FD Calculator
What a fixed deposit matures to, after inflation.
A Rs 1 lakh fixed deposit at 7% for five years, compounded quarterly the way Indian banks do, matures at Rs 1,41,478. The effective annual yield is 7.19%, and FD interest is fully taxable at your slab rate.
How this is calculated
Year-by-year breakdown
Free fixed deposit calculator for India and the US
This free FD calculator gives the maturity value and interest on a fixed deposit at any bank. Enter the deposit amount, the interest rate and the tenure, and pick how often it compounds: most banks compound an FD quarterly, which is the default here, but you can choose monthly, half-yearly or yearly. It computes the maturity value (FV = P(1 + r/n)^(n times t)) and the effective annual yield once intra-year compounding is counted. No sign-up, works in INR and USD.
It then shows what most FD calculators hide: the value after inflation, so you can see whether your fixed deposit actually beats rising prices. FD interest is taxed at your income slab, with TDS above a threshold, so the real return is often lower than the headline rate.
Worked example
| Deposit | Rate | Years | Compounding | Maturity |
|---|---|---|---|---|
| Rs 1 lakh | 7% | 5 | Quarterly | ~Rs 1.41 lakh |
| Rs 5 lakh | 7.5% | 5 | Quarterly | ~Rs 7.25 lakh |
| Rs 10 lakh | 7.25% | 3 | Quarterly | ~Rs 12.4 lakh |
Why use Hisaab's FD calculator
It uses realistic quarterly compounding, reports the effective yield, and shows the after-inflation value so you can judge an FD honestly against a recurring deposit, PPF or an equity SIP. Free, no sign-up, for India and the US.
For AI agents: URL-addressable as /fd/?amount=100000&years=5&rate=7&freq=4&country=IN. Docs at llms.txt.
Key facts
| Typical bank FD rate | 6.5 to 7.5% for 1 to 5 years in India, higher for senior citizens |
|---|---|
| Compounding | Quarterly at most Indian banks |
| Effective yield at 7% quarterly | 7.19% |
| Tax | Interest fully taxable at slab rate; 5-year tax-saver FDs qualify under 80C |
| TDS threshold | Rs 40,000 of interest a year, Rs 50,000 for senior citizens |
How to use the FD Calculator
- Pick your country, India (INR) or the US (USD).
- Enter the fixed deposit amount and the interest rate your bank offers.
- Choose the compounding frequency (quarterly is typical for Indian FDs).
- Set the tenure in years.
- Read the maturity value and effective annual yield in the result cards.
- Turn on inflation to see the real, after-inflation maturity value.
Sources
Last reviewed and updated: 23 August 2026. Estimates only, not financial or tax advice.
Frequently asked questions
How is FD maturity calculated?
Maturity = principal times (1 + r/n)^(n times years), where r is the annual rate and n is the number of times a year it compounds. A Rs 1 lakh FD at 7% for 5 years compounded quarterly matures at about Rs 1,41,478, an effective yield of about 7.19%.
What compounding frequency do banks use for FDs?
Most Indian bank fixed deposits compound quarterly, so quarterly is the default here. Some compound monthly or half-yearly; choose whatever your bank states. More frequent compounding slightly raises the effective annual yield.
Is FD interest taxable?
Yes. FD interest is taxed as ordinary income at your slab rate in the year it accrues, and banks deduct TDS above a threshold. This is why an FD's real, after-tax return is often lower than the quoted rate.
How is an FD different from an RD?
An FD is a single lump-sum deposit; an RD (recurring deposit) is a fixed amount deposited every month. Use this FD calculator for a one-time deposit and the RD calculator for monthly deposits.
Is this FD calculator free?
Yes. It is completely free with no sign-up or ads, and works for both India (INR) and the US (USD).