FD Calculator - Fixed Deposit Returns

Initial Deposit ₹

Interest Rate % p.a.

Time Period Years

Compounding Frequency

Senior Citizen (Extra 0.5%)

Maturity Amount

₹1,41,478

Principal Amount ₹1,00,000

Total Interest ₹41,478

Check Latest FD Rates

Allocation Breakup

Principal

Interest

What is a Fixed Deposit (FD)?

A Fixed Deposit is a financial instrument provided by banks and NBFCs which offers investors a higher rate of interest than a regular savings account, until a given maturity date. It is considered one of the safest investment options in India.

How FD Interest is Calculated

The interest on a Fixed Deposit is calculated using the compound interest formula:

A = P(1 + r/n)^(nt)

Where:

A: Maturity Amount
P: Principal / Initial Deposit
r: Annual interest rate (as a decimal)
n: Number of times interest is compounded per year
t: Time period in years

Example:

If you deposit ₹1 Lakh for 5 years at a 7% interest rate with quarterly compounding, your maturity amount will be ₹1,41,478. Your total interest earned will be ₹41,478.

FAQs

Is the interest on FD taxable?

Yes, FD interest is fully taxable as per your income tax slab. Banks deduct 10% TDS if the annual interest exceeds ₹40,000 (₹50,000 for senior citizens).

Fixed Deposit (FD) Calculator