How much does a non-cumulative FD pay out each quarter on ₹5 lakh?
A non-cumulative FD of these terms pays out about ₹8,750 each period, for total interest of about ₹1,75,000 over the term — your ₹5,00,000 principal comes back unchanged at maturity, since the interest was already paid out along the way.
How this grows over time
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.