FD Calculator
Calculate Fixed Deposit maturity amount and interest earned.
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% p.a.
yrs
mo
FD Returns
Maturity Amount
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Principal
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Total Interest
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Effective Annual Yield
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Periodic Payout
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Principal
Interest
Year-by-Year Growth
| Year | Opening Balance | Interest Earned | Closing Balance |
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Frequently Asked Questions
- How is FD interest calculated?
- Most Indian banks compound FD interest quarterly. Formula: A = P × (1 + r/4)^(4×t). The effective annual yield is slightly higher than the stated rate due to quarterly compounding.
- What is cumulative vs non-cumulative FD?
- Cumulative FD reinvests interest and pays the full maturity amount at the end — ideal for wealth building. Non-cumulative FD pays out interest periodically (monthly/quarterly/annually) — ideal for regular income during retirement.
- Is FD interest taxable?
- Yes, FD interest is taxed as per your income slab. Banks deduct 10% TDS if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if your income is below the taxable limit.
- What is the best FD tenure?
- Most banks offer peak rates for 1–3 year tenures. Consider FD laddering — splitting across multiple tenures — to balance liquidity with returns and avoid reinvestment risk.