FD Calculator
Calculate the maturity amount and interest income on your bank Fixed Deposit (FD) using standard quarterly compounding.
Calculator Inputs
LiveHow to use the FD Calculator
- 1Enter the deposit principal sum.
- 2Enter the bank annual FD interest rate.
- 3Enter the tenure in years.
- 4Review the final maturity proceeds and total accrued interest.
How FD is Calculated
Most commercial banks compound fixed deposit interest on a quarterly basis (4 times per year).
A is maturity value, P is principal deposited, r is annual interest rate divided by 100, and t is tenure in years.
- 1Principal P = 200,000
- 2Quarterly compounding factor = (1 + 0.0725 / 4)²⁰ = 1.4316
- 3Maturity Amount = 200,000 × 1.4316 = ₹2,86,320
- 4Interest Earned = ₹86,320
What affects FD results
- Senior citizen interest rate bonuses (typically 0.50% extra).
- TDS (Tax Deducted at Source) deducted on annual interest.
- Premature withdrawal penalty terms.
Frequently Asked Questions
Do senior citizens get higher FD interest rates?
Yes, most banks offer an additional 0.25% to 0.75% interest rate for depositors aged 60 and above.
Is FD interest taxable?
Yes, interest earned on fixed deposits is taxable according to your applicable income tax slab bracket.
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