• English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi

Fixed Deposit (FD) Calculator

Use the slider in the fixed deposit (fd) calculator below to set your investment amount, tenure, and interest payout term to understand your fixed deposit maturity value.

Select Your Loan Type

1L 25Cr
12 60
Interest Rate
  • Invested Amount

  • Interest Earned

Maturity Value

When you invest in FD, you earn interest on the invested amount as per the prevailing interest rate. The interest keeps compounding over time till the maturity date, allowing you to grow your savings. As an investor, you must know the actual interest you earn at the end of the term, allowing you to make an informed investment decision.

But it can be cumbersome and overwhelming to calculate fd rate manually. Usage of FD calculator makes it easy & better. Fixed deposit calculator is an easy-to-use online tool that allows you to know the exact interest you earn. With fd interest calculator one can also know the total maturity value in a few clicks.

How can an FD calculator help you?

Using FD rate calculator online benefits you in more than one way. Some of the advantages of using a fd return calculator are:

Accurate results

The Mahindra Finance fixed deposit interest rate calculator uses advanced algorithm to compute the interest earned, taking into consideration factors like investment period, interest rate and deposit amount. The results you get from fixed deposit interest calculator are precise and reliable.

Easy to use

You can use the FD calculator online, which makes it convenient to use anytime and from anywhere you want. You can know the exact interest you can earn on your fixed deposit from your home, office or even while travelling, without the need to visit any branch.

Saves time

Our FD rate calculator is designed specifically to provide quick and accurate results; you can know the interest earned on FD within a few seconds. FD return calculator assists in making a well-informed decision. Also, by using our fixed deposit interest calculator, you can avoid doing complex calculations manually.


Perhaps the most important benefit of using fixed deposit calculator is that it allows you to plan your finances more effectively by giving you a clear and accurate picture of the interest you earn, and the maturity value of the deposit. Thus, you can invest and plan your goals accordingly.

The formula to calculate FD maturity amount

You can choose between two different forms of FDs: simple interest FDs and compound interest FDs. The fixed deposit calculator computes simple interest FDs using the following formula:

M= P + (P x r x t/100), where

P is the amount you deposit as the principal
The annual interest rate is denoted by r
T is the tenure

The FD return calculator uses the following formula for compound interest FD:

Where M is equal to P + P {(1 + i/100) t – 1}.

P represents the principal
I is the interest rate for every period,
and T indicates the tenure

Tax Benefits on Fixed Deposits

Regular FDs don’t provide direct tax breaks on the principal amount invested. However, there are tax implications for the interest you earn:

Tax on Interest: The interest earned on your FD is considered taxable income and gets added to your “Income from Other Sources.”

TDS Deduction: Banks deduct TDS (Tax Deducted at Source) on the interest income if it exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.

Tax-Saving FDs: These FDs offer a tax deduction on the invested amount (up to ₹1.5 lakh per year) under Section 80C, but come with a lock-in period of 5 years.

ELSS Mutual Funds: Investing in Equity Linked Saving Schemes (ELSS) through SIPs can be more tax-efficient in the long run. Long-term capital gains from ELSS held for over one year are exempt from tax (up to a certain limit).

FAQs for Fixed Deposit Calculator

How is premature FD calculated?

How is fixed deposit interest calculated?

How to use an FD calculator online?

How to calculate fixed deposit (FD) maturity amount?

How does the Mahindra Finance fixed deposit interest calculator work?

What is the minimum amount required to start an FD?

How does the fixed deposit (FD) calculator assist in future financial planning?

Is there a different fixed deposit interest rate calculator for senior citizens and tax-saving FD schemes?

Ready to grow your savings and secure your future? Choose a Fixed Deposit with Mahindra Finance today!