QuickCalcy money guide
FD Calculator Guide: Estimate Deposit Maturity
A fixed-deposit projection combines principal, tenure, rate and compounding frequency to estimate cumulative maturity.
Quarterly compounding
QuickCalcy adds interest to the balance four times a year. Later quarters then earn interest on earlier interest. Fractional tenure is available in quarter-year steps to match this convention.
Cumulative versus payout deposits
A cumulative deposit retains interest until maturity. A monthly or quarterly payout deposit distributes interest and will not produce the same maturity amount.
Compare deposits carefully
Use the exact applicable rate and tenure. Review premature-withdrawal terms, special-rate conditions and taxation. Reinvestment after maturity may occur at a different rate.
Mistakes and limitations
- Do not treat the estimate as a bank quote.
- Check institution-specific compounding and rounding.
- Compare post-tax outcomes where relevant.
Tax deduction, penalties and non-standard day counts are excluded.