Skip to tool content
Toolioz logoToolioz

Fixed Deposit (FD) Calculator 2026

A fixed deposit pays a stated annual rate for a fixed tenure. Maturity is principal plus compound interest at the selected frequency. Tax is not deducted.

⚠️ Disclaimer: The 7.1% rate is an illustrative default. Maturity depends on the rate, tenure, and frequency entered. The result is before tax.
₹
%
years

Total Maturity Amount

₹0.00
Total Interest-₹1,00,000.00
Investment₹1,00,000.00

Maturity uses A = P(1 + r/n)^(nt). The starting frequency is quarterly, n = 4. Annual, half-yearly, and monthly are also available.

Financial & Tax Advice Disclaimer

This tool is provided strictly for educational, planning, and illustrative purposes. All figures, estimates, compounding formulas, and tax calculations are based on user input parameters and current mathematical models.

No Performance Guarantee & Liability: Output calculations do not guarantee future returns, exact bank interest payouts, market gains, or legal tax liability. Toolioz and its maintainers accept no legal or financial liability for investment losses, loan commitments, or tax penalties resulting from the use of this calculator.

Always consult a certified financial planner, registered investment advisor, or Chartered Accountant (CA) before taking financial action.

What is left out of the maturity figure

Tax is not subtracted

  • Flag only: A note appears when total interest ÷ years is above ₹40,000.
  • No rate applied: 10% or 20% is not taken off the maturity amount.
  • No senior threshold: The comparison stays at ₹40,000.

One deposit

  • No ladder: Several maturity dates are not calculated.
  • No Section 80C: A tax-saver lock-in is not an input.
  • No post-tax yield: A 30% slab is not applied to the 7.1% default.

How this FD maturity is built

The same compound-interest formula as the result above, with n chosen in the frequency list.

Default example

  • •Inputs: ₹1,00,000, 7.1% a year, 5 years, quarterly.
  • •Maturity: Near ₹1,42,175. Interest is about ₹42,175.
  • •Formula: A = P(1 + r/n)^(nt), with n = 4 and t = 5.
  • •Flag: ₹42,175 ÷ 5 is about ₹8,435, under ₹40,000, so the note stays hidden.

Frequency values

  • •Annual: n = 1.
  • •Half-yearly: n = 2.
  • •Quarterly: n = 4. This is the starting selection.
  • •Monthly: n = 12.

Not calculated

  • ✅Payout: Interest is added back. A periodic payout FD is not a separate mode.
  • ✅Penalty: Breaking the deposit early is not modeled.
  • ✅Insurance: No cap is applied to the maturity amount.
  • ✅Rate source: 7.1% is a default, not a quoted bank rate.

Frequently Asked Questions

No. Maturity is principal plus compound interest at the selected frequency. A note appears only when total interest divided by the number of years is above ₹40,000. That note does not reduce the maturity figure, and a senior-citizen threshold is not applied.

No. The result is one deposit. Splitting a sum across several maturity dates is not calculated.

No. The formula does not apply an insurance limit, a premature-withdrawal penalty, or a senior-citizen rate.

Explore Related Tools

Car Loan EMI

Reducing-balance car-loan EMI, total interest, and total amount payable.

Try tool

Compound Interest

Future value with daily, monthly, quarterly, or annual compounding.

Try tool

Discount After Tax

Break down sale savings, tax on the reduced price, and the final amount.

Try tool

Publisher notes · reviewed 10 September 2026

Fixed-deposit maturity is issuer math, not a market forecast

An FD calculator compounds a deposit at the rate the bank prints on the receipt. Toolioz uses that rate and tenure. It does not fetch live card rates or TDS.

Compounding and premature withdrawal

Many Indian banks compound quarterly on retail FDs. If the page frequency is quarterly, n = 4 in A = P (1 + r/n)^(n t). A ₹1,00,000 deposit at 7% for 5 years quarterly is about ₹1,41,478 before tax. Annual compounding at the same 7% is about ₹1,40,255. Ask the bank which convention it uses; do not assume this tool matches every product.

Breaking an FD early usually applies a lower rate and sometimes a penalty. The maturity value shown here assumes the deposit runs to tenure. Senior-citizen extra rates are a bank discretionary add-on you must type into the rate box yourself.

Worked examples

  • TDS intuition

    Interest above a statutory threshold in a financial year can attract TDS. The maturity figure is gross unless you lower the rate. Check the current threshold on the Income Tax Department site.

Limits of this page

  • No sweep-in, no auto-renewal, no callable vs non-callable split.
  • Deposit insurance coverage is a separate DICGC question, not a formula output.

Sources