FD Details
3 yr
0 mo
* Rates are indicative. Actual rates may vary. Senior citizens typically get +0.25–0.5%.
Maturity Amount
₹1,23,508
Principal
₹1,00,000
Interest Earned
₹23,508
Effective Yield
7.84% p.a.
PrincipalInterest
Year-by-Year Growth
| Year | Balance | Interest |
|---|---|---|
| Year 1 | ₹1,07,291 | ₹7,291 |
| Year 2 | ₹1,15,114 | ₹15,114 |
| Year 3 | ₹1,23,508 | ₹23,508 |
What is a FD Calculator?
A Fixed Deposit Calculator computes the maturity amount and interest earned on your FD based on the principal, interest rate, tenure, and compounding frequency. It includes preset rates for major Indian banks like SBI, HDFC, and ICICI so you can compare returns instantly.
How to Use It
- 1Enter your deposit amount (principal)
- 2Select a bank preset to auto-fill the current rate, or enter a custom rate
- 3Set the FD tenure in years and months
- 4Choose the compounding frequency (monthly, quarterly, annually)
- 5View maturity amount, total interest earned, and effective annual yield
Example
₹1,00,000 deposited in SBI FD at 6.8% for 3 years with quarterly compounding matures to approximately ₹1,22,164. Interest earned: ₹22,164 — taxable as income at your slab rate.
Why Use It
- Compare FD returns across banks before locking in your money
- Understand the impact of compounding frequency on returns
- Plan for TDS implications if interest exceeds ₹40,000/year
- Evaluate FDs vs debt mutual funds for post-tax returns