Period-wise breakdown
| Period | Opening | Interest | Closing / Payout |
|---|
What this FD calculator does
This tool helps you estimate how your fixed deposit grows based on the deposit amount, interest rate, tenure, compounding frequency, and payout preference. You can compare reinvest till maturity vs monthly/quarterly interest payouts, add an optional tax rate to see post‑tax interest, and even export a period‑wise breakdown to CSV for records.
How to use it effectively
- Enter the deposit amount, annual rate, and tenure (years + months).
- Pick a compounding frequency. If you use a payout option, the interest is paid periodically.
- Optionally enter a TDS/tax rate to see post‑tax numbers.
- Hit Calculate. Turn on Breakdown to audit each period.
- Use Share Settings to copy a link with your inputs prefilled.
Who benefits
New savers validating bank quotes, retirees comparing monthly payout vs reinvestment, and investors optimising laddered FDs. This calculator is designed to be quick for mobile users and transparent for power users who want a breakdown or downloadable CSV.
Example (illustrative)
Suppose you deposit Rs.1,00,000 at 7.25% p.a. for 2 years and 6 months, compounding quarterly, with no TDS. Compare the two styles:
- Reinvest till maturity: You get a higher maturity value because interest is compounded.
- Monthly payout: You receive interest every month, which helps cash flow but the principal at maturity remains the original deposit.
Common problems & quick fixes
- “My bank’s number is slightly different.” Banks use different compounding rules, value dates, rounding, and day‑count conventions. Match their compounding frequency and payout mode; minor differences are normal.
- “Why is post‑tax interest lower than expected?” If you enter a TDS/tax %, that percentage is applied on the interest; net interest will drop accordingly.
- “What should I pick: payout or reinvest?” Reinvest aims for a higher maturity value; payout supports regular income. Choose based on your cash flow needs.
- “Error on inputs.” Ensure months are 0–11 and numeric fields are positive. The calculator validates and highlights issues.
Tips to compare FDs smartly
- Use the Effective Annual Yield to compare different banks and compounding frequencies on equal footing.
- Check whether senior‑citizen rates apply; they are often higher.
- If you need monthly income, focus on payout options; if not, reinvest can grow faster over time.
FAQs
Does the calculator support monthly and quarterly payouts?
Yes. Choose a payout mode to see total interest paid out and the principal returned at maturity.
Why is maturity value different from interest payout mode?
Because payouts distribute interest during the tenure, while reinvestment compounds it inside the FD.
Can I include tax?
Enter a TDS/tax percentage to see post‑tax interest. Tax rules vary; confirm with your advisor.
What’s the compounding frequency?
How often interest is added back to the deposit for reinvestment. Common choices: quarterly or yearly.
Is this calculator accurate for all banks?
It follows widely used calculation methods. Small differences can occur due to bank‑specific policies.
Can I download the period-wise breakdown?
Yes, use the “Download CSV” button after calculation.
Disclaimer
This tool is for education and planning. Rates and policies differ by institution and change over time. Always verify with your bank. This is not financial advice.
Please do not enter any spam link in the comment box.