FD Calculator
Calculate Fixed Deposit maturity amount and interest earned
Enter FD Details
Principal
₹1,00,000
Maturity Amount
₹1,41,478
Total Interest
₹41,478
Effective Rate
7.19%
Investment Breakdown
Principal (70.7%)Interest (29.3%)
Simple vs Compound Interest
Simple Interest₹35,000
Compound Interest₹41,478
Extra Earnings (Compounding)+₹6,478
Year-wise Breakdown
| Year | Opening | Interest | Closing |
|---|---|---|---|
| 1 | ₹1,00,000 | +₹7,186 | ₹1,07,186 |
| 2 | ₹1,07,186 | +₹7,702 | ₹1,14,888 |
| 3 | ₹1,14,888 | +₹8,256 | ₹1,23,144 |
| 4 | ₹1,23,144 | +₹8,849 | ₹1,31,993 |
| 5 | ₹1,31,993 | +₹9,485 | ₹1,41,478 |
About Fixed Deposits
FD Interest Formula
A = P(1 + r/n)^(nt)
- A = Maturity Amount
- P = Principal Amount
- r = Annual Interest Rate
- n = Compounding Frequency
- t = Tenure in Years
Key Points
- Most banks compound interest quarterly
- Senior citizens get 0.25-0.50% extra interest
- Tax is deducted at source (TDS) if interest exceeds ₹40,000
- Premature withdrawal may attract penalty