How to Calculate FD Returns
Estimate your maturity amount.
Investment Amount
Enter the principal amount you want to invest.
Interest Rate
Enter the annual interest rate offered by the bank.
Tenure
Select the duration in years or months.
Compounding
Choose compounding frequency (Standard is Quarterly).
What does this tool do?
Secure your savings. Fixed Deposits (FDs) are a safe investment choice in India. This calculator helps you compute the maturity amount and interest earned, supporting monthly, quarterly, and cumulative payout options.
Frequently Asked Questions
Is FD interest taxable?
Yes. Interest above ₹40k/year is subject to TDS.
What is the minimum tenure?
Usually 7 days for most banks.
Is this calculator free?
Yes. Completely free to use.
Does it support senior citizens?
The calculator works for all rates. Seniors just get higher rates.
FD Calculator for Indian Banks (Fixed Deposit)
This FD Calculator helps you calculate the maturity amount and interest earned on Fixed Deposits in Indian banks. It supports monthly, quarterly, half-yearly, and yearly compounding frequencies, giving you precise returns based on bank-specific rules.
Fixed Deposits are one of the safest investment options in India, offering guaranteed returns and capital protection.
What is a Fixed Deposit (FD)?
An FD is a financial instrument where you deposit a lump sum for a fixed tenure at a pre-agreed interest rate. The interest rate is usually higher than a savings account and is unaffected by market fluctuations.
Why Choose FD?
- Guaranteed Returns
- Capital Safety (DICGC Insured)
- Flexible Tenures (7 days to 10 years)
- Liquidity (Loan against FD)
How FD Interest is Calculated
In India, most banks follow quarterly compounding for calculating FD interest. This means interest is added to your principal every 3 months, and subsequent interest is calculated on this new total.
The Formula
- A: Maturity Amount
- P: Principal Deposit
- r: Annual Interest Rate
- n: Compounding Frequency (e.g., 4 for quarterly)
- t: Tenure in Years
Power of Compounding
The more frequent the compounding, the higher the returns.
Tax Deducted at Source (TDS) on FDs
Interest earned on Fixed Deposits is fully taxable. Banks deduct TDS if the interest income exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.
- 10% TDS: If PAN is submitted
- 20% TDS: If PAN is NOT submitted