FD Calculator - Fixed Deposit Maturity & Interest Calculator
Calculate fixed deposit maturity value, quarterly compounding interest, and senior citizen bonus rates
FD Calculator (Fixed Deposit)
Calculate fixed deposit maturity amount, quarterly compounding interest, and senior citizen bonus rates.
FD Annual Growth Breakdown
| Year | Opening Principal | Interest Earned | Cumulative Interest | Year-End Balance |
|---|
What is a Fixed Deposit (FD) Calculator?
A Fixed Deposit (FD) calculator is a secure financial planning tool designed to calculate the total interest earned and overall maturity amount on term deposits placed with commercial banks, NBFCs, and post offices.
How is FD Interest Compounded?
Most retail and corporate banks calculate fixed deposit returns based on Quarterly Compounding (compounded 4 times per year). For short-term deposits under 6 months, simple interest is applied at maturity.
Special Rates for Senior Citizens
Commercial banks generally offer an additional 0.50% to 0.75% per annum higher interest rate to senior citizens (individuals aged 60 years and above). Our tool features an instant Senior Citizen toggle so you can compare standard versus senior yields in real-time.
Why Plan Your FDs With Us?
- Cumulative vs Simple Interest: Switch seamlessly between quarterly compounded cumulative growth and simple maturity payouts.
- Accurate Banking Math: Uses exact RBI and international banking quarterly interest formulas.
- Complete Schedule: View cumulative annual interest progression and download a clean CSV file for your financial records.