🏦 Secure · Compound · Grow
Fixed Deposit.
Fixed Deposit.
Know your maturity & interest.
Adjust principal, rate & tenure — see instant maturity, interest earned, effective yield and year‑wise growth. 100% private, no data stored.
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₹1,00,000
🏦 Principal
₹1,40,255
📈 Maturity
₹40,255
💰 Interest
8.0%
⚡ Effective Yield
Principal vs InterestGold: Principal · Green: Interest
Principal: ₹1,00,000 · Interest: ₹40,255
📖
Your FD story — based on current selection
Real-time FD breakdownWith a one‑time investment of ₹1,00,000 for 5 years at 7.0% p.a., your maturity amount will be ₹1,40,255. Interest earned: ₹40,255 — that’s an effective annual yield of 8.0%. Longer tenure significantly boosts compounding.
FD best practices & strategies
- Current rate: 7.0% — compare with small finance banks (up to 8.5%).
- Laddering: Split corpus across 1‑, 3‑, and 5‑year FDs to balance liquidity & yield.
- Taxation: Interest ₹40,255 is added to income; consider tax‑saving FDs (5yr lock‑in). Use Tax Simulator.
- Senior citizen benefit: Extra 0.25‑0.5% rate if eligible.
- Avoid premature withdrawal: Penalty reduces effective yield.
- Reinvest interest: Cumulative option (default) maximises compounding.
🧮 What’s Next? Keep Building Your Financial Plan
- After FD Calculator → track your deposits in the Wealth Wallet
- Compare FD vs SIP → SIP vs Lumpsum Simulator
- Plan monthly savings → RD Calculator
- Build emergency fund → Emergency Fund Calculator
Explore More
Fixed Deposit Deep Dive
Everything you need to know about FDs — interest calculation, tax rules, and smart strategies.
FD Interest Calculation India: Formula & Examples (2026)
How banks compute your fixed deposit maturity step by step.
Read →FD Tax Rules India 2026: TDS, 80TTB & Tax-Saving FDs
Maximise post-tax returns with smart FD tax planning.
Read →FD Laddering Strategy India: How to Balance Yield & Liquidity
Split your corpus across tenures for better cash flow.
Read →Cumulative vs Non‑Cumulative FD: Which Is Better for You?
Reinvest interest vs regular payouts — the math matters.
Read →Senior Citizen FD Benefits India: Extra Interest & Tax Advantage
0.5% higher rates and Section 80TTB deductions explained.
Read →Best FD Interest Rates in India 2026: Bank-wise Comparison
Where to park your fixed deposit for the highest safe returns.
Read →Frequently asked questions
compound interesteffective yieldtax on FD
premature withdrawalcumulative
🏦 FD Basics
A fixed deposit (FD) is a lump‑sum investment where you lock money for a chosen tenure at a guaranteed interest rate. The bank pays interest compounded quarterly (usually). Your current FD of ₹1,00,000 at 7.0% for 5 yrs will mature at ₹1,40,255. Track your overall wealth in the Wealth Wallet.
Banks use the formula A = P × (1 + r/n)^(n×t), where P is principal, r is annual rate, n = 4 (quarterly compounding), t = years. For annual compounding (simpler calculator), A = P × (1 + r)^t. Your effective yield (CAGR) is 8.0%. Interest earned = ₹40,255. Compare with RD Calculator for monthly savings.
📈 Returns & Strategy
Currently 7.0% is competitive for major banks. Small finance banks and NBFCs often offer 0.5‑1.5% higher. Senior citizens get an additional 0.25‑0.5%. Use the Tax Regime Simulator to compare post‑tax returns.
Longer tenure dramatically increases compounding. Your 5‑year FD earns ₹40,255 in interest. Extending to 10 years more than doubles the interest earned. For goal‑based planning, use the Savings Sprint Simulator.
💰 Tax & Premature Withdrawal
Yes, FD interest is fully taxable as per your income tax slab. TDS is deducted at 10% if annual interest across all deposits exceeds ₹40,000 (₹50,000 for senior citizens). Your interest of ₹40,255 over 5 years is taxable annually. Consider tax‑saving FDs (5‑year lock‑in) under Section 80C. Use the Tax Simulator to estimate liability.
Yes, but banks charge a premature withdrawal penalty, typically 0.5% to 1% reduction in the applicable interest rate. This can significantly reduce your effective yield. To avoid this, build an emergency fund first using the Emergency Fund Calculator.
🔄 FD vs Other Instruments
FD is ideal for lump‑sum investments, while RD suits monthly savings. For goal‑based comparisons, use the RD Calculator alongside this FD Calculator. For long‑term wealth, also explore Investment Wallet for equity SIPs.
Debt mutual funds held for over 3 years get indexation benefit, reducing tax on gains. FDs are taxed annually at slab rate. If you’re in the 30% bracket, debt funds may be more tax‑efficient. Use the Tax Simulator to compare both scenarios.
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