Banking
FD Calculator
Fixed deposit maturity, compounded quarterly.
How to use this
A fixed deposit locks a lump sum for a set term at a fixed rate, compounded quarterly. Interest is taxable at your slab. Laddering several FDs of different tenures gives you both liquidity and higher rates.
Maturity value
₹1.41L
Invested₹1L
Interest₹41.48K
₹1,00,000 at 7% (compounded quarterly) for 5 years matures to ₹1,41,478.
Year-by-year breakdown
Your FD growing each year (quarterly compounding)
| Year | Invested | Value | Interest |
|---|---|---|---|
| 1 | ₹1,00,000 | ₹1,07,186 | ₹7,186 |
| 2 | ₹1,00,000 | ₹1,14,888 | ₹14,888 |
| 3 | ₹1,00,000 | ₹1,23,144 | ₹23,144 |
| 4 | ₹1,00,000 | ₹1,31,993 | ₹31,993 |
| 5 | ₹1,00,000 | ₹1,41,478 | ₹41,478 |
Partner offer
See today's highest FD rates
Bank & NBFC FDs up to 8.5%+.
Know the scheme: Bank Fixed Deposit (FD)
| Interest rate | Bank-set; roughly 6.5–7.5% at major banks now, ~0.5% extra for senior citizens |
| Tenure | 7 days to 10 years |
| Compounding | Quarterly at most banks |
| Insurance | Deposits insured by DICGC up to ₹5 lakh per bank |
| Tax | Interest taxable at your slab; banks deduct TDS beyond the annual threshold. Only 5-year tax-saver FDs get 80C |
Key rules
- Premature withdrawal usually costs a 0.5–1% rate penalty; laddering several FDs avoids breaking one big deposit.
- A 5-year tax-saver FD qualifies for 80C but is locked in for the full 5 years.
- Submit Form 15G/15H if your income is below the taxable limit to avoid TDS.
Frequently asked
How is FD interest compounded?
Most Indian banks compound fixed-deposit interest quarterly. Arthly uses quarterly compounding by default.
Is the FD Calculator free to use?
Yes — every Arthly calculator is free, with no sign-up or app install required.
How accurate is the FD Calculator?
It uses standard financial formulas and current FY 2025-26 rates. Results are estimates to help you plan, not personalised financial advice — confirm details with your bank, fund or the relevant department.