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💰 FD Calculator

Calculate your fixed deposit maturity amount and total interest earned with different compounding frequencies

🏦 Fixed Deposit Details
Principal Amount ?₹1,00,000
₹1K₹25L₹50L
₹
YearsMonths (0–11)
📈 FD Results
Maturity Amount
—
Total Interest
—
Effective Yield
—
Principal vs Interest
Year-wise Growth
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Enter FD Details

Fill in your deposit amount, interest rate, tenure, and compounding frequency to see the maturity value.

Formula

FD Calculation Formula

Fixed deposits use compound interest formula

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

Where:
A = Maturity amount
P = Principal (deposit amount)
r = Annual interest rate (decimal)
n = Compounding frequency per year
t = Time in years
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Compounding Effect

Quarterly compounding (4×/year) yields more than annual compounding because interest is earned on previously credited interest. The difference grows significantly with larger amounts.

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When to Choose FD

  • When you need guaranteed returns
  • For short-term (1–5 year) goals
  • Emergency fund parking
  • When equity market risk feels too high
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FD Tips

  • Senior citizens get 0.25–0.5% extra rate
  • Tax deducted at source (TDS) on interest > ₹40,000/yr
  • Laddering FDs across tenures provides liquidity
  • Compare rates across multiple banks before investing
FAQ

Frequently Asked Questions

Common questions about fixed deposits

Is FD interest fully taxable?
Yes, FD interest is added to your income and taxed per your income slab. If total FD interest in a year exceeds ₹40,000 (₹50,000 for seniors), the bank deducts TDS at 10%. You can submit Form 15G/15H to avoid TDS if your income is below the taxable limit.
What happens if I break my FD early?
Premature withdrawal is allowed but banks charge a penalty of 0.5–1% on the applicable rate. The interest paid will be at the rate for the period the FD was held, minus the penalty. Some banks offer no-penalty FDs for specific tenures.
What is the difference between cumulative and non-cumulative FD?
Cumulative FD reinvests the interest (compounds) and pays principal + total interest at maturity — best for wealth building. Non-cumulative FD pays interest at regular intervals (monthly/quarterly/annually) — best for regular income needs like retirees.
How safe is my FD investment?
Bank FDs are insured by DICGC (Deposit Insurance and Credit Guarantee Corporation) up to ₹5 lakh per depositor per bank. This covers both principal and interest. For amounts exceeding ₹5L, spread across multiple banks for safety.

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