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Calculate the exact maturity value of your Fixed Deposit based on Indian banking standards showing quarterly compounding effects.
Formula (Quarterly Compounding)
A = P(1 + r/n)ⁿᵗ
Where n = 4 (compounded quarterly)
Maturity Amount
₹7,07,389
Guaranteed payout
Interest Earned
₹2,07,389
41.5% absolute return
Principal Amount
₹5,00,000
One-time deposit
Compound Rate
7
Annual interest
| Year | Principal | Value | Cumulative Interest |
|---|---|---|---|
| 1 | ₹5,00,000 | ₹5,35,930 | +₹35,930 |
| 2 | ₹5,00,000 | ₹5,74,441 | +₹74,441 |
| 3 | ₹5,00,000 | ₹6,15,720 | +₹1,15,720 |
| 4 | ₹5,00,000 | ₹6,59,965 | +₹1,59,965 |
| 5 | ₹5,00,000 | ₹7,07,389 | +₹2,07,389 |
Fixed Deposits compound quarterly based on standard Indian banking formulas:
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Book Free ConsultationFixed Deposits remain the most popular investment in India — over ₹180 Lakh Crore sits in bank FDs. Our calculator uses quarterly compounding (standard across Indian banks) to give you the exact maturity value. But understanding TDS, inflation impact, and 80C tax-saving FDs is equally critical.
Anyone aged 60 and above automatically gets an additional 0.50% interest rate on almost all bank FDs, alongside an enhanced ₹50,000 TDS exemption limit.
In the catastrophic event a bank defaults, your deposits (both principal + interest) are insured up to ₹5 Lakhs per bank by the RBI's DICGC.
Rather than breaking an FD prematurely and paying a penalty, you can easily take an overdraft loan up to 90% of your deposit at a rate just ~2% higher than your FD rate.
* Rates are indicative as of early 2025 and subject to change. Always verify on the bank's official website.
Under Section 80C of the Income Tax Act, you can invest up to ₹1.5 Lakhs in a special “5-Year Tax-Saving FD” to claim a deduction from your gross total income.
RBI Regulation: Bank Fixed Deposits are governed by the Reserve Bank of India's Master Direction on Interest Rate on Deposits. Banks set their own rates, but the framework is regulated by RBI. FDs are among the safest instruments in India.
DICGC Coverage: Your deposits (savings + FD + RD + current) are insured up to ₹5,00,000 per depositor per bank under the Deposit Insurance and Credit Guarantee Corporation Act, 1961. If you have more than ₹5L, spread across multiple banks.
Disclaimer: Interest rates shown are indicative and subject to change without notice. FD interest is fully taxable under Income from Other Sources. TDS rules apply per Section 194A. Always verify current rates on the bank's official portal before investing.
FDs are safe, but may not beat inflation. Compare with these alternatives: