Fixed Deposit Maturity Calculator
Compute guaranteed maturity returns on bank fixed deposits and term accounts. Select your compounding cycle to see exact compound interest growth and total payout upon maturity.
Lump-sum capital deposited
Contractual annual deposit rate
Term duration in months
Frequency of interest compounding
Total sum payable at end of tenure
How to Use This Calculator
- Enter the initial principal sum deposited.
- Specify the annual interest rate offered by the institution.
- Enter the term tenure in months.
- Choose the compounding schedule (quarterly is standard for most retail banks).
- View your final maturity payout and total interest generated.
Formula & Calculation Methodology
Compounded interest formula where interest earned in each cycle is added to principal for subsequent cycles.
Worked Example
$10,000 fixed deposit for 3 years at 7.25% compounded quarterly
Frequently Asked Questions
Why is quarterly compounding standard for bank FDs?↓
Commercial banking regulations historically adopted quarterly compounding to standardize interbank deposit yields and passbook accounting.
Does premature withdrawal reduce fixed deposit returns?↓
Yes, withdrawing before scheduled maturity typically incurs a 0.5% to 1.0% interest rate penalty, lowering overall returns.
Is fixed deposit interest taxable?↓
In most jurisdictions, interest earned on fixed deposits is treated as ordinary taxable income and may be subject to tax withholding.
What is the difference between simple and cumulative FD?↓
Cumulative FDs reinvest interest until maturity to maximize compounding, while non-cumulative FDs pay out interest monthly or quarterly.
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Source Citation & Disclaimer
Informational tool only; not licensed tax, legal, or financial advice.