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Calculate maturity amount and quarterly compound interest on Bank Fixed Deposits.
Maturity at 7% p.a. (Quarterly compounded)
Calculations follow official federal and central bank guidelines (IRS, RBI), statutory tax provisions, and standardized actuarial compounding.
Why our math is exact vs other portals →Detailed year-wise principal vs interest timeline
| Period | Invested Amount | Gains / Interest | Total Portfolio Value |
|---|---|---|---|
| Year 1 | $500,000 | $35,930 | $535,930 |
| Year 2 | $500,000 | $74,441 | $574,441 |
| Year 3 | $500,000 | $115,720 | $615,720 |
| Year 4 | $500,000 | $159,965 | $659,965 |
| Year 5 | $500,000 | $207,389 | $707,389 |
The FD Calculator (Fixed Deposit) is built to eliminate financial ambiguity by applying exact Indian financial mathematics rather than generic, oversimplified online estimates.
Whether evaluating interest liability on bank credit, calculating compounding acceleration on systematic investments, or forecasting net post-tax maturity values, accurate forecasting ensures you never misjudge your cash flow or long-term corpus.
Indian commercial banks compound Fixed Deposit interest on a quarterly basis.
Flat monthly or annual compounding estimates
Official RBI quarterly compounding [A = P(1+r/400)^4t] for bank FDs and sovereign 15-year statutory PPF rules.
In India, retail lending follows RBI guidelines on reducing balance compounding and External Benchmark Linked Lending Rates (EBLR/RLLR). Fixed deposits follow RBI quarterly compounding mandates, while mutual fund equity investments adhere to SEBI NAV timing and post-Budget 2024 capital gains tax provisions (12.5% LTCG over ₹1.25L).
₹5,00,000 deposited for 5 years at 7.0% interest.
Maturity value = ₹7,07,389. Total interest earned = ₹2,07,389.
Benchmark guaranteed returns, taxation rules, and sovereign safety across India's premier savings instruments.
| Scheme Name | Current Interest Rate | Tenure / Lock-in | Tax Treatment | Safety Guarantee |
|---|---|---|---|---|
| Bank Fixed Deposit (FD) | 6.80% - 7.50% | 7 days to 10 years | Interest fully taxable at slab rate | DICGC Insured up to ₹5 Lakh |
| Public Provident Fund (PPF) | 7.10% (Tax Free) | 15 years lock-in | Exempt-Exempt-Exempt (EEE Status) | Sovereign 100% Guaranteed |
| Employees' Provident Fund (EPF) | 8.25% | Until retirement | Tax-free up to ₹2.5L employee contrib | Sovereign EPFO Managed |
| National Pension Scheme (NPS) | 9.5% - 11.5% (Market) | Up to age 60 | Extra ₹50k deduction under 80CCD(1B) | PFRDA Regulated |
Yes, interest earned on fixed deposits is fully taxable according to your income tax slab. Banks deduct 10% TDS under Section 194A if annual interest exceeds ₹40,000 (₹50,000 for senior citizens).
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