FD Calculator
Quarterly compounding, the way Indian banks actually do it — with a year-by-year growth table.
Calculators
Reinvest grows the deposit. Monthly payout means simple interest — you get it as income every month.
Most banks add 0.50% for age 60+.
For promotional/special rates on top.
Most banks quote "7%" but compound quarterly — the effective annual yield is slightly higher (shown in results). TDS applies on interest above ₹40,000/year (₹50,000 for seniors) unless you file 15G/15H. Final figures vary by bank.
How it works
Enter details
Amount, rate, years — add senior boost or promo rate in Advanced if applicable.
Compare modes
Switch between reinvest and monthly payout — the difference is shown in plain ₹.
Track the growth
The year-by-year table shows the deposit snowballing quarter by quarter.
FD Calculator — FAQ
What's the difference between the two payout modes?
Reinvest: interest stays in the FD and compounds quarterly — bigger maturity, nothing in your pocket meanwhile. Monthly: interest is paid out as income (simple interest), maturity returns only your original deposit.
Why is the effective rate higher than 7%?
Because of quarterly compounding — 7% nominal divided by 4, applied 4 times a year, snowballs slightly. 7% quarterly ≈ 7.19% effective. Small number, but it's real and it's yours.
Is FD interest taxable?
Yes — fully taxable at your slab rate, and TDS kicks in above the thresholds noted above. Submit 15G/15H if your income is below the taxable limit. This page shows pre-tax figures.
Cumulative vs non-cumulative FD — which is this?
"Cumulative" = the reinvest mode here (interest compounds, paid at maturity). "Non-cumulative" = monthly payout mode (interest as periodic income). Banks offer both under the same rate card — the table shows you exactly what each does to your money.