Maturity Amount₹5,75,571
Interest Earned₹75,571
Effective Yield7.29%
How This Calculator Works
Enter your principal amount, annual interest rate, and tenure. The calculator uses quarterly compounding (the standard in Indian banking) to show your maturity amount and total interest earned.
Formula: A = P × (1 + r/4)^(4×t)
Tips for Maximizing FD Returns
- Compare rates across banks before booking — even 0.25% more on ₹5 lakh makes a difference
- Senior citizens (60+) get 0.25–0.50% higher rates at most banks
- Consider laddering — split your money across multiple FDs with different tenures
- Check if your bank offers higher rates for online FD booking
Track Your FD After Booking
Once you've booked your FD, add it to RupeeTracker for automatic maturity tracking. Get a countdown to maturity, see all your FDs across banks in one dashboard, and never miss a renewal.
Frequently Asked Questions
Quarterly compounding (4 times per year), which is the standard method used by almost all Indian banks.
No — this shows gross returns. TDS of 10% is deducted if annual interest exceeds ₹40,000 (₹50,000 for seniors).
Track your FD in RupeeTracker
Add this FD and get maturity alerts.
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