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Finance
Estimate the maturity value of a bank Fixed Deposit (FD) in India, given the deposit amount, interest rate, and tenure.
A cumulative Fixed Deposit reinvests the interest it earns each compounding period instead of paying it out, so the deposit grows by the quarterly-equivalent of the annual rate every three months: balance_next = balance × (1 + quarterly rate). This calculator compounds quarterly because Indian bank FDs typically credit and compound interest quarterly, not monthly or annually — using quarterly compounding matches how most FD maturity values are actually calculated. Assumptions: the quoted interest rate stays fixed for the entire tenure (no partial-year rate resets), interest is reinvested every quarter rather than paid out (a cumulative, not a payout, FD), and the figure shown is before TDS — banks deduct tax at source on FD interest above the prescribed threshold, which is not modeled here.
Most Indian banks credit FD interest quarterly and reinvest it into the principal for cumulative FDs, so quarterly compounding closely matches the maturity value your bank statement will show.
No. Banks deduct tax at source once your annual FD interest crosses the prescribed threshold. The figure shown here is the gross maturity value before any tax deduction.
Premature withdrawal usually triggers a penalty and a lower effective rate. This calculator assumes the deposit runs the full tenure at the quoted rate.