FD Maturity Calculator
Calculate the exact maturity amount of your Fixed Deposit. Know how much money you will receive when your FD matures, including principal and accumulated interest with quarterly compounding.
Understanding Fixed Deposits
Fixed Deposit (FD) is one of the safest investment options offered by banks and financial institutions. When you open an FD, you deposit a lump sum for a fixed tenure at a predetermined interest rate. The money is locked until maturity, and you earn interest that compounds quarterly in most cases.
FD Interest Calculation Formula
For quarterly compounding (most common in India):
A = P × (1 + r/400)^(4n)
Where: A = Maturity Amount, P = Principal, r = Annual Interest Rate (%), n = Number of Years
Example Calculations
| Principal | Rate | Tenure | Maturity | Interest |
|---|---|---|---|---|
| ₹2,00,000 | 7.25% | 2 years | ₹2,30,621 | ₹30,621 |
| ₹10,00,000 | 7.5% | 5 years | ₹14,45,608 | ₹4,45,608 |
Types of Fixed Deposits
- Regular FD: Standard deposits with flexible tenures from 7 days to 10 years
- Tax-Saving FD: 5-year lock-in with Section 80C benefits up to ₹1.5 lakh
- Senior Citizen FD: Higher interest rates (0.25-0.50% extra) for those 60+
- Cumulative FD: Interest compounded and paid at maturity
- Non-Cumulative FD: Interest paid monthly/quarterly/annually
FD vs Other Investments
While FDs offer guaranteed returns and capital safety, they may not beat inflation in the long term. For higher returns with some risk, explore SIP Calculator for mutual funds or PPF Calculator for tax-free returns with sovereign guarantee.
Frequently Asked Questions
When do I receive my FD maturity amount?
The maturity amount is credited to your linked savings account on the maturity date. You can choose auto-renewal or receive the funds. Most banks send reminders before maturity.
Is FD maturity amount taxable?
Yes, FD interest is taxable as per your income slab. TDS of 10% is deducted if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if not liable.