INDIA · BANK FIXED DEPOSIT
Fixed Deposit (FD) Maturity Calculator
Before locking an amount in a bank FD, separate the principal from the interest that a quoted rate might generate under a stated compounding assumption.
Enter your figures
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Calculation results
An estimate, not a bank deposit rate, tax assessment or lender approval.
When and how to use
An illustrative ₹1,00,000 FD at 8% nominal interest compounded every quarter for two years grows to ₹1,00,000 × (1 + 0.08/4)^8, before tax and any bank-specific rounding.
- Enter the ONE-TIME principal that will be deposited, not a monthly recurring deposit amount.
- Copy the bank's actual interest quote into the model. If the quote is an effective annual yield, do not enter it as though it were a nominal annual rate.
- Choose a matching compounding frequency (4 for quarterly, 12 monthly, or 1 annual). Many bank products have special day counts, payout types or rounding.
- Check TDS and income-tax consequences separately; quoted FD interest is not guaranteed to be tax free. Review DICGC deposit insurance limits for your bank and ownership category.
Understanding the result
Periodic nominal compounding model, NOT actual bank accrual by calendar day, senior-citizen rate, TDS or income tax, premature withdrawal penalty, auto-renewal or live account quote.
Frequently asked questions
Does this use current SBI or HDFC Bank rates?
No. The model never assumes any bank's live rate. Enter a documented quote applicable to your deposit tenure and customer category.
Does FD insurance cover unlimited interest?
No. DICGC's eligible deposit insurance limit is generally ₹5 lakh INCLUDING eligible principal and interest per depositor per bank in the same right/capacity.
Can I use this for recurring deposits?
No. FD models a single principal at the start; monthly RD deposits earn interest for different lengths of time.
Is monthly interest payout equivalent to quarterly compounding?
No. Regular payout products can differ materially from cumulative products with reinvested interest.
Reference and calculation limits
Independent guidance; not an RBI-approved calculator.