Fixed Deposit (FD) Calculator
Enter your deposit, rate, and tenure to see the maturity value, the interest earned, and how it's actually compounded quarter by quarter.
Your numbers
₹
%/yr
Bank FD rates are usually 6.5%–7.5%/yr as of writing; check your bank's current rate.
months
Result — with the workings shown
Maturity value
₹2.3 L
after 24 months
Interest earned
₹30,228
How this is worked out
Indian bank FDs compound quarterly, not annually. On ₹2,00,000 at 7.1%/yr for 24 months (8 quarters), that's ₹2,00,000 × (1 + 7.1%/4) ^ 8 = ₹2.3 L at maturity — ₹30,228 of that is interest.
Principal · ₹2,00,000Interest · ₹30,228