What's the formula for FD maturity with compounding?

Maturity A = P × (1 + r/n)^(n×t), where P is principal, r is annual rate (decimal), n is compounding frequency per year, and t is tenure in years (including partial years).

How are monthly/quarterly payouts handled?

In non-cumulative deposits, interest is paid out periodically without reinvestment. We approximate payouts using simple interest P×r×t and show the periodic payout estimate.

Does this include TDS?

You can simulate TDS (with/without PAN) and thresholds for seniors/non-seniors. Actual TDS depends on bank and tax rules; consult your bank and tax advisor.

FD Interest Calculator (India)

Cumulative & non-cumulative FDs, partial tenures, APY, and optional TDS simulation. Fast, private, shareable.

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Principal (₹)

Tip: Use whole rupees; we'll format automatically.

Annual Rate (%)

Start date

Defaults to today.

Tenure

We combine years+months+days (t).

Deposit type

Compounding (if cumulative)

Senior citizen?

Simulate TDS?

Threshold ₹40k (non-senior) / ₹50k (senior) annual interest (approx.).

Enter values and press Calculate. Use cumulative for typical bank FDs; use non-cumulative for monthly income FDs.

How this FD calculator works

Enter principal (deposit), annual interest rate, and tenure (years/months/days). Choose payout type: cumulative (reinvestment) compounds the interest until maturity; non-cumulative pays monthly/quarterly/half-yearly/yearly interest to your account and may compute APY based on payout. Senior-citizen option can add a rate premium where applicable. The tool outputs maturity amount, total interest, effective annual yield (APY), and optionally estimates TDS impact.

Examples

Cumulative: ?2,00,000 at 7.25% p.a. for 2 years . maturity � ?2,31,000 (compounded quarterly; exact value depends on bank�s compounding/payout convention).

Monthly payout: ?5,00,000 at 7% p.a. monthly . interest � ?2,917/month before tax; principal remains ?5,00,000; APY differs from nominal based on payout frequency.

FAQs

What is APY?

Annual Percentage Yield reflects compounding effects and lets you compare deposits with different payout frequencies. APY = nominal rate when reinvested, equal to or lower when interest is withdrawn.

How is TDS handled?

Banks may deduct TDS when interest exceeds thresholds. This calculator provides an indicative estimate; verify with your bank and tax rules.

Is premature withdrawal supported?

This tool doesn�t model penalties for early closure. Check your bank�s policy for breakage and revised interest.

FD Interest Calculator (India)

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How this FD calculator works

Examples

FAQs