How FD interest is calculated

A fixed-deposit maturity estimate applies compound interest to a deposit amount for the selected tenure and compounding frequency.

Compounding frequency

Monthly, quarterly, half-yearly and yearly compounding apply interest at different intervals.

The maturity amount is principal plus interest earned under the selected mathematical assumptions.

Actual bank maturity may differ because of product terms, payout choices, day-count conventions and applicable conditions.

Does compounding frequency affect FD returns?

Yes. More frequent compounding can modestly increase the mathematical estimate at the same stated rate.

Is this a bank quote?

No. It is a mathematical estimate, not a quote for any bank product.

Calculations are based on the formulas and assumptions shown. Actual financial outcomes may differ.