Fixed Deposit Calculator
Calculate the maturity value of a bank fixed deposit.
Assumptions used in this calculation
- Compounding frequency: Interest is compounded quarterly, the most common convention for Indian bank FDs.India
About this calculator
Bank fixed deposits quote a simple annual interest rate, but the actual maturity value depends on how that interest compounds, and Indian banks compound FD interest quarterly rather than annually, a detail that's easy to overlook when eyeballing what a deposit will be worth at maturity. This calculator applies A = P × (1 + r/4)^(4t) to your deposit amount, interest rate and tenure, matching the quarterly-compounding convention banks actually use, so the maturity value shown lines up with what your bank's FD receipt will state rather than a simpler annual-compounding approximation that understates the real return. It's the quickest way to compare FD offers across banks with different quoted rates and tenures, or to check what a bank's own FD calculator is showing you, without needing to work through the compounding math by hand.
Worked example
₹1,00,000 at 7% for 5 years
Result: Maturity value ≈ ₹1,41,478
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