The deposit
What you put in, and the rate your bank quotes.
Five lakh
One amount, paid in at the start. Nothing is added later.
The yearly rate on the bank's card. Senior citizens are usually offered about half a per cent more.
How long you leave it
A fixed deposit is locked for the term you pick.
Your result
Fill in the fields to see what your deposit is worth.
What it matures to
₹7.11 Lakhs
₹5 Lakhs at 7.1% for 5 years matures on 23 Sept 2031, with ₹2.11 Lakhs of interest.
You put in ₹5 Lakhs. It earns ₹2.11 Lakhs of interest and is worth ₹7.11 Lakhs on 23 Sept 2031.
| Figure | Value |
|---|---|
| You put in | ₹5 Lakhs |
| Interest | ₹2.11 Lakhs |
| Worth on maturity | ₹7.11 Lakhs |
| Matures on | 23 Sept 2031 |
- Interest earned
- ₹2.11 Lakhs
- Matures on
- 23 Sept 2031
- Works out to
- 7.29% a yearwith compounding
How this is worked outShowHide
- Compounding
- on the cycle you pick above
- Each interest credit
- rounded to the rupee
- A part quarter at the end
- paid simple interest
- The rate
- fixed for the whole term
- Tax on the interest
- not deducted
Maturity value = P × (1 + r ÷ 4)4t, where P is the deposit, r the yearly rate and t the term in years. A bank's figure can differ by a few rupees, because each bank rounds its own way. A deposit that pays the interest out earns nothing on that interest, and banks usually quote a slightly lower rate for it. Interest is taxable at your slab rate, and TDS applies above ₹50,000 of interest in a year.
Illustrative projection, not advice. Nothing you enter is stored.
Year by yearShowHide
Each year of the deposit's own life, from the day it is made — not the calendar's years.
| Year to | At the start | Interest | At the end |
|---|---|---|---|
| 23 Sept 2027 | ₹5,00,000 | ₹36,457 | ₹5,36,457 |
| 23 Sept 2028 | ₹5,36,457 | ₹39,114 | ₹5,75,571 |
| 23 Sept 2029 | ₹5,75,571 | ₹41,966 | ₹6,17,537 |
| 23 Sept 2030 | ₹6,17,537 | ₹45,026 | ₹6,62,563 |
| 23 Sept 2031 | ₹6,62,563 | ₹48,309 | ₹7,10,872 |
Before you rely on these numbers
- This is an illustrative tool, not investment advice and not a recommendation to buy or sell any security or product.
- Every figure is a projection built on the assumptions shown, which you can change. Actual returns vary and can be negative.
- Returns are assumed to be steady year on year. Real markets are not, and a poor sequence of returns close to your goal changes the outcome even when the average does not.
- Figures are before tax, exit loads and fund charges, and assume every contribution is made on time.
- Nothing you type is sent anywhere. The calculation runs entirely in your browser and nothing is stored.
You May Also Like
SIP Calculator
See what a monthly SIP grows to over time, how much of the final figure is your own money, and how much is return.
Illustrative example, not advice.
SWP Calculator(Systematic Withdrawal Plan)
See whether a corpus can fund a monthly withdrawal for as long as you need it to, with the tax on each instalment, and what would be left at the end.
Illustrative example, not advice.
Home Loan EMI Calculator(Equated Monthly Instalment)
Work out the monthly EMI on a home loan, how much of what you repay is interest, and when the loan ends, with what an extra payment each month would save.
Illustrative example, not advice.
Page last updated: