FD Calculator
Calculate maturity value and interest earned on your bank fixed deposit.
Interest Earned
₹41,478
Maturity Value
₹1,41,478
How to Use This Calculator
1. Enter the deposit amount you plan to invest in the FD.
2. Enter the annual interest rate offered by your bank.
3. Select the compounding frequency and tenure to see the maturity value.
Formula & Explanation
Fixed deposits use the standard compound interest formula:
A = P × (1 + r/n)^(n×t)
Most Indian banks compound FD interest quarterly. Senior citizens typically get 0.25%-0.50% higher rates.
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Compare interest rates from leading Indian banks and NBFCs before you decide. (Affiliate partner offers coming soon.)
Frequently Asked Questions
Most Indian banks compound fixed deposit interest quarterly, though some offer monthly or annual compounding options depending on the scheme.
Yes, FD interest is fully taxable as per your income tax slab. Banks deduct TDS if interest income exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.
Yes, premature withdrawal is allowed but usually attracts a penalty of 0.5%-1% reduction in the applicable interest rate.
Yes, most banks offer an additional 0.25% to 0.50% interest rate on fixed deposits for senior citizens.
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