FD Calculator
Global FD Calculator
Determine your safe Fixed Deposit interest earnings & maturity value
Quick answer
An FD calculator finds your fixed deposit maturity value with A = P × (1 + r/n)n × t, where P is the deposit, r the annual rate, n the compounding periods per year and t the years. For example, 100,000 deposited at 7% for 5 years with quarterly compounding matures at 141,477.82, earning 41,477.82 in interest.
Our free FD calculator shows exactly how much your fixed deposit will be worth at maturity. Choose your currency from more than 20 countries, enter the deposit amount, interest rate, time period and compounding frequency, and the FD calculator gives you the maturity amount, your principal and the total interest earned.
Use it to compare bank and term deposit offers, plan short-term savings goals or decide between a fixed deposit and other investments. It runs privately in your browser.
What Is a Fixed Deposit?
A fixed deposit (FD), also called a term deposit or certificate of deposit, is a savings product where you lock in a lump sum with a bank for a fixed period at a fixed interest rate. Your rate does not change during the term, so you know in advance exactly what you will receive at maturity. Read more about time deposits and how they work.
Maturity amount A = P × (1 + r ÷ n)n × t
Interest earned = A − P
P = deposit, r = annual rate as a decimal, n = compounding periods per year (4 for quarterly), t = years
How to Use the FD Calculator
Follow these five quick steps:
Step 1: Select Your Country or Currency
Pick your currency, for example India (INR - ₹), Pakistan (PKR) or United States (USD), so results show the right symbol.
Step 2: Enter the Deposit Amount
Type the amount you plan to deposit in Total FD Principal Investment, for example 100,000.
Step 3: Enter Rate, Period and Compounding
Add the annual interest rate offered by your bank (for example 7%), the time period in years (for example 5) and the compounding frequency. Many banks compound FDs quarterly.
Step 4: Click Calculate Maturity Fund
Press Calculate Maturity Fund. The FD calculator applies the compound interest formula instantly.
Step 5: Read Your Maturity Amount and Interest
You will see the Maturity Amount, the Initial Invested Principal and the Interest Earned over the full term.
FD Calculation Example
- Inputs: 100,000 at 7% a year for 5 years, compounded quarterly.
- Rate per quarter: 7% ÷ 4 = 1.75% = 0.0175.
- Number of quarters: 4 × 5 = 20.
- Maturity: 100,000 × (1.0175)20 = 141,477.82.
- Interest earned: 141,477.82 − 100,000 = 41,477.82.
How Compounding Frequency Affects Your FD
For 100,000 at 7% for 5 years:
| Compounding | Maturity amount | Interest earned |
|---|---|---|
| Monthly | 141,762.53 | 41,762.53 |
| Quarterly | 141,477.82 | 41,477.82 |
| Half-yearly | 141,059.88 | 41,059.88 |
| Yearly | 140,255.17 | 40,255.17 |
FD Calculator Examples (Quarterly Compounding)
| Deposit | Rate | Period | Interest earned | Maturity amount |
|---|---|---|---|---|
| 50,000 | 6.5% | 1 year | 3,330 | 53,330 |
| 100,000 | 7% | 3 years | 23,144 | 123,144 |
| 100,000 | 7% | 5 years | 41,478 | 141,478 |
| 250,000 | 7.5% | 5 years | 112,487 | 362,487 |
| 500,000 | 8% | 10 years | 604,020 | 1,104,020 |
FD vs Other Savings Options
- FD vs savings account: FDs usually pay a higher rate in exchange for locking your money in.
- FD vs SIP: an FD gives a fixed, predictable return, while a SIP in equity funds can grow more over the long term but with market risk. Compare with our SIP Calculator.
- FD vs simple interest: most FDs compound interest, so you earn more than simple interest over several years. See our Simple Interest Calculator.
Things to Know Before Opening an FD
- Premature withdrawal: breaking an FD early often means a penalty or a lower rate.
- Tax on interest: FD interest is usually taxable, and some countries deduct tax at source.
- Senior citizen rates: many banks offer older customers a slightly higher rate.
- Deposit protection: check whether your country insures bank deposits and up to what limit.
- Laddering: splitting money across FDs with different maturities keeps some cash available.
Who Should Use an FD Calculator?
Savers use an FD calculator to compare rates from different banks before locking in money. Retirees use an FD calculator to plan a steady income, and anyone building an emergency fund can use the FD calculator to see how much a short-term deposit will earn.
Disclaimer
Results from this FD calculator are estimates before tax. Actual maturity values depend on your bank's exact terms, compounding method and any fees. This is not financial advice.
Frequently Asked Questions
How is FD maturity amount calculated?
Banks use the compound interest formula A = P × (1 + r/n)^(n × t). For 100,000 at 7% for 5 years compounded quarterly, the maturity amount is 141,477.82.
Is FD interest compounded monthly or quarterly?
It depends on the bank and product. Many banks compound fixed deposits quarterly, while some offer monthly or yearly compounding. Select the right option in the FD calculator.
Is FD interest taxable?
In most countries, interest from a fixed deposit is taxable income. The FD calculator shows interest before tax.
Can I withdraw my FD before maturity?
Usually yes, but banks often charge a penalty or pay a lower rate on premature withdrawals. Check your bank's terms.
Which is better, FD or SIP?
An FD offers a guaranteed rate and low risk, while a SIP in equity funds offers higher potential returns with market risk. Your choice depends on your goal, time horizon and risk tolerance.
Is this FD calculator free?
Yes. It is free, supports more than 20 currencies, needs no sign-up and works on any device.