🏦 FD Calculator
Calculate your fixed deposit maturity amount, total interest earned, and compare returns across different compounding frequencies.
FD Maturity Summary
Maturity Amount
₹1,38,042
Total Interest
₹38,042
Effective Rate
6.66%
Principal
₹1,00,000
📊 Compounding Frequency Comparison
| Frequency | Maturity | Interest | Effective Rate |
|---|---|---|---|
| Monthly | ₹1,38,282 | ₹38,282 | 6.70% |
| Quarterly | ₹1,38,042 | ₹38,042 | 6.66% |
| Half-Yearly | ₹1,37,689 | ₹37,689 | 6.61% |
| Yearly | ₹1,37,009 | ₹37,009 | 6.50% |
Frequently Asked Questions
What is a Fixed Deposit?
A Fixed Deposit (FD) is a savings instrument offered by banks and NBFCs where you deposit a lump sum for a fixed tenure at a predetermined interest rate. It is one of the safest investment options in India.
How is FD interest calculated?
FD interest is calculated using the formula A = P × (1 + r/n)^(n×t), where P is the principal, r is the annual rate, n is the compounding frequency, and t is the tenure in years.
What is compounding frequency?
Compounding frequency determines how often interest is added to the principal. Quarterly compounding (most common in India) adds interest 4 times a year, resulting in slightly higher returns than annual compounding.
Is FD interest taxable?
Yes, FD interest is taxable as per your income tax slab. Banks deduct TDS at 10% if the interest exceeds ₹40,000 in a year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your income is below the taxable limit.
What is the difference between cumulative and non-cumulative FD?
In cumulative FD, interest is compounded and paid at maturity along with the principal. In non-cumulative FD, interest is paid out periodically (monthly, quarterly, etc.), resulting in slightly lower effective returns.
Do senior citizens get higher FD rates?
Yes, most banks offer an additional 0.25% to 0.75% interest rate to senior citizens (60+ years) on their fixed deposits.