Find the maturity value and APY of a certificate of deposit or fixed deposit.
₹1,00,000 at 6.8% compounded quarterly for 3 years matures at ₹1,22,419.74. The effective yield (APY) is 6.975%.
A certificate of deposit (CD) — called a fixed deposit (FD) in India — pays a fixed rate for a fixed term. Enter the deposit, the annual rate, the term and the compounding frequency to see the maturity value, the interest earned and the APY, the true yearly yield after compounding.
Compare deposits by APY rather than the headline rate, and check the penalty for early withdrawal. Interest on FDs is taxable as income, so enter a tax rate to see the after-tax result. For deposits with regular top-ups use the Savings Calculator.
The calculator applies the standard financial formulas step by step.
| Item | Amount |
|---|---|
| Starting amount | ₹1,00,000.00 |
| Total deposits | ₹0.00 |
| Interest earned | ₹22,419.74 |
| End balance | ₹1,22,419.74 |
| Interest as a share of end balance | 18.3% |
| Annual percentage yield (APY) | 6.975% |
| Years | 5.8% p.a. | 6.8% p.a. | 7.8% p.a. |
|---|---|---|---|
| 1 years | ₹1,05,927.37 | ₹1,06,975.37 | ₹1,08,031.13 |
| 2 years | ₹1,12,206.09 | ₹1,14,437.31 | ₹1,16,707.25 |
| 3 years | ₹1,18,856.96 | ₹1,22,419.74 | ₹1,26,080.16 |
| 5 years | ₹1,33,364.74 | ₹1,40,093.85 | ₹1,47,144.69 |
| 10 years | ₹1,77,861.54 | ₹1,96,262.86 | ₹2,16,515.61 |
Annual percentage yield: the effective yearly return after compounding. It is higher than the stated rate when interest compounds more than once a year.
Banks usually compound quarterly: maturity = P(1 + r/4)^(4t).
Yes, in India it is taxed at your slab rate, and TDS may apply above certain limits. Enter a tax rate to estimate the after-tax amount.
Monthly gives slightly more at the same rate. Compare APY to see the true difference.
Banks charge a penalty — often 0.5–1% — and pay a lower rate. Check the terms.
Splitting money across CDs of different terms so some mature regularly, balancing yield and access.
It uses the standard formula: maturity = P × (1 + r/n)^(n·t) The full method and a worked example are shown on this page.
No. The calculator gives estimates for planning and learning. Real offers vary by lender, product and date, so confirm the details with your bank, lender or a qualified adviser before deciding.
Yes. The maths is identical in any currency; only the currency symbol shown in the results differs.
No. Everything is calculated in your browser and nothing you enter is uploaded or saved.
