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Calculate bank Fixed Deposit (FD) maturity amounts with quarterly compounding, interest earned, and senior citizen interest rate boosts (+0.5%).
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Finance & Wealth
Calculate bank Fixed Deposit (FD) maturity amounts with quarterly compounding, interest earned, and senior citizen interest rate boosts (+0.5%).
Enter your deposit amount, interest rate, and tenure. The calculator computes your maturity value based on the compounding frequency (typically quarterly for Indian bank FDs).
Calculate Fixed Deposit maturity returns, quarterly interest, and senior citizen boost. Yuitility keeps the workflow fast and focused, so you can complete the job without creating an account.
So you can check the result rather than take it on trust.
M = P × (1 + i ÷ 4)^(4 × n)
₹1,00,000 for 5 years at 7%.
Maturity ₹1,41,478, versus ₹1,40,255 if the same rate compounded annually.
Quarterly compounding is worth ₹1,223 on this deposit — small, but it is the reason a calculator using annual compounding will always quote you slightly less than your bank does. Check which convention any comparison is using.
FD interest is taxable as income at your slab rate in the year it accrues, and TDS may be deducted before it reaches you. A 7% FD in the 30% bracket is closer to 4.9% after tax — which changes how it compares to alternatives.
Breaking an FD usually applies the rate for the period actually completed, minus a penalty, not the contracted rate. The maturity figure only holds if you hold to term.
Frequently asked questions about calculation formulas, privacy, and usage.
Most Indian banks compound FD interest quarterly, though this varies - check your specific bank's terms, since monthly vs quarterly compounding changes your maturity value.
Yes, in India, FD interest is added to your taxable income and taxed at your applicable slab rate, with TDS deducted by the bank if interest exceeds the threshold.
Cumulative FDs reinvest interest and pay out the full amount at maturity; non-cumulative FDs pay interest periodically (monthly/quarterly) as income instead.
Yes, it works for standard resident FDs as well as NRE and NRO fixed deposits.
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Open the emi calculatorSee every tool in Finance & Wealth, or browse all Yuitility tools.
Total Interest Earned: $48,109
