FD Calculator
Find the maturity amount and interest earned on a fixed deposit, with quarterly compounding as most Indian banks use.
How to use the FD Calculator
Enter the deposit amount, the interest rate the bank offers and the tenure in years and months. Banks in India usually compound FD interest every quarter; change it if your scheme differs.
The result is before tax. FD interest is added to your income and taxed at your slab rate, and banks deduct TDS above a yearly limit.
Frequently asked questions
How is FD maturity calculated?
A = P × (1 + r/k)^(k × t), where P is the deposit, r the yearly rate as a decimal, k the number of times interest compounds each year and t the tenure in years.
Is FD interest taxable?
Yes. It is added to your total income and taxed at your slab rate.
Do senior citizens get a higher rate?
Most banks pay senior citizens a little more, often around 0.5% extra. Enter the rate your bank quotes you.
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