Fixed Deposit (FD) Calculator
Calculate maturity value with quarterly compounding & senior citizen benefits
Presets:
Maturity Output
Total Maturity Amount
₹6,20,534
+₹1,20,534 Total Interest Earned
Principal Deposited:₹5,00,000
Total Interest Earned:₹1,20,534
Effective Annual Yield:8.04% p.a.
Quarterly Interest Payout:₹9,062 / qtr
Frequently Asked Questions
Most Indian commercial banks (SBI, HDFC, ICICI, PNB) compound FD interest quarterly (4 times a year):
A = P × (1 + r/4)^(4n).
Senior citizens (age 60+) typically receive an additional 0.50% to 0.75% per annum higher interest rate across all tenures.
Cumulative FD reinvests the interest every quarter so you receive a lump sum at maturity. Non-Cumulative FD pays interest out periodically (monthly, quarterly, or annually) for regular income.