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FD Calculator

FD Calculator

What will your Fixed Deposit be worth at maturity?

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Years Months Days
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Maturity value
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Interest earned
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Inflation-adjusted maturity
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in today's money
Post-tax maturity
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Deposit vs interest

Assumes a cumulative FD (interest reinvested and paid out only at maturity), compounded at the frequency you choose. A non-cumulative FD instead pays the interest out on that schedule and returns only the principal at maturity — the total interest earned is the same either way, but a cumulative FD's payout is larger since it also earns interest on interest.

Tax: FD interest is fully taxable at your slab rate as "income from other sources" — there is no special rate. Banks deduct 10% TDS (20% without PAN) once your interest at that bank crosses ₹50,000 in a financial year (₹1,00,000 for senior citizens). TDS is only an advance — your final tax is at your slab, which is what the post-tax figure above uses. If your total income is below the taxable limit, submit Form 15G (15H for seniors) to stop TDS; seniors can also deduct up to ₹50,000 of deposit interest under 80TTB in the old regime.

What to work out next

Post-tax Yield Comparator

FD vs debt fund vs equity fund vs PPF/SSY, ranked after tax.

FD vs Debt Mutual Fund Calculator

Guaranteed slab-rate tax, or market-linked slab-rate tax.

Inflation Calculator

See what today's rupee is worth years from now.

TDS Calculator

Work out the TDS a bank deducts on your FD/RD interest.

Emergency Fund Calculator

Size your safety net and see how fast you can build it.

PPF Calculator

See what your PPF account grows to at maturity.

Frequently asked questions

Is a fixed deposit still worth it compared to other options?

It depends on your goal -- fixed deposits offer safety and a guaranteed return, which suits short-term goals or emergency funds, but their returns often barely keep pace with inflation after tax. For long-term goals, market-linked options have historically outperformed fixed deposits, at the cost of guaranteed safety.Read more: Your NBFC Fixed Deposit Has Zero Government Insurance — Unlike a Bank FD

What's the difference between simple and compound interest?

Simple interest is calculated only on the original principal for the entire period. Compound interest is calculated on the principal plus any interest already earned, so the amount it's calculated on grows over time. Compounding produces a meaningfully larger result the longer the money is invested.Read more: Breaking Your FD Early Costs More Than the Penalty Alone

How much emergency fund should I keep?

A common guideline is 3-6 months of essential expenses in an easily accessible account, though this varies by job stability, dependents, and other safety nets available to you. It should be liquid and low-risk, not invested for growth, since the point is availability when you need it, not returns.Read more: FD Real Returns After Tax and Inflation: The Number Your Bank Never Shows You

Are savings account returns taxable?

Generally, yes -- interest earned is typically taxable as regular income, though some jurisdictions offer a small exemption threshold on savings interest specifically. Check the current rule where you file, since this is one of the more frequently adjusted thresholds.Read more: PPF Rates: The Formula the Government Ignores

Estimates only, not financial advice. See our Disclaimer.