Interest a fixed deposit pays every quarter, and in a year
Estimates only, not financial advice. What you type stays on your device. Updated on 25 Oct 2026.A non-cumulative fixed deposit pays its interest out instead of adding it on, and the quarterly option pays the most per payment because nothing is paid early. The figure is simply the deposit times the rate divided by four: ₹10 lakh at 7% pays ₹17,500 every quarter. The table shows common amounts; enter your bank’s rate and tenure below for yours.
| Deposit | Paid every quarter | In a year |
|---|---|---|
| ₹1 lakh | ₹1,750 | ₹7,000 |
| ₹5 lakh | ₹8,750 | ₹35,000 |
| ₹10 lakh | ₹17,500 | ₹70,000 |
| ₹25 lakh | ₹43,750 | ₹1,75,000 |
| ₹50 lakh | ₹87,500 | ₹3,50,000 |
| ₹1 crore | ₹1,75,000 | ₹7,00,000 |
Interest paid every quarter at 7% a year; a month is 1/12 of a year and a day 1/365. Before tax.
Estimates for information only, not financial advice. The rate is what you enter; banks count actual days, so their figure can differ by a few rupees.
| Period | Interest paid | Total interest | Deposit |
|---|---|---|---|
| Year 1 | ₹7,000 | ₹7,000 | ₹1,00,000 |
| Year 2 | ₹7,000 | ₹14,000 | ₹1,00,000 |
| Year 3 | ₹7,000 | ₹21,000 | ₹1,00,000 |
| Year 4 | ₹7,000 | ₹28,000 | ₹1,00,000 |
| Year 5 | ₹7,000 | ₹35,000 | ₹1,00,000 |
The page opens on "Paid out to me" with Every quarter selected; set the Deposit amount.
Set the Interest rate your bank offers on a quarterly-payout FD.
Enter the Tenure; each quarter pays the deposit times the rate divided by 4.
Read "Interest paid every quarter", the number of Quarterly payments and the Total interest.
The FD calculator works out what a bank fixed deposit pays. Enter the amount, the rate your bank quotes and the tenure in years, months and days. For a cumulative deposit you get the maturity value, the interest earned and the balance at the end of each year. For a payout deposit you get the interest paid to you every month or quarter and the total over the term.
Most Indian banks add interest to a cumulative FD every quarter. ₹1,00,000 at 7% for 5 years grows to about ₹1,41,478 with quarterly compounding, against ₹1,40,255 if interest were added only once a year. Senior citizens can switch on the extra rate their bank offers; the calculator adds it to the rate you enter and never assumes a bank's rate for you.
Sources: the Reserve Bank of India's directions on interest rates on deposits; the fixed deposit terms and rate cards published by banks, which state the compounding frequency and the senior citizen rate; the Income Tax Department for TDS on interest.
The rest of the article, and all 6 questions about FD Calculator, are on the FD Calculator page.
At 7% a year with interest added every quarter, ₹1,00,000 grows to about ₹1,41,478 in 5 years, so about ₹41,478 of interest. At 7.5% it would be about ₹1,44,995. Use the rate your bank quotes for that tenure, because rates differ by bank and by tenure.
Most banks add interest to a cumulative fixed deposit every quarter, so the interest earns interest. The maturity value is P × (1 + r/4)^(4 × years) for a whole number of quarters. Days left over after the last full quarter earn simple interest. Banks count actual days, so their figure can differ by a few rupees.
Interest on a monthly payout deposit is earned quarterly but paid to you every month, which is ahead of time. Banks pay a discounted amount so the three monthly payments are worth one quarter's interest: monthly interest = P × r / (12 + r). ₹1,00,000 at 7% pays about ₹580 a month rather than ₹583.
Most banks offer senior citizens an extra rate on fixed deposits, but the amount varies by bank and tenure. Switch on the senior citizen option and enter the extra your bank quotes; the calculator adds it to the rate you entered. It does not assume any bank's rate.
Formula only: no rates or limits are read from an official source.
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