FD Calculator
Calculate your Fixed Deposit maturity value and interest earned.
Actual bank FD rates vary by tenure, bank and depositor category (senior citizens usually get 0.25–0.5% extra) — check your bank's current published rate.
How this works
A = P(1 + r/n)nt, the same compound interest formula used across banks, with n set to the FD's compounding frequency (quarterly is the most common convention in India).
Frequently asked questions
Is FD interest taxable?
Yes — FD interest is added to your taxable income and taxed at your slab rate. Banks deduct TDS if interest exceeds the threshold in a financial year.
Why does compounding frequency matter for FDs?
Quarterly compounding (the norm for most Indian bank FDs) yields slightly more than annual compounding at the same nominal rate — this calculator lets you compare.