Fixed Deposit Calculator (FD)
Calculate your Fixed Deposit maturity amount and interest details instantly. Plan your investments with our accurate FD calculator.
FD Details
Ready to Calculate?
Enter your FD details
Find out your returns, maturity amount and interest earned with our easy-to-use Fixed Deposit Calculator.
Key Features of FD Calculator
Accurate Results
Precise calculation of interest and maturity amount.
Flexible Compounding
Support for Monthly, Quarterly, and Annual compounding.
Instant Exports
Download reports in PDF, CSV or PNG formats.
Understanding Fixed Deposits
A Fixed Deposit (FD) is a secure investment instrument offered by banks and non-banking financial companies (NBFCs). It offers higher interest rates compared to regular savings accounts, making it a popular choice for risk-free returns.
Benefits of FD
- Guaranteed Returns
Market fluctuations do not affect your returns.
- High Liquidity
You can withdraw prematurely with a small penalty.
- Tax Saving Options
5-year Tax Saving FDs are eligible for deductions under 80C.
How it Works
- Deposit
You deposit a lump sum amount for a fixed tenure.
- Interest
Interest accumulates at the agreed rate (simple or compound).
- Maturity
At the end of tenure, you receive the principal plus interest.
Frequently Asked Questions (FAQ)
How is FD interest calculated?
FD interest is usually compounded quarterly. The formula is A = P(1 + r/n)^(nt), where P is principal, r is rate, n is frequency, and t is time.
Is FD interest taxable?
Yes, interest earned on FD is taxable as per your income tax slab. TDS is deducted if interest exceeds ₹40,000 (₹50,000 for seniors) in a year.
Can I withdraw FD before maturity?
Yes, premature withdrawal is allowed but banks usually charge a penalty of 0.5% to 1% on the interest rate.
What is the minimum tenure for FD?
The tenure usually ranges from 7 days to 10 years depending on the bank.
How to Use the FD Calculator
- 1
Enter Principal Amount
Input the total amount you wish to invest in the Fixed Deposit.
- 2
Set Interest Rate & Tenure
Enter the annual interest rate offered by the bank and the duration of the deposit.
- 3
Choose Frequency
Select how often the interest is compounded (Monthly, Quarterly, etc.). Quarterly is standard for most Indian banks.