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Fixed Deposit (FD) Calculator

Calculate your Fixed Deposit maturity amount and interest earnings with different compounding frequencies.

FD Investment Details

₹1,000₹1 Crore
3%10%
1 Year10 Years

Safe Investment

FDs are one of the safest investment options with guaranteed returns

Tax on Interest

Interest earned is taxable as per your income tax slab. TDS applicable above ₹40,000

Maturity Details

Maturity Value ₹1,37,006
Principal Amount ₹1,00,000
Total Interest Earned ₹37,006

Year-wise Interest Breakdown

Year Opening Balance Interest Earned Closing Balance

About Fixed Deposit (FD)

What is Fixed Deposit?

A Fixed Deposit is a financial instrument where you deposit a lump sum amount for a fixed tenure at a predetermined interest rate. It's one of the safest investment options offered by banks and financial institutions.

FD Interest Formula

A = P (1 + r/n)^(nt)

Where: A = Maturity Amount, P = Principal, r = Annual rate, n = Compounding frequency, t = Years

Key Features

  • Guaranteed returns with fixed interest rate
  • Tenure ranges from 7 days to 10 years
  • Loan facility available against FD (up to 90%)
  • Premature withdrawal allowed (with penalty)
  • Auto-renewal option available
  • Deposit insurance up to ₹5 lakh per bank

Tax Implications

  • Interest is fully taxable as per your income slab
  • TDS of 10% if interest exceeds ₹40,000/year (₹50,000 for senior citizens)
  • Submit Form 15G/15H if total income below taxable limit
  • No tax deduction under Section 80C for regular FDs
  • Only 5-year Tax Saver FDs eligible for 80C deduction