Maturity calculator · India
FD Calculator — Fixed Deposit Maturity & Interest
An FD calculator projects what a fixed deposit is worth at maturity. Enter the amount, the rate you have been quoted, and the tenure, and it returns the maturity value, total interest and the effective annual yield. Indian banks compound term deposits quarterly by default, which is why a 7.00% FD actually yields 7.19% a year. This is the growth calculation — for the cost of closing a deposit early, use the FD break calculator.
Calculate maturity value
Figures are gross of TDS. If interest from one bank exceeds ₹50,000 in a financial year (₹1,00,000 for senior citizens), the bank deducts 10% TDS under Section 194A unless you file Form 15G or 15H.
What ₹1 lakh, ₹5 lakh and ₹10 lakh grow to at 7.00%
| Tenure | ₹1,00,000 | ₹5,00,000 | ₹10,00,000 |
|---|---|---|---|
| 1 year | ₹1,07,186 | ₹5,35,930 | ₹10,71,859 |
| 2 years | ₹1,14,888 | ₹5,74,441 | ₹11,48,882 |
| 3 years | ₹1,23,144 | ₹6,15,720 | ₹12,31,439 |
| 5 years | ₹1,41,478 | ₹7,07,389 | ₹14,14,778 |
One-year FD rates across 24 Indian banks
Card rates used by the break calculator for each tenure bucket, sorted by the one-year rate. Senior citizens typically earn an additional 0.50%.
| Bank | 1 year | 2 years | 3 years |
|---|---|---|---|
| Shriram Finance FD | 9.40% | 9.40% | 9.40% |
| Equitas Small Finance Bank | 8.50% | 8.00% | 7.75% |
| Jana Small Finance Bank | 8.25% | 7.75% | 7.50% |
| Bajaj Finance FD | 8.10% | 8.35% | 8.35% |
| RBL Bank | 8.00% | 7.50% | 7.50% |
| AU Small Finance Bank | 8.00% | 7.50% | 7.25% |
| IndusInd Bank | 7.75% | 7.25% | 7.25% |
| Yes Bank | 7.75% | 7.75% | 7.00% |
| IDFC First Bank | 7.75% | 7.25% | 7.00% |
| Federal Bank | 7.40% | 7.20% | 7.10% |
| Axis Bank | 7.20% | 7.10% | 7.10% |
| Kotak Mahindra Bank | 7.10% | 7.00% | 6.70% |
| HDFC Bank | 7.00% | 7.00% | 7.00% |
| ICICI Bank | 6.90% | 7.00% | 6.90% |
| Post Office Time Deposit | 6.90% | 7.00% | 7.10% |
| SBI | 6.85% | 7.00% | 6.50% |
| Bank of Baroda | 6.85% | 7.00% | 6.80% |
| Canara Bank | 6.85% | 6.85% | 6.70% |
| Bank of India | 6.80% | 6.80% | 6.70% |
| IDBI Bank | 6.80% | 6.80% | 6.75% |
| Punjab National Bank | 6.75% | 6.75% | 6.50% |
| Central Bank of India | 6.75% | 6.75% | 6.75% |
| Indian Bank | 6.75% | 6.75% | 6.75% |
| Union Bank of India | 6.70% | 6.80% | 6.70% |
Indicative, last verified October 2026. Confirm the rate on the day you book.
Frequently asked questions
Maturity value uses compound interest: A = P(1 + r/n)^(nt), where P is the principal, r the annual rate as a decimal, n the number of compounding periods per year and t the tenure in years. Indian banks compound quarterly by default, so n = 4. A ₹1,00,000 deposit at 7.00% for one year compounds to about ₹1,07,186.
An FD calculator projects the maturity value if you hold the deposit to term. An FD break calculator works out what you receive if you close it early, after the bank downgrades the rate and deducts its penalty. Use this page to plan a deposit and the FD break calculator to price an early exit.
No — it shows gross maturity value. Banks deduct TDS at 10% when interest from a single bank exceeds ₹50,000 in a financial year, or ₹1,00,000 for senior citizens, under Section 194A. Your final credit will be lower by that amount unless you have filed Form 15G or 15H.
Most Indian banks compound term deposit interest quarterly. Some NBFCs and corporate deposits compound monthly, and Post Office Time Deposits compound annually. The compounding frequency changes the effective yield: 7.00% compounded quarterly is an effective 7.19% per year.
Most Indian banks pay senior citizens an additional 0.50% on term deposit rates, and some small finance banks pay 0.75%. The boost applies to the card rate for the tenure you book, so it compounds into the maturity value.
Related tools
Bank penalty rules last verified . Always confirm the current terms with your bank before closing a deposit.