Fixed Deposit (FD) Calculator 2026
Calculate quarterly compounded bank FD interest earnings, cumulative maturity amount, and TDS deductions
Your money becomes
1.4×
of what you put in over 5 years.
Invested vs Interest
₹1.00 L
₹41,478
Interest is 29.3% of final value
Year-by-year breakdown
| Year | Total contributed | Interest earned | Value |
|---|---|---|---|
| 1 | ₹1.00 L | ₹7,186 | ₹1.07 L |
| 2 | ₹1.00 L | ₹7,702 | ₹1.15 L |
| 3 | ₹1.00 L | ₹8,256 | ₹1.23 L |
| 4 | ₹1.00 L | ₹8,849 | ₹1.32 L |
| 5 | ₹1.00 L | ₹9,485 | ₹1.41 L |
Growth over time
The gap between the two lines is the interest earned — and it widens every year.
The Fixed Deposit Compounding Blueprint: Quarterly Accrual & TDS Rules
Indian scheduled commercial banks calculate fixed deposit interest on a quarterly compounded basis for cumulative deposits, while non-cumulative FDs disburse interest monthly or quarterly into your savings account. Under Section 194A, banks deduct 10% TDS once annual interest exceeds ₹40,000 (₹50,000 for senior citizens).
Where P is Principal, r is Annual Interest Rate, and t is Tenure in Years.
Fixed Deposit (FD) FAQs
Clear banking and tax guidance on Indian fixed deposits.
How can I prevent TDS deduction on my fixed deposit interest?
If your total taxable income is below the basic exemption limit, you can submit Form 15G (for individuals under 60) or Form 15H (for senior citizens aged 60+) to your bank at the start of each financial year to prevent TDS deduction.
What is the penalty for premature FD withdrawal in India?
Banks typically levy a 0.5% to 1.0% interest rate penalty on premature closures, paying the effective rate corresponding to the actual duration the deposit remained with the bank minus the penalty.
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