Official Tool
Fixed Deposit (FD) Calculator
Calculate maturity amount and compound interest earned on bank fixed deposits across quarterly or cumulative compounding.
₹5,00,000
₹10,000₹25 Lakh₹50 Lakh
7.25%
3%7.5% (Bank Standard)12%
Total Maturity Amount
₹7,16,130
Principal Deposit₹5,00,000
Total Interest Earned+₹2,16,130
Principal: 70%Interest: 30%
How Bank Fixed Deposits (FD) Work & Taxation Rules
A Fixed Deposit (FD) is a secure financial investment offered by commercial banks and NBFCs where an investor deposits a lump sum amount for a fixed maturity period at a predetermined interest rate.
Cumulative vs Non-Cumulative FD
- Cumulative FD: Interest earned is reinvested quarterly and paid out along with the principal upon maturity. Ideal for wealth accumulation.
- Non-Cumulative FD: Interest is paid out regularly (monthly, quarterly, or yearly) directly into your savings account. Ideal for retirees seeking periodic cash flow.
Frequently Asked Questions
Are bank fixed deposits insured against bank collapse?
Under the Deposit Insurance and Credit Guarantee Corporation (DICGC), cumulative deposits up to ₹5,00,000 (inclusive of principal and accrued interest) per depositor per registered commercial bank are guaranteed by the Reserve Bank of India.