FD Calculator

A = P x (1 + r/n)^(n x t), where n is how often interest compounds per year. That convention differs by country: Indian banks compound quarterly, Canadian banks semi-annually, US and UK deposits typically monthly, and European term deposits annually. The calculator applies the convention for the country you've selected.

Enter your income-tax slab rate in the 'Tax on interest' field. Tax is charged on the interest, not the principal, so post-tax maturity = principal + interest x (1 - tax rate), and the post-tax rate is the effective annual rate x (1 - tax rate). A Rs 1,00,000 FD at 7% for 5 years matures to Rs 1,41,478; at a 30% slab, Rs 12,443 goes in tax, leaving Rs 1,29,034 — a post-tax rate of about 5.03% a year. In India, banks deduct 10% TDS once a bank's interest passes Rs 50,000 in a financial year (Rs 1 lakh for senior citizens), but TDS is only an advance; your slab rate decides the final tax.

Often not once tax is counted. Enter an inflation rate to see the maturity in today's money and the real rate, (1 + rate) / (1 + inflation) - 1, taken on the post-tax figures when a tax rate is set. The same Rs 1,00,000 FD at 7% for 5 years, at a 30% slab and 6% inflation, leaves Rs 1,29,034 that is worth about Rs 96,422 in today's money — a real post-tax return of about -0.91% a year.

No. Nothing is uploaded or saved — the maturity figure is worked out locally in your browser.