FD Calculator

Check returns on your fixed deposits (FDs) without any hassle.

Calculators

FD Calculator Deposit

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FD Summary

Principal Amount
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Total Interest
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Maturity Value
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Fixed Deposit (FD) Calculator

A Fixed Deposit (FD) is a financial instrument provided by banks and NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date.

How does the FD Calculator work?

In India, most banks compound FD interest on a quarterly basis. The FD calculator takes your principal amount, the interest rate, and the tenure to calculate the maturity value using the compound interest formula.

A = P (1 + r/n)^(n*t)

Where:
A = Maturity Amount
P = Principal amount invested
r = Annual interest rate (in decimals)
n = Number of times interest is compounded per year (usually 4 for quarterly)
t = Tenure of the deposit in years
Example:

If you invest ₹1,00,000 in an FD for 5 years at an interest rate of 6.5% p.a. (compounded quarterly):

P = 1,00,000
r = 0.065
n = 4
t = 5

A = 1,00,000 * (1 + 0.065/4)^(4*5) = ₹1,38,041

Benefits of Fixed Deposits

  • Guaranteed Returns: FDs offer fixed, guaranteed returns irrespective of market fluctuations.
  • Safety: Bank FDs up to ₹5 Lakhs are insured by DICGC.
  • Tax Savings: 5-year tax-saving FDs offer deductions under Section 80C of the Income Tax Act.

Frequently Asked Questions

What is a Fixed Deposit (FD)?
A Fixed Deposit is a secure financial instrument offered by banks that provides a guaranteed rate of interest on a lumpsum amount locked for a specific tenure.
How often is FD interest compounded?
In India, standard Fixed Deposits compound interest on a quarterly basis. Our calculator strictly uses the quarterly compounding formula to ensure perfect alignment with bank payouts.
Is Fixed Deposit interest taxable?
Yes, FD interest is added to your total income and taxed according to your income tax slab. Banks also deduct TDS (Tax Deducted at Source) at 10% if the interest exceeds 40,000 in a year.
Can I withdraw my FD before maturity?
Yes, most banks allow premature withdrawal, but they typically levy a penalty (around 0.5% to 1%) and you will receive a lower interest rate for the actual period the money was held.
Can I use this FD Calculator for free?
Yes, this FD Calculator is completely free to use. You can use it as many times as you want without any hidden charges or registration.
How much time does it take to use the FD Calculator?
It takes less than a minute! Our calculator works instantly. Just enter your values in the input fields, and the results, along with visual charts, are generated in real-time.