Estimate FD maturity amount, interest earned, and growth over time.
A Fixed Deposit is a financial product where you invest a lump sum for a fixed period at a predetermined interest rate. The bank returns your principal plus accrued interest at maturity. It is one of the safest investment options in India and is often preferred by conservative investors.
Fixed Deposits are backed by DICGC (Deposit Insurance and Credit Guarantee Corporation) insurance up to ₹5 lakh, providing additional security for your money.
This FD Calculator estimates the maturity amount and interest earned on your fixed deposit using three inputs:
Using these inputs, the calculator shows:
All calculations run instantly and locally in your browser for complete privacy.
The calculator uses the compound interest formula, the standard method used by Indian banks to calculate FD returns.
Compound Interest Formula:
Maturity Amount = Principal × (1 + Interest Rate/100)^Number of Years
The longer you keep your FD, the stronger the compounding effect becomes. For example, a ₹1 lakh FD at 7% per annum for 10 years grows to approximately ₹1.97 lakh due to compounding.
An FD Calculator is useful if you want to:
It gives you a clear picture of how your money grows and helps you choose the best FD tenure for your needs.
To keep calculations transparent and simple, this FD calculator assumes:
Growth Over Time Chart: This line chart shows how your FD maturity amount increases year by year. It visualizes the compounding effect, showing accelerating growth in later years as interest earns interest.
Principal vs Interest Breakdown: The ring chart separates your original principal amount from the interest earned, helping you see exactly how much returns the FD generates.
These visuals make it easier to understand why long-term fixed deposits are powerful wealth-building instruments and help you choose the right tenure.
| Tenure | Typical Bank Rate (% p.a.) | Senior Citizen Rate |
|---|---|---|
| 1-2 Years | 6.0% - 7.0% | 6.5% - 7.5% |
| 2-3 Years | 6.5% - 7.5% | 7.0% - 8.0% |
| 3-5 Years | 7.0% - 8.0% | 7.5% - 8.5% |
| 5-10 Years | 6.5% - 7.5% | 7.0% - 8.0% |
Note: Interest rates vary by bank and change frequently. Check with your bank for the latest rates.
This calculator is ideal for:
It is especially useful for investors seeking low-risk, secure investment vehicles with predictable returns.
FD Laddering is an investment strategy where you invest in multiple FDs with staggered maturity dates instead of a single FD. For example:
This strategy provides regular liquidity (one FD matures each year) while maintaining fixed returns. As each FD matures, you can reinvest it for the longest duration to maintain the ladder.
Benefits: Regular access to funds, ability to benefit from rising interest rates, and continuous income stream.
This calculator is for educational and planning purposes only and does not constitute financial advice. Results are illustrative and not guaranteed. Taxes, fees, charges, and market risks are not included in the calculations. Consult a qualified financial advisor before making investment decisions.