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Fixed Deposit (FD) Calculator

Quarterly compounding logic used by major Indian banks

₹

Maturity Amount

₹1,41,478

Guaranteed Returns

Invested

₹1,00,000

Total Interest

₹41,478

Tax Note (TDS)

Banks deduct 10% TDS if interest exceeds ₹40,000 (₹50,000 for seniors) in a FY. Submit Form 15G/15H to avoid this if your income is below the taxable limit.

DISCLAIMER: These calculations are for illustrative purposes only and do not constitute professional financial advice. Actual returns or terms may vary based on market conditions or institution policies.

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Using the Fixed Deposit (FD) Calculator

Calculate maturity amount and interest earned on your Fixed Deposit. Supports quarterly compounding used by Indian banks.

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Updated Dec 2025 | FY 2025-26 Compliant
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Key Features

  • •Supports investment amounts from ₹1,00,000 to ₹10 Crore+
  • •Adjustable interest rates matching current bank offerings (SBI, HDFC, ICICI, etc.)
  • •Flexible tenure from 7 days to 10 years
  • •Calculates quarterly compounding (industry standard for Indian banks)
  • •Shows absolute interest earned over the period
  • •Instant results with no account creation needed

How to calculate Fixed Deposit (FD) Calculator

Step-by-step Guide & Informational Intent

  1. 1.Enter the principal amount you wish to deposit in the FD.
  2. 2.Input the annual interest rate offered by your bank.
  3. 3.Select the duration of the deposit in years, months, or days.
  4. 4.The calculator will instantly show your maturity value and total interest.
  5. 5.Compare different tenures to see where you get the best yield.

How the Calculation Works

Most Indian banks use quarterly compounding for FDs. The formula used is A = P(1 + r/n)^(nt), where n is 4 (quarterly). For short durations (less than 6 months), simple interest is often applied.

Important Assumptions

  • • Interest is compounded quarterly
  • • No TDS (Tax Deducted at Source) is subtracted from the result
  • • Interest rates remain fixed throughout the tenure
  • • Principal is not withdrawn before maturity
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FD Investment Examples

Standard FD: ₹1,00,000 at 7% for 5 years yields a maturity value of ~₹1,41,478.
Senior Citizen FD: ₹5,00,000 at 7.5% for 3 years results in ~₹6,24,858.
Tax Saver FD: A ₹1.5 Lakh deposit at 7% for 5 years earns ~₹62,217 in interest.
Short-term FD: ₹2,00,000 for 1 year at 6.5% matures at ~₹2,13,322.
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Fixed Deposit (FD) Calculator

Calculate maturity amount and interest earned on your Fixed Deposit. Supports quarterly compounding used by Indian banks.

A Fixed Deposit is a financial instrument where you deposit a lump sum amount for a fixed tenure (7 days to 10 years) at a pre-determined interest rate. It's one of the most trusted investment options in India due to its guaranteed returns and safety.
Indian banks usually offer two types of FDs: Cumulative (interest is compounded quarterly and paid at maturity) and Non-Cumulative (interest is paid out at monthly or quarterly intervals). Compounding ensures higher overall returns over long tenures.
Yes, FD interest is fully taxable as per your income tax slab. Banks deduct TDS at 10% if the interest exceeds ₹40,000 in a year (₹50,000 for senior citizens). You can submit Form 15G or 15H if your total income is below the taxable limit.
Yes, most Indian banks allow you to take a loan or an overdraft facility against your FD (usually up to 90% of the value). This is often better than breaking the FD as you only pay interest on the amount used.
Premature withdrawal is allowed but usually attracts a penalty of 0.5% to 1% on the interest rate. The interest paid will be for the period the deposit was held, minus the penalty.
Fixed Deposits in all commercial and cooperative banks in India are insured by the DICGC (a subsidiary of RBI) up to a maximum of ₹5 Lakh per depositor, covering both principal and interest.