What is the FD maturity for Rs 1 lakh at 7% for 3 years?

At 7% compounded quarterly for 3 years maturity is Rs 1,23,144. At annual compounding Rs 1,22,504. The difference shows why compounding frequency matters.

What is the current FD interest rate in India 2026?

April 2026: SBI 6.80-7.00%, HDFC 7.00-7.25%, ICICI 7.00-7.25%, Axis 7.10-7.25%, Small Finance Banks up to 9%, Post Office Time Deposit 7.00%. Senior citizens get 0.25-0.75% extra.

What is Effective Annual Rate EAR?

EAR is the true return after compounding. Formula EAR equals (1 plus r divided by n) raised to n minus 1. A 7% FD compounded quarterly has EAR 7.186%. Always compare EAR not nominal rates when choosing FDs.

💰 FD Rates Updated April 2026

Compound Interest Calculator India 2026

Calculate FD maturity value and savings growth. Choose compounding frequency. Compare compound vs simple interest. Shows Effective Annual Rate.

All compounding frequenciesSimple vs compound comparisonEffective rate (EAR)Shareable URL

Updated April 7, 2026 · FD rates sourced from bank websites April 2026

Compound Interest & FD Calculator

Tap preset to fill common FD scenarios

Principal Amount ₹

₹

Annual Interest Rate % p.a.

Time Period years

Compounding Frequency

⚡ FD presets — click to fill

₹1L @SBI 7% 3yr ₹5L @HDFC 7.25% 5yr ₹1L @SFB 8.5% 2yr ₹2L 1yr quarterly

Maturity Amount

—

Total at end

Interest Earned

—

Effective Rate

—

True annual return

Full Breakdown

Principal invested	—
Compound interest earned	—
Simple interest (comparison)	—
Extra over simple interest	—
Total maturity value	—
Effective Annual Rate (EAR)	—

📤 Share your result

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Compound Interest Formula & FD Rates April 2026

A = P × (1 + r/n)^(n×t)
EAR = (1 + r/n)^n − 1

P = Principal | r = Rate/100 | n = Compounding freq/year | t = Years

Verified: ₹1,00,000 at 7% quarterly for 5 years → A = ₹1,41,478. EAR = 7.186%.

FD Interest Rates India — April 2026

Bank	1–2 Year FD Rate	Senior Citizen Extra
SBI	6.80–7.00%	+0.50%
HDFC Bank	7.00–7.25%	+0.50%
ICICI Bank	7.00–7.25%	+0.50%
Axis Bank	7.10–7.25%	+0.75%
Small Finance Banks	7.75–9.00%	+0.25–0.50%
Post Office Time Deposit	7.00%	N/A (govt backed)

Rates as of April 2026. Verify directly with your bank. Source: Respective bank websites · India Post.

Frequently Asked Questions

At 7% compounded quarterly for 3 years: Maturity = ₹1,23,144. Interest earned = ₹23,144. At annual compounding: ₹1,22,504 — ₹640 less. This shows why compounding frequency matters even at the same rate.

Simple interest only earns on the original principal. Compound interest earns on principal plus accumulated interest. On ₹1 lakh at 7% for 5 years: simple interest = ₹35,000; quarterly compound = ₹41,478 — extra ₹6,478 at no additional cost.

SBI: 6.80–7.00%, HDFC: 7.00–7.25%, ICICI: 7.00–7.25%, Axis: 7.10–7.25%. Small Finance Banks offer up to 9.00%. Senior citizens get 0.25–0.75% extra. Post Office Time Deposit: 7.00% (government-backed). Always verify directly with your bank.

Most Indian banks compound FD interest quarterly (4 times per year), which is the default in this calculator. Monthly compounding earns slightly more. Always select quarterly for standard Indian bank FD calculations unless your bank specifies otherwise.

EAR is the true annual return after accounting for compounding frequency. Formula: EAR = (1+r/n)^n - 1. A 7% FD compounded quarterly has EAR = 7.186%. A 7% FD compounded monthly has EAR = 7.229%. Always compare EAR, not nominal rate, when choosing between FDs.

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