How is FD interest calculated?

Most banks calculate FD interest with quarterly compounding. The formula is: A = P × (1 + r/n)^(n×t), where P is principal, r is annual rate, n is compounding frequency, and t is tenure in years.

Is FD interest taxable?

Yes. FD interest is fully taxable as per your income tax slab. TDS is deducted if the annual interest exceeds ₹40,000 (₹50,000 for senior citizens).

FD Calculator

Calculate returns on your Fixed Deposit. See the maturity amount based on principal, interest rate, and tenure with quarterly compounding.

Total Investment

₹

₹10000₹5,00,00,000

Rate of Interest (p.a.)

1%15%

Time Period

1Yr25Yr

Invested Amount: ₹5,00,000

Est. Returns: ₹2,07,389

Invested Amount₹5,00,000

Est. Returns₹2,07,389

Total Value₹7,07,389

How to Use

1
Enter the fixed deposit amount.
2
Set the annual interest rate.
3
Choose the tenure in years.
4
View the maturity amount and interest earned.
5
Check the pie chart for principal vs interest breakdown.

Frequently Asked Questions

About FD Calculator

What is FD Calculator?

The FD Calculator estimates the maturity amount of your Fixed Deposit investment. It uses quarterly compounding (the standard for most Indian banks) to compute how much your deposit will grow over the chosen tenure.

Why Use FD Calculator?

Fixed Deposits are one of the safest investment options offering guaranteed returns. This calculator helps you compare different FD amounts, interest rates, and tenures to find the best option for your savings goals.

How to Use

Enter the deposit amount, annual interest rate, and tenure in years. The calculator shows the maturity amount and total interest earned. A pie chart breaks down principal vs interest.

Example Usage

A Fixed Deposit of ₹5,00,000 at 7% interest for 5 years with quarterly compounding would mature to approximately ₹7,07,161, earning ₹2,07,161 in interest.

Benefits

Compare FD returns across different banks and tenures. Understand the impact of compounding on your deposits. Plan your fixed income investments effectively.

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