Fixed Deposit Calculator — Calculate FD Returns
Calculate FD maturity amount and interest. Free online fixed deposit calculator — enter principal, rate and tenure.
How to Use
- Enter your FD principal (deposit) amount using the slider.
- Set the annual interest rate offered by your bank.
- Enter the tenure in years and select the compounding frequency — results update instantly.
Formula
Maturity Amount = P × (1 + r/n)^(n×t)
Where: P = Principal | r = Annual Rate / 100 | n = Compounding frequency per year | t = Tenure in years
Example Calculation
Example: ₹1,00,000 FD at 7% p.a. for 3 years (quarterly compounding)
| Parameter | Value |
|---|---|
| Principal | ₹1,00,000 |
| Rate | 7% p.a. |
| Tenure | 3 years |
| Compounding | Quarterly |
| Interest Earned | ₹23,144 |
| Maturity Amount | ₹1,23,144 |
Frequently Asked Questions
Yes. FD interest is fully taxable as per your income tax slab. Banks deduct 10% TDS if interest exceeds ₹40,000 per year (₹50,000 for senior citizens).
Yes, most banks allow premature withdrawal but with a penalty of 0.5–1% on the interest rate.
Small finance banks and NBFCs typically offer higher FD rates (7–9%) compared to major PSU banks. Always check the DICGC insurance limit of ₹5 lakh.
DICGC insures bank deposits up to ₹5 lakh per depositor per bank, including both principal and interest.
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