FD Calculator
FD Calculator
Calculate the maturity value of your Fixed Deposit. Enter the deposit amount, interest rate and tenure to see exactly how much your FD will grow with quarterly compounding.
Uses quarterly compounding, the standard for bank FDs in India. TDS may apply on interest above the threshold.
How to use the FD calculator
- Enter your deposit amount, the bank’s interest rate and the tenure.
- Click Calculate to see interest earned and maturity value.
FD formula
Maturity = P × (1 + r/4)4n, where P is the principal, r the annual rate and n the years. Indian banks compound FD interest quarterly.
Tips for better FD returns
- Compare rates across banks and NBFCs — small differences compound over years.
- Senior citizens typically get 0.25–0.50% extra interest.
- Laddering FDs across tenures keeps liquidity while capturing higher long-term rates.
Frequently asked questions
Is FD interest taxable? Yes — interest is added to your income and taxed at your slab rate; TDS applies above the threshold.
Can I break an FD early? Yes, but banks usually charge a premature-withdrawal penalty of around 1%.
What tenure gives the best rate? It varies by bank; check current special-tenure offers before booking.