Fixed Deposit Calculator

Formatting only. This does not change the calculation.
The rate on the deposit receipt, before any senior-citizen or staff premium.
Added to the contracted rate. Banks commonly add 0.25% to 0.75% for senior citizens.
Cumulative deposits only. Indian term deposits compound quarterly by convention.
Non-cumulative deposits only.
Withholding or income tax applied to the interest, for example TDS. Use 0 for a tax-exempt deposit.
Maturity value
141,477.82
Fixed Deposit Calculator
Interest earned
41,477.82
Rate applied
7.0000 %
Term in years
5.000000
Effective annual yield
7.185903 %
Tax withheld on interest
0.00
Interest after tax
41,477.82
Maturity value after tax
141,477.82
Worked out from Compound interest identity M = P (1 + R/(100 n))^(n t), and simple interest I = P R t / 100 and 2 other sources.
Premature withdrawal, penalty interest, auto-renewal and deposit-insurance limits are outside this calculation.
No tax has been withheld. Interest on a term deposit is usually taxable; set the withholding rate that applies to you.
An estimate from the terms you enter. The contracted rate, compounding convention, payout dates, premature-withdrawal penalty, withholding and deposit-insurance position are set by your bank and tax jurisdiction — confirm the figures against the deposit receipt before relying on them.

How this is worked out

5 steps
  1. Rate applied = 7% + 0% = 7%.
  2. Term = 5 years = 5 years, giving n t = 4 x 5 = 20 compounding periods.
  3. Maturity value = P (1 + R/(100 n))^(n t) = 100000 x (1 + 7/(100 x 4))^20 = 141477.82.
  4. Interest earned = maturity - principal = 41477.82.
  5. Effective annual yield = (1 + R/(100 n))^n - 1 = 7.185903%.

Results are general information, not financial, tax, legal, medical or engineering advice.