📈 Investment
FD Calculator
Calculate your Fixed Deposit maturity amount, total interest earned, and effective annual yield. Uses quarterly compounding as per Indian bank standards.
FD Details
₹1K₹1 Cr
1%15%
1 yr10 yrs
Maturity Amount
₹--
at the end of tenure
Principal--
Interest Earned--
Effective Annual Yield--
Absolute Return--
Principal vs Interest
Principal
Interest
Formula
A = P × (1 + r/n)n×t
P = Principal r = Annual rate ÷ 100 n = Compounding frequency per year t = Years
P = Principal r = Annual rate ÷ 100 n = Compounding frequency per year t = Years
Indian banks use quarterly compounding (n=4) for cumulative FDs. Simple interest is used for non-cumulative FDs where interest is paid out periodically.
Year-wise FD Growth
| Year | Opening Balance | Interest | Closing Balance |
|---|
Frequently Asked Questions
Most Indian banks compound FD interest quarterly. This means interest is calculated and added to principal every 3 months. Our calculator uses quarterly compounding by default, which matches SBI, HDFC, ICICI, and most other Indian banks.
Yes. FD interest is added to your total income and taxed at your applicable slab rate. Banks deduct 10% TDS if annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H if your income is below taxable limit.
FD: Capital protection, guaranteed returns (6-7.5% currently), suitable for risk-averse investors or short term. Mutual funds: Market-linked, potential for higher returns (10-15% historically for equity), suitable for long-term goals with risk tolerance.