Guaranteed Savings
Fixed Deposit (FD) Calculator
Fixed deposits in Indian scheduled commercial banks compound interest on a quarterly basis. Compute your cumulative interest yield, total maturity proceeds, and plan safe term deposits.
Deposit Parameters Quarterly Compounding
Senior citizens typically receive an additional 0.50% interest rate across most Indian banks.
Maturity Summary
Total Maturity Amount
₹ 2,47,947
Initial Principal Amount:
₹ 2,00,000
Total Interest Earned:
₹ 47,947
RBI Compounding Formula for Fixed Deposits
A = P × (1 + (r / 400))^(4 × t)
Where: A = Maturity Amount, P = Principal Deposit, r = Annual Interest Rate, and t = Tenure in years.