Fixed Deposit (FD) Calculator
Calculate Fixed Deposit maturity amount and interest earned.
Principal
Interest Earned
Maturity Amount
About FD Calculator
Calculate the maturity amount for any Fixed Deposit. Enter the principal amount, annual interest rate, tenure, and compounding frequency (quarterly/monthly/annually). See total interest earned, maturity amount, and effective annual yield. Compare FD offers from different banks instantly.
Use Cases
Comparing FD interest rates across banks, planning FD investments for short-term goals, calculating interest income for tax planning, finding which compounding frequency gives the best return.
How It Works
Uses the compound interest formula A = P × (1 + r/n)^(n×t) where P is principal, r is annual rate, n is compounding frequency per year, and t is tenure in years.
Frequently Asked Questions
What is the typical FD interest rate in India?
Regular FD rates in India range from 5.5% to 7.5% per annum depending on the bank and tenure. Senior citizen FDs offer 0.25–0.5% higher rates.
How is FD interest taxed?
FD interest is added to your income and taxed at your income tax slab rate. TDS of 10% is deducted if annual interest exceeds ₹40,000 (₹50,000 for senior citizens).
What compounding frequency do Indian banks use?
Most Indian banks compound FD interest quarterly, though some compound monthly. The difference in returns is small but noticeable over longer tenures.