FD Calculator
Calculate the maturity value and total interest earned on your Fixed Deposit (FD) based on deposit amount, interest rate, and tenure.
Results
| Maturity Amount | |
|---|---|
| Total Interest Earned | |
| Principal Invested |
What is a Fixed Deposit (FD)?
A Fixed Deposit is a savings instrument offered by banks and NBFCs where you invest a lump sum for a fixed tenure at a pre-agreed interest rate. The interest is usually compounded quarterly and paid out at maturity along with the principal.
FD maturity formula used
Maturity Amount = P × (1 + r/n)^(n×t), where P is the principal amount, r is the annual interest rate, n is the compounding frequency per year, and t is the tenure in years.
How to use this tool
- Enter the amount you plan to deposit.
- Enter the annual interest rate offered by your bank.
- Enter the tenure in years and select the compounding frequency, then click Calculate.
Frequently Asked Questions
Is FD interest taxable in India?
Yes, FD interest is fully taxable as per your income tax slab. Banks also deduct TDS if annual interest exceeds the prescribed threshold under the Income Tax Act.
What compounding frequency do most Indian banks use for FDs?
Most Indian banks compound FD interest quarterly, though some offer monthly or annual compounding options depending on the scheme.
Can I withdraw an FD before maturity?
Yes, most FDs allow premature withdrawal, but banks usually charge a penalty of 0.5%-1% on the applicable interest rate.
Is FD a good investment compared to other options?
FDs are considered low-risk and offer guaranteed, fixed returns, making them suitable for capital preservation, though returns are typically lower than market-linked instruments like mutual funds over the long term.
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