FD Calculator
Our FD Calculator computes your Fixed Deposit maturity amount, total interest earned, and effective annual yield. Supports both simple and compound interest calculations with quarterly/monthly/annual compounding options.
FD Compound Interest Formula
A = P × (1 + r/n)^(n×t) Where: A = Maturity amount P = Principal r = Annual interest rate n = Compounding frequency per year t = Tenure in years
Examples
₹1 Lakh, 7% for 5 years
Result: Maturity: ₹1,41,478 | Interest: ₹41,478
Quarterly compounding gives better returns than simple interest.
₹5 Lakh, 6.5% for 3 years
Result: Maturity: ₹6,04,706 | Interest: ₹1,04,706
A ₹5 lakh FD at 6.5% earns over ₹1 lakh in interest.
Senior Citizen FD
Result: Maturity: ₹2,48,612 | Interest: ₹48,612
Senior citizens often get 0.5% extra on FD rates.
Frequently Asked Questions
What is a Fixed Deposit?
A Fixed Deposit is a savings instrument where you deposit a lump sum for a fixed period at a predetermined interest rate.
Is FD interest taxable?
Yes. FD interest is taxable as per your income tax slab. TDS is deducted at 10% if interest exceeds ₹40,000/year (₹50,000 for seniors).
What is the typical FD interest rate in India?
As of 2024, major banks offer 6.5–7.5% for regular FDs and 7–8% for senior citizens, depending on tenure.