Estimate fixed deposit maturity and interest with a chosen compounding frequency. Use the rate and term in your bank’s deposit offer.
For principal P, annual interest rate i, compounding frequency m and term t in years, maturity = P × (1+i/m)^(m×t). The interest shown is the maturity amount less the original deposit. Different products can use different day-count and payout rules.
A ₹1 lakh cumulative deposit at an assumed 7% annual rate for three years, compounded quarterly, grows to approximately ₹1,23,144. The modeled interest is about ₹23,144 before tax. Confirm the actual rate and compounding convention with your bank.
This tool models interest retained and compounded in the deposit. A non-cumulative FD that pays monthly or quarterly income may have a different effective payout rate. Taking interest out means it does not continue compounding within the same deposit.
Interest is shown before income tax. TDS is a deduction at source and is not necessarily your final tax liability. Premature withdrawal penalties, special-rate eligibility, renewal rates and partial withdrawal rules are not included in this calculation.
Keep principal, tenure and compounding settings consistent when comparing offers. Consider liquidity, issuer risk and applicable deposit protection along with the rate. A higher quoted rate does not make different institutions or deposit products equivalent.
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Educational estimates. Results exclude taxes and individual exceptions unless stated. Inputs remain in your browser.