FD calculator: the maturity value and interest on a fixed deposit for any tenure.
Enter the amount, your bank's rate and the tenure. Choose how the bank compounds interest: most bank cards show quarterly compounding for longer deposits, while short deposits often earn simple interest. The Post Office Time Deposit compounds quarterly and pays interest yearly. Compare today's rates in our bank FD rates tracker.
Tenure in days is counted on a 365-day year. Banks deduct TDS on interest above the threshold and may round differently; the bank's own statement is final.
Questions
How is FD interest calculated?
With compounding, maturity = amount × (1 + rate ÷ n)n × years, where n is the number of compounding periods a year. With simple interest, interest = amount × rate × years.
Which bank pays the highest FD rate?
See the FD rates tracker, which lists the highest general and senior-citizen rate of each major bank from its own rate card.
More money tools: small savings interest rates, bank FD rates and all calculators and trackers.