FD calculator

Check the maturity value of your fixed deposit.

Last reviewed: August 2026 · Figures are estimates for general planning only — see the explanation below for this calculator's specific assumptions.

Deposit type

Deposit amount (₹)

Interest rate

7% p.a.

Tenure

5 years

Compounding frequency

Payout frequency

Deposit: ₹1,00,000 (71%)Interest: ₹41,478 (29%)

How this grows over time

if you deposit ₹1,00,000 for 5 years at 7%, it is worth about ₹1,41,478 at maturity, having earned about ₹41,478 in interest along the way. Compare this against a recurring deposit with monthly instalments instead

What is an FD calculator?

An FD (Fixed Deposit) calculator computes the maturity value of a deposit, compounded quarterly by default — the convention Indian banks use for FD interest payouts.

Cumulative vs non-cumulative FDs

A cumulative FD compounds your interest into the balance, paid out as one lump sum at maturity — this is what most people mean by "FD." A non-cumulative FD instead pays your interest out to you periodically (monthly, quarterly, half-yearly, or annually) as simple interest, rather than reinvesting it — so your principal comes back unchanged at maturity, since you’ve already received the interest along the way. Choose whichever matches the FD you actually have.

Compounding frequency varies by bank

Most Indian banks compound cumulative FD interest quarterly, but monthly, half-yearly, and annual compounding all exist depending on the bank and the specific scheme. More frequent compounding grows your money slightly faster at the same stated rate — check your FD’s terms and select the matching frequency here for an accurate result.

Frequently asked questions

How often do banks compound FD interest?

Most Indian banks compound FD interest quarterly, which is why this calculator defaults to quarterly compounding — check your specific bank’s FD scheme, as a few offer monthly or annual compounding instead.

Should I choose cumulative or non-cumulative FD?

Cumulative FDs grow faster overall since the interest itself earns further interest — better if you don’t need regular income and want the largest possible maturity amount. Non-cumulative FDs suit people who want a regular income stream (e.g. retirees), at the cost of somewhat lower total returns since the paid-out interest no longer compounds.

Does FD compounding frequency really make a difference?

Yes, though usually a modest one at typical FD rates and tenures — monthly compounding grows your money slightly faster than quarterly, which in turn beats annual compounding, all at the same stated interest rate. The difference grows with a higher rate and a longer tenure.

Common questions answered

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