About the FD Calculator
A Fixed Deposit (FD) pays a fixed interest rate for a fixed period. Most Indian banks compound the interest quarterly, which this calculator uses.
Enter the deposit amount, interest rate and time period to see the maturity value.
Formula used
A = P × (1 + r/400)^(4t), where P = deposit, r = annual rate, t = years (quarterly compounding).
Frequently asked questions
Is FD interest taxable?
Yes, interest is added to your income and taxed at your slab rate. Banks may deduct TDS above a threshold.
Is the maturity amount exact?
It is a close estimate. Banks may use slightly different compounding or rounding.
FD or SIP?
FDs are stable and predictable. SIPs in equity funds can earn more over long periods but are not guaranteed.