Fixed Deposit (FD) Calculator
Calculate your FD maturity amount with different interest rates, tenures, and compounding frequencies. Compare returns and make informed investment decisions.
Get additional 0.5% interest rate
Maturity Amount
₹1,06,660
| Year | Principal | Interest Earned | Total Amount |
|---|---|---|---|
| Year 1 | ₹1,00,000 | ₹6,660 | ₹1,06,660 |
Consider Senior Citizen Benefit
Senior citizens get an additional 0.5% interest rate on FDs, significantly boosting returns.
Choose Quarterly Compounding
Quarterly compounding gives better returns than annual compounding due to the power of compound interest.
Tax-Saving FDs
5-year tax-saving FDs offer deductions under Section 80C up to ₹1.5 lakh, but have a 5-year lock-in.
What is a Fixed Deposit (FD)?
A Fixed Deposit is a financial instrument provided by banks which offers investors a higher rate of interest than a regular savings account, until the given maturity date. FDs are considered safe investments with guaranteed returns.
How is FD Interest Calculated?
FD interest is calculated using the compound interest formula:
Key Features of Fixed Deposits
- Guaranteed returns with capital protection
- Flexible tenure from 7 days to 10 years
- Higher interest rates for senior citizens
- Loan facility available against FD
- Tax-saving FDs eligible for Section 80C deduction
- Premature withdrawal allowed with penalty
Tax Implications
Interest earned on FDs is taxable as per your income tax slab. TDS of 10% is deducted if interest exceeds ₹40,000 per year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your income is below taxable limit.
This FD calculator provides estimates based on the information you provide. Actual returns may vary depending on bank policies, compounding methods, and other factors. Interest rates are subject to change without notice. TDS and tax calculations are indicative; consult a tax advisor for accurate tax planning. Always verify FD terms and conditions with your bank before investing.