FD calculator
Maturity or monthly income from a fixed deposit in any currency, with TDS, what it is worth after tax and inflation, and the deposit a goal needs.
PrivateNo uploadsRuns in your browser1 lakh
4% a year, the Reserve Bank of India's target, as of 13 Nov 2026.
Maturity after 2 years
₹1,14,325
1.14 lakh
- Deposit
- ₹1,00,000
- Total interest
- ₹14,325
- Maturity amount
- ₹1,14,325
- Yearly yieldafter compounding
- 6.92%
- TDS the bank may cutinterest under the yearly limit
- ₹0
After tax and rising prices
At maturity
₹1,14,325
2 years
After tax
₹1,14,325
no tax picked
In today's money
₹1,05,700
at 4% inflation
Grows 6.92% a year after tax, and 2.81% a year after prices rise.
Rates as of 13 Nov 2026: senior citizen extra about 0.5% at most banks; TDS 10% above ₹50,000 interest a year from one bank (₹1 lakh for seniors), FY 2026-27. FD rates differ by bank, so type yours.
Year by year
| Year | Interest | Closing | TDS |
|---|---|---|---|
| 1 | 6,923 | 1,06,923 | |
| 2 | 7,402 | 1,14,325 |
Years run from the day you open the deposit. Banks count TDS by financial year (April to March) and add up all your deposits with them, so the real TDS may differ.
How it is calculated
Maturity = P × (1 + r ÷ (100 × n))^(n × years)
P is the deposit, r the yearly rate and n how many times a year interest is added (4 for quarterly). Days after the last full period earn simple interest. Deposits under six months earn simple interest only: P × r × days ÷ 36,500.
Example: ₹1 lakh at 7% for one year, added quarterly, becomes ₹1,00,000 × 1.0175⁴ = ₹1,07,186. The yield is 7.19% a year.
Payout: quarterly pays P × r ÷ 400 each quarter. Monthly pays the quarterly interest spread over three months at a small discount: quarterly interest ÷ (3 + 3i + i²), where i = r ÷ 1200. For ₹1 lakh at 7% that is ₹579.94 a month.
After tax = P + interest × (1 − tax)
In India the tax is your slab plus 4% cess, so the 30% slab takes 31.2% of the interest. Example: the ₹7,186 interest above at the 30% slab leaves ₹4,944, so you keep ₹1,04,944.
Today's money = after tax ÷ (1 + inflation)^years
At 4% inflation, ₹1,04,944 a year from now buys what ₹1,00,908 buys today: a real gain of about 0.9%.
Deposit for a goal = goal ÷ (1 + growth × (1 − tax))
Growth is what ₹1 earns over the term. To have ₹2 lakh in 3 years at 7%, added quarterly, deposit ₹2,00,000 ÷ 1.0175¹² = ₹1,62,412 today, or ₹1,72,528 at the 30% slab.
How to work out FD maturity
Enter the deposit and rate
Type the amount and your bank's yearly rate. Tick Senior citizen to add the extra rate.
Set the tenure and payout
Pick years, months and days, how often interest is added, and whether you want it paid out or kept in.
Read the maturity
See the maturity value, interest, the yearly yield, what is left after tax, its worth in today's money, TDS in each year and the yearly table. Download it as PDF or Excel.
Good to know
- Splitting a big deposit into a few smaller FDs with different end dates keeps money handy without breaking all of it.
- If your income is below the taxable limit, give Form 15G or 15H at the start of each financial year so no TDS is cut.
- Breaking an FD early usually costs 0.5% to 1% of the rate. Check before you choose a long tenure.
- Tick Senior citizen for parents and grandparents; most banks add about 0.5% a year.
- Saving for a date, such as fees or a wedding? Tap Reach a goal and pick the date.
- Compare the value in today's money with the deposit: if it is close, the FD is mainly keeping your money safe from rising prices.
- Every input is kept in the page link, so Copy link shares the exact deposit.
Where people use it
Park a bonus safely
See what a year-end bonus becomes in a one or two year FD before you book it.
Monthly income for parents
Pick monthly payout and the senior citizen rate to see what a retired father gets each month.
Compare two banks
Type each bank's rate and tenure and copy the link for each, so the family can compare.
Plan around TDS
See which years pass the TDS limit, and whether Form 15G or 15H makes sense.
FD or RD?
Have a monthly amount instead of a lump sum? Try the recurring deposit page.
RD calculator
Why this one
It follows bank practice: simple interest under six months and for leftover days, and the discounted monthly payout banks use, so the figures match your bank's.
- Cumulative and every payout option in one page.
- Senior citizen extra rate and TDS worked in.
- Value after tax at your slab and in today's money.
- Goal mode: the deposit needed today for an amount by a date.
- Year by year table with PDF and Excel download.
- Any currency, lakh or international numbers.
What you can change
- Deposit, rate and tenure in years, months and days
- Compounding monthly, quarterly, half-yearly or yearly
- Payout every month, quarter, half year or year
- Senior citizen extra rate
- Tax slab and inflation
- Goal amount and date
- Currency and number format
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Questions people ask
How do banks work out FD interest?
Most banks in India add interest every quarter, so interest earns interest. Deposits shorter than six months get simple interest. For days after the last full quarter, simple interest is added for those days.
What is the difference between cumulative and payout FDs?
In a cumulative FD the interest stays in and grows, and you get everything at the end. In a payout FD the bank sends the interest to your account every month, quarter, half year or year, and you get the deposit back at the end. Monthly payout is a little less than a third of the quarterly payout, because you get the money earlier.
How much extra do senior citizens get?
Most banks give people aged 60 and above about 0.5% a year more. Some give up to 0.75% or 1% on certain tenures. Tick Senior citizen and type your bank's extra rate.
When is TDS cut on FD interest?
When the interest from one bank in a financial year passes ₹50,000 (₹1 lakh for senior citizens), the bank cuts 10% as TDS, or 20% if it does not have your PAN. If your total income is below the taxable limit, give the bank Form 15G (or 15H if you are 60 or older) at the start of the year. FD interest is taxable as income, whether or not TDS was cut.
Does it work for term deposits and CDs outside India?
Yes. Pick your currency and set how often interest is added to match your bank. Many banks in the UK, Australia, Singapore and the Gulf pay a fixed term deposit's interest yearly or at the end, so pick Yearly. US banks quote a CD's APY, which already counts compounding: type the APY as the rate and pick Yearly to get the same figure. The six-month simple interest rule, the senior rate and TDS follow Indian banks; TDS is left out for other currencies.
How much of the FD interest is left after tax?
Pick your tax slab under Tax on the interest. In India FD interest is added to your income and taxed at your slab, plus 4% cess, so at the 30% slab about 31.2% of the interest goes in tax. TDS is part of that tax, not an extra cut. Pick No tax if your income is under the taxable limit.
What does the value in today's money mean?
Prices rise every year, so money at maturity buys less than the same money today. The page divides the after-tax amount by inflation for each year of the deposit. In India it starts at 4% a year, the Reserve Bank of India's inflation target; elsewhere the usual figure for your currency. Type your own figure if you like.
How much should I put in an FD to reach a goal?
Tap Reach a goal, type the amount you want and the date you need it. The page works out the one-time deposit needed today, after tax if you pick a slab. Choose Today's prices if the goal is a price you see today, such as a bike or school fees, and it is raised by inflation to that date first.
What is the effective yearly yield?
It is the simple yearly rate that would give the same money, after counting compounding. At 7% compounded every quarter the yield is about 7.19%.