Fixed Deposit (FD) interest calculator (India)
Calculate bank Fixed Deposit (FD) maturity amount and interest earned with RBI quarterly compounding and senior citizen rates. Free.
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About this tool
Calculate fixed deposit returns across Indian public and private sector banks using standard quarterly compounding.
How to use it
- 1 Enter your fixed deposit principal amount.
- 2 Enter the deposit tenure in years or months.
- 3 Specify the bank's annual interest rate and toggle Senior Citizen if aged 60+.
- 4 View your final maturity payout, total interest earned, and effective annual yield (APY).
Questions
How much interest will ₹1 Lakh earn in 3 years at 7% FD?
With quarterly compounding, a ₹1,00,000 FD at 7.0% p.a. matures to approximately ₹1,23,144, earning ₹23,144 in interest.
How often do Indian banks compound interest on FDs?
Under RBI guidelines, Indian banks (such as SBI, HDFC, ICICI, and PNB) compound fixed deposit interest on a quarterly basis (every 3 months).
Do senior citizens get higher FD interest rates in India?
Yes. Most Indian commercial banks offer senior citizens (aged 60 and above) an extra 0.50% (50 basis points) interest rate on fixed deposits.
Is my data uploaded?
No. This tool runs in your browser, so your text and files never reach our server.
Is this tool free?
Yes. It’s free to use with no sign-up and no limits for normal use.
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