FD Calculator
Calculate FD maturity amount and interest earned. Compare quarterly, monthly & yearly compounding with tax impact.
Year-wise Growth
| Year | Value | Interest Earned |
|---|---|---|
| Year 1 | ₹5,35,930 | ₹35,930 |
| Year 2 | ₹5,74,441 | ₹74,441 |
| Year 3 | ₹6,15,720 | ₹1,15,720 |
| Year 4 | ₹6,59,965 | ₹1,59,965 |
| Year 5 | ₹7,07,389 | ₹2,07,389 |
Frequently Asked Questions
What is a Fixed Deposit?
A Fixed Deposit (FD) is a financial instrument offered by banks where you deposit a lump sum for a fixed tenure at a predetermined interest rate. It offers guaranteed returns and is one of the safest investment options.
How is FD interest calculated?
Most banks compound FD interest quarterly. The formula is: A = P × (1 + r/4)^(4×t), where P is principal, r is annual rate, and t is tenure in years.
Is FD interest taxable?
Yes, FD interest is fully taxable as per your income tax slab. TDS of 10% is deducted if interest exceeds ₹40,000/year (₹50,000 for senior citizens).
What is the difference between cumulative and non-cumulative FD?
Cumulative FD pays interest at maturity (interest is compounded). Non-cumulative FD pays interest periodically (monthly/quarterly) — useful for regular income.
Can I withdraw FD before maturity?
Yes, but premature withdrawal usually attracts a penalty of 0.5-1% reduction in the applicable interest rate. Some banks offer no-penalty FDs at slightly lower rates.