FD Calculator
Calculate the maturity amount and interest earned on your Fixed Deposits.
Input Values
Adjust parameters below
10,00010,000,000
₹
315
%
120
Years
RESULT
Maturity Amount
$138,042
MONEY
Invested Amount
$100,000How It Works
Guide and Formula
Fixed Deposit (FD)
FD is a safe investment option where you deposit a lump sum for a fixed tenure at a guaranteed interest rate.
Formula (Quarterly Compounding):
A = P \times (1 + \frac{r}{4})^{4 \times t}
Where:
A = Maturity Amount
P = Principal Investment
r = Annual Interest Rate
t = Time in Years
Features
Guaranteed Returns: Fixed interest rate for entire tenure
Flexible Tenure: 7 days to 10 years
Loan Against FD: Get loans up to 90% of FD value
Tax Deductor: TDS deducted if interest > ₹40,000/year
?FAQs
Is FD interest taxable?
Yes, FD interest is fully taxable as per your income tax slab. TDS is deducted if interest exceeds ₹40,000/year (₹50,000 for seniors).
What is premature withdrawal penalty?
Banks typically charge 0.5-1% penalty on the applicable interest rate for premature FD withdrawal.
Which bank gives highest FD rate?
Small Finance Banks typically offer higher rates (7-8%) compared to major banks (6-7%). Always check current rates before investing.
Is FD better than RD?
FD is better if you have lump sum. RD is better for monthly savings. FD rates are usually slightly higher than RD rates.