How FD interest is calculated
A = P × (1 + r ÷ k)k × t
₹1 lakh at 7% for 5 years with quarterly compounding matures at about ₹1,41,478. Because interest compounds every quarter, the effective yearly return is about 7.19%, not 7%.
Reverse: how much to deposit today
To get ₹5 lakh in 5 years at 7% compounded quarterly, deposit about ₹3,53,412 today. You can also solve for the rate or the time needed.
Frequently asked questions
Is my FD safe?
DICGC insures up to ₹5 lakh per depositor per bank, including principal and interest.
What if I break the FD early?
Banks usually pay the rate for the period the FD actually ran, minus a penalty, so you get less than this calculator shows.
More calculators: EMI calculator · SIP & Lumpsum calculator · GST calculator · In-hand Salary calculator · Policy Return calculator