Fixed Deposit (FD) Maturity Calculator
Estimate your Fixed Deposit earnings and maturity amount based on current bank interest rates and compounding frequency.
Fixed Deposit Maturity Insights
Fds are low-risk saving instruments. Here is a breakdown of your deposit security:
Principal Amount
The initial lump sum deposited in the bank.
Total Interest Earned
The aggregate interest generated at the bank interest rate.
Maturity Value
The total cash paid back to you at the end of the term.
How is it calculated?
A = P \times (1 + \frac{r}{n})^{n \times t}Where A is Maturity Amount, P is Principal Amount, r is annual interest rate, n is compounding frequency per year (usually 4 for quarterly), and t is time in years.
Worked Examples
₹1 Lakh Fixed Deposit for 5 Years
A deposit of ₹100,000 at a 6.5% interest rate compounded quarterly for 5 years matures to ₹138,042. Total interest earned is ₹38,042.
Senior Citizen Extra Interest
Many banks offer an extra 0.50% interest rate to senior citizens. At 7.0%, a ₹1 Lakh deposit matures to ₹141,478 over 5 years.
Frequently Asked Questions
What is quarterly compounding in Fixed Deposits?
Is FD interest taxable?
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Results are estimates and should not be considered financial advice.