Secure Investment

Fixed Deposit (FD) Calculator

Determine maturity values, calculate interest yield breakdowns and plan bank fixed deposits with custom compounding frequencies.

Total Investment (₹) Principal amount

₹

Rate of Interest (% p.a.) Rate per annum

Compounding Frequency Compounding type

Tenure Mode Years

Total Maturity Amount

₹1,42,230.00

Compounded quarterly at maturity.

70%

Principal

Invested Principal: 70.3%

Interest Yield: 29.7%

FD Invested Amount

₹1,00,000.00

Total Interest Earned

₹42,230.00

Maturity FD Value

₹1,42,230.00

How Fixed Deposit Calculations Work

Understand how banks compute compound interest on fixed investments.

What is a Fixed Deposit (FD)?

A Fixed Deposit is a financial instrument provided by banks and NBFCs where investors deposit a lump sum for a fixed tenure at a locked-in rate of interest. FDs offer higher stability compared to equity mutual funds.

                    Compound interest formula:

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

                    • A = Maturity Amount

                    • P = Principal Amount

                    • r = Annual Interest Rate (decimal form)

                    • n = Compounding frequency per year (e.g. 4 for quarterly)

                    • t = Total tenure in years

Compounding Frequencies and TDS

The more frequently interest compounding occurs, the higher your overall yield. In India, most commercial banks compound interest on a **quarterly basis**. Please note that interest earned from FDs is taxable under the Income Tax Act if it exceeds ₹40,000 in a year (₹50,000 for senior citizens), causing banks to deduct Tax Deducted at Source (TDS) at 10%.

Frequently Asked Questions

Yes, premature withdrawal is usually allowed by banks, but it incurs a penalty fee (generally between 0.5% and 1.0% deduction from the applicable rate of interest).

Yes! In India, almost all banks offer an additional interest premium of **0.50% to 0.75% per annum** to senior citizens (individuals aged 60 and above) on standard and tax-saver FDs.

Tax-saving FDs offer tax exemption under Section 80C up to ₹1.5 lakh per financial year. These deposits have a mandatory lock-in period of **5 years** and premature withdrawals or loan facilities are not allowed on them.

Support & Help

Fixed Deposit (FD) Calculator

How Fixed Deposit Calculations Work

What is a Fixed Deposit (FD)?

Compounding Frequencies and TDS

Frequently Asked Questions

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Support & Help

Fixed Deposit (FD) Calculator

Maturity Growth Schedule

How Fixed Deposit Calculations Work

What is a Fixed Deposit (FD)?

Compounding Frequencies and TDS

Frequently Asked Questions

Ready to grow your business?

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Company

Help Center