Calculate fixed deposit maturity value with yearly, half-yearly, quarterly or monthly compounding. Instant results in ₹ lakh/crore.
How FD maturity is calculated
A Fixed Deposit earns a fixed interest rate for a fixed tenure. Banks typically compound interest quarterly; the more frequent the compounding, the slightly higher the maturity value.
M = P × (1 + r/k)^(k×t)Frequently asked questions
Is FD interest taxable?
Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct TDS above a threshold in a financial year.
Which compounding is best?
Monthly compounding gives the highest maturity for the same quoted rate, but most Indian banks compound quarterly.
Is FD safe?
Bank FDs are insured by DICGC up to ₹5 lakh per depositor per bank.
Last updated: 7 July 2026
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For illustration only — not investment advice. FinMint · MintKit