Calculate the maturity amount and interest on a cumulative fixed deposit with quarterly compounding (as used by SBI, HDFC, ICICI and other Indian banks), monthly, half-yearly or yearly compounding.
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In a cumulative (or reinvestment) fixed deposit, the interest is not paid out; it is added to your deposit and earns interest itself. That compounding is why the same rate gives you more than a payout deposit over the same period.
Enter the deposit, the interest rate and the number of years to see the maturity amount and the interest earned.
| Deposit Amount | ₹100,000 |
| Annual Interest Rate | 7% |
| Term | 5 yrs |
| Compounding | Quarterly (banks) |
| Maturity Amount | ₹1,41,478 |
| Interest Earned | ₹41,478 |
| Amount Deposited | ₹1,00,000 |
| Effective annual yield | 7.19% |
| Compounding | Quarterly (most Indian banks) |
| TDS applies if yearly interest is above | ₹50,000 (₹1,00,000 for senior citizens) |
Maturity ₹1,41,478; interest ₹41,478.
| Deposit Amount | ₹500,000 |
| Annual Interest Rate | 6.5% |
| Term | 3 yrs |
| Compounding | Quarterly (banks) |
| Maturity Amount | ₹6,06,704 |
| Interest Earned | ₹1,06,704 |
| Amount Deposited | ₹5,00,000 |
| Effective annual yield | 6.66% |
| Compounding | Quarterly (most Indian banks) |
| TDS applies if yearly interest is above | ₹50,000 (₹1,00,000 for senior citizens) |
Maturity ₹6,06,704.
Yes. Interest on fixed deposits is added to your income and taxed at your slab rate, and banks may deduct TDS above a yearly limit.
Choose cumulative to grow a lump sum. Choose payout if you want regular income from the deposit.
The more often interest is added, the higher the maturity value. Quarterly compounding gives slightly more than yearly at the same rate.
Banks compound quarterly: A = P × (1 + r/4)^(4t). ₹1 lakh at 7% for 5 years becomes ₹1,41,478.
At 7% with quarterly compounding, about ₹1,07,186 — ₹7,186 interest.