

Principal (₹)₹10,00,000.00
FD Rate (% p.a.)7.25%
Tenure (years)₹5.00

Calculation

Applying the formula with the input values above:

Results

Maturity Amount

₹14,20,000.00

Interest Earned

₹4,20,000.00

How to Use This Calculator
  1. 1Enter the FD principal amount you plan to deposit.
  2. 2Input the fixed deposit interest rate offered (compare across banks).
  3. 3Select the FD tenure (7 days to 10 years; longer tenures often get better rates).
  4. 4Senior citizens get 0.5% extra interest (verify bank-specific terms).
  5. 5Check if you want quarterly or monthly interest payout option.
Frequently Asked Questions