FD Calculator
Compute Fixed Deposit maturity amount for any bank interest rate and tenure. Choose your compounding frequency and get an instant breakdown of principal, interest, and final value.
What is a Fixed Deposit?
A Fixed Deposit (FD) is a savings instrument offered by banks and NBFCs where you deposit a lump sum for a predetermined tenure at a fixed interest rate. Unlike savings accounts, FD rates do not fluctuate during the tenure, giving you predictable, guaranteed returns. FD tenures range from 7 days to 10 years, and interest rates vary based on the tenure and the issuing institution.
The maturity amount is calculated using the compound interest formula A = P(1 + r/n)^(nt), where n is the compounding frequency. Most banks compound interest quarterly, though some products compound monthly or half-yearly. Choosing a higher compounding frequency at the same nominal rate results in a slightly higher effective yield.
Interest earned on FDs is taxable as per your income tax slab. Banks deduct TDS at 10% if the interest exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). Submit Form 15G/15H if your total income is below the taxable threshold to avoid TDS deduction.
This calculator provides estimated figures for planning purposes. Actual FD returns depend on the bank's applicable interest rate and specific terms at the time of booking. TDS and tax implications are not reflected in this calculation.