How this fd calculator works
Maturity value = principal × (1 + annual rate ÷ 4)^(4 × years). This page assumes interest compounds quarterly and remains invested until maturity.
Worked example
A ₹5 lakh cumulative FD for five years at 7.25% with quarterly compounding has an estimated maturity value of about ₹7.16 lakh before tax.
Assumptions
- The FD is cumulative rather than interest-paying.
- Interest compounds once each quarter.
- The selected rate remains unchanged for the full term.
- The deposit stays invested until maturity.
Limitations
- Banks may use different compounding and day-count conventions.
- Tax and tax deducted at source are not subtracted.
- Premature-withdrawal penalties and special rates are excluded.
Frequently asked questions
What does an FD calculator show?
It estimates maturity value and interest from principal, tenure, rate and a compounding convention.
What is a cumulative FD?
Interest remains in the deposit and compounds until maturity instead of being paid periodically.
Is FD interest taxable?
Tax treatment depends on current law and the depositor. This calculator displays gross interest before tax.
Are senior-citizen rates included?
Enter the actual applicable rate; the calculator does not automatically select customer-specific rates.
Why might the bank value differ?
Banks can use exact dates, different compounding rules, rounding and product-specific terms.
Does this calculator support months?
Tenure changes in quarter-year steps, which suits this quarterly-compounding educational model.
Are premature withdrawal penalties included?
No. Check the bank’s deposit terms for applicable reductions or penalties.