India FD Calculator: Fixed Deposit Maturity Value
Estimate the maturity value of an Indian fixed deposit (FD) from the principal, interest rate, and tenure — the return on one of India's most popular safe savings instruments.
Adjust the inputs and select Calculate for a full breakdown.
Compare Common Scenarios
How the numbers shift across typical situations for this calculator:
| Scenario | Future value | Total growth |
|---|---|---|
| ₹1L · 7% · 5yr | $140,255.17 | $40,255.17 |
| ₹5L · 7.5% (senior) · 5yr | $717,814.66 | $217,814.66 |
| ₹2L · 6.5% · 3yr | $241,589.93 | $41,589.92 |
| ₹10L · 7% · 10yr | $1,967,151.36 | $967,151.36 |
How This Calculator Works
Enter the principal, the FD interest rate, and the tenure. The calculator compounds the principal to maturity and shows the maturity value and total interest earned. This assumes a cumulative FD (interest reinvested and paid at maturity); a non-cumulative FD instead pays interest out periodically, so the principal doesn't grow.
The Formula
Future Value of a Lump Sum
PV = present value, r = annual rate, n = number of years
Worked Example
₹1,00,000 deposited at 7% for 5 years grows to about ₹1,40,255 — roughly ₹40,255 of interest. A fixed deposit locks a lump sum with a bank (or NBFC/post office) for a fixed tenure at a fixed, guaranteed rate, making it a safe, predictable instrument popular for capital preservation. FDs come in two forms: cumulative (interest compounds and is paid with the principal at maturity, modelled here) and non-cumulative (interest paid out monthly/quarterly/annually for income, with the principal returned at the end).
Key Insight
Fixed deposits are the default safe-savings choice for millions in India, and a few features shape the real return. Safety: bank FDs are covered by deposit insurance (DICGC) up to a limit per depositor per bank, making them very low-risk; FDs with NBFCs or corporates offer higher rates but more risk. Compounding and payout: a cumulative FD reinvests interest (usually compounded quarterly) and pays the lump sum at maturity — best for growth — while a non-cumulative FD pays interest out periodically for those needing regular income, in which case the principal doesn't grow. Senior citizens typically earn a higher rate (often +0.25–0.50%). The big real-world deductions this estimate omits: TDS (Tax Deducted at Source) — banks deduct tax on FD interest above a threshold (lower threshold for non-seniors), and FD interest is fully taxable as 'income from other sources' at your slab rate, so your after-tax return is lower than the headline rate (submitting Form 15G/15H can prevent TDS if your income is below the taxable limit). Liquidity: breaking an FD early usually incurs a penalty (a reduced rate), so the lock-in is real; some banks offer flexi/sweep-in FDs for more liquidity. For comparison, a tax-saving FD (5-year lock-in) qualifies for Section 80C deduction but its interest is still taxable. This is a close maturity estimate; for your net return, factor TDS/tax and confirm whether the rate compounds quarterly. FDs suit capital preservation and guaranteed returns; for long horizons, market-linked options may earn more at higher risk.
Frequently Asked Questions
How is FD maturity value calculated?
The principal compounds at the FD rate over the tenure. ₹1,00,000 at 7% for 5 years grows to about ₹1,40,255 (roughly ₹40,255 interest). This assumes a cumulative FD; banks typically compound quarterly, so this annually-equivalent figure is a close estimate.
What's the difference between cumulative and non-cumulative FD?
A cumulative FD reinvests the interest and pays the lump sum at maturity (best for growth, modelled here). A non-cumulative FD pays interest out periodically (monthly/quarterly/annually) for regular income, with only the principal returned at the end — so the principal doesn't grow in a non-cumulative FD.
Is FD interest taxed?
Yes — FD interest is fully taxable as 'income from other sources' at your income-tax slab rate, and banks deduct TDS (Tax Deducted at Source) on interest above a threshold. So your after-tax return is lower than the headline rate. Submitting Form 15G/15H can prevent TDS if your total income is below the taxable limit.
Are fixed deposits safe?
Bank FDs are very low-risk — covered by DICGC deposit insurance up to a limit per depositor per bank. FDs with NBFCs or corporates offer higher rates but carry more risk. The rate is fixed and guaranteed for the tenure, which is why FDs are popular for capital preservation and predictable returns.
Can I withdraw an FD early?
Usually yes, but with a penalty — typically a reduced interest rate for premature withdrawal — so the lock-in has a real cost. Some banks offer flexi or sweep-in FDs for more liquidity. A tax-saving 5-year FD (which qualifies for Section 80C deduction) generally cannot be broken early.
Related Calculators
Methodology & Review
Maturity value is the principal compounded at the annual rate over the tenure. It assumes a cumulative FD where interest is reinvested; this model compounds annually-equivalent and does not deduct TDS on interest or model quarterly compounding precisely, so it's a close estimate.
Written by Ugo Candido · Last updated May 22, 2026.