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Savings account or fixed deposit: where should your money sit?
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FD calculator
The maturity value of a cumulative fixed deposit, where interest is added to the deposit and paid out at the end.
Result
Maturity value after 5 years
₹1,41,477.82
- Deposit
- ₹1,00,000
- Interest earned
- ₹41,477.82
- Effective yearly yield
- 7.19%
Deposit and interest, year by year
Each bar is the deposit's value at the end of that year.
Value over time
| After | Interest to date | Value |
|---|---|---|
| 1 year | ₹7,185.90 | ₹1,07,185.90 |
| 2 years | ₹14,888.18 | ₹1,14,888.18 |
| 3 years | ₹23,143.93 | ₹1,23,143.93 |
| 4 years | ₹31,992.94 | ₹1,31,992.94 |
| 5 years | ₹41,477.82 | ₹1,41,477.82 |
How this is calculated
A = P × (1 + r ÷ f)^(f × t)
- P = deposit
- r = yearly rate
- f = times interest is compounded a year
- t = tenure in years
Assumptions and limits
- Cumulative deposit: interest is reinvested, not paid out monthly or quarterly.
- A tenure that isn't a whole number of compounding periods is compounded proportionally. Banks count days, so their figure can differ by a few rupees.
- Interest is shown before tax. FD and RD interest is taxed at your slab rate, and banks deduct TDS once yearly interest crosses the threshold for that year.
This calculator gives an educational estimate from the values you enter. It isn't personalised financial, tax or investment advice. Rates, rules and your own situation can change the result. Read the disclaimer
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