Fixed Deposit Maturity Calculator
Calculate a fixed deposit's maturity amount, interest earned, and estimated maturity date, with a comparison across different tenure lengths.
$
% p.a.
years
Compounding Frequency
Maturity Amount
$12,820
Around August 2031
Principal
$10,000
Interest Earned
$2,820
Maturity Value at Different Tenures
Same principal of $10,000 at 5% per annum, compounded quarterly.
| Tenure | Maturity Amount | Interest Earned |
|---|---|---|
| 1 year | $10,509 | $509 |
| 3 years | $11,608 | $1,608 |
| 5 years | $12,820 | $2,820 |
| 10 years | $16,436 | $6,436 |
How the Fixed Deposit Maturity Date and Amount Are Calculated
This calculator focuses on the two numbers that matter most when you open a fixed deposit: the exact maturity amount you'll receive and roughly when it lands. Enter the principal, the annual interest rate, the tenure, and how often interest compounds. The calculator applies compound interest across the tenure and also projects the maturity date from today, plus a side-by-side comparison of what the same deposit would be worth at a few common tenures.
P = principal, r = annual interest rate, n = compounding frequency per year, t = tenure in years
Example
Depositing $10,000 for 5 years at 5% annual interest, compounded quarterly, matures to roughly $12,834 — earning about $2,834 in interest. Extending the same deposit to 10 years at the same rate nearly doubles the interest earned, since compounding has more time to work.
Common Use Cases
- Finding out exactly when and how much a fixed deposit will pay out at maturity.
- Comparing how maturity value changes across different tenure lengths before committing funds.
- Planning a lump-sum goal, like a down payment, around a specific maturity date.
- Understanding how compounding frequency affects the final payout.
FAQs
How is the maturity date estimated?
The calculator adds the tenure — in whole years and remaining months — to today's date. Your actual bank-issued maturity date will be based on the exact date you open the deposit, not today, so treat this as an approximate planning reference.
Why does maturity value grow faster over longer tenures?
Compound interest earns returns on previously accumulated interest, not just the original principal. The longer the money stays deposited, the more compounding cycles occur, so the growth accelerates rather than staying linear.
Are the maturity figures shown before or after tax?
These are pre-tax figures. Banks may deduct tax at source on interest earned above an exemption threshold, and interest income is generally taxable per your applicable tax bracket.