FD Calculator
Calculate your Fixed Deposit maturity amount and interest earned for any bank or NBFC.
₹
₹1000₹10000000
%
1%15%
yrs
1 yrs10 yrs
Maturity Amount
₹7,07,389
Interest Earned
₹2,07,389
Maturity₹7,07,389
Deposit₹5,00,000
Interest₹2,07,389
How FD Returns Are Calculated
The FD maturity amount is calculated using the compound interest formula:
Maturity = P × (1 + r/n)n×t
A deposit of ₹5,00,000 at 7% compounded quarterly for 5 years matures to ₹7,07,389, earning ₹2,07,389 in interest.
Frequently Asked Questions
What is a Fixed Deposit (FD)?
A Fixed Deposit is a financial instrument offered by banks where you deposit a lump sum for a fixed tenure at a predetermined interest rate. FDs are one of the safest investment options in India.
What is the current FD interest rate in India?
FD interest rates vary by bank and tenure. Most major banks offer 6.5-7.5% for general citizens and 7-8% for senior citizens on 1-3 year FDs.
Is FD interest taxable?
Yes, FD interest is fully taxable as per your income tax slab. Banks deduct TDS at 10% if interest exceeds Rs 40,000 per year (Rs 50,000 for senior citizens).
Can I break an FD before maturity?
Yes, most banks allow premature withdrawal but charge a penalty of 0.5-1% on the applicable interest rate.
What is the difference between cumulative and non-cumulative FD?
In a cumulative FD, interest is reinvested and compounded, paid at maturity. In non-cumulative, interest is paid out at regular intervals. Cumulative FDs give higher effective returns.