How is FD maturity amount calculated?

FD maturity amount is calculated by compounding the principal amount quarterly or annually at the fixed bank interest rate using A = P(1 + r/n)^(nt).

What is the current FD interest rate for major Indian banks?

FD interest rates in India range from 6.50% to 7.75% for regular citizens and up to 8.25% for senior citizens.

Is fixed deposit interest taxable in India?

Yes, FD interest is taxable under 'Income from Other Sources' according to your tax slab. TDS is deducted at 10% if interest exceeds ₹40,000/yr (₹50,000 for senior citizens).

FD Calculator — Maturity Amount & Interest Earned on Fixed Deposit

Popular

Resize to 20KB GST Calculator EMI Calculator QR Code Compress Image CGPA to % Passport Photo BMI Calculator Income Tax Attendance GST Invoice CTC Calculator WhatsApp Link IFSC Finder Password Gen UPSC Photo

Principal Amount (₹)

Bank Interest Rate (% per year)

Duration (Years)

Maturity Amount

₹0

Principal₹0

Interest Earned₹0

* Interest calculated with quarterly compounding (standard Indian bank practice)

How to Use the FD Calculator

Enter the deposit amount.
Enter the annual interest rate offered by your bank.
Select the tenure and compounding frequency.
See maturity amount and total interest earned.

Frequently Asked Questions

A = P × (1 + r/n)^(nt), where P = principal, r = annual rate, n = compounding periods per year, t = tenure in years.

Yes. FD interest is added to your income and taxed per slab. TDS of 10% is deducted if interest exceeds ₹40,000/year (₹50,000 for senior citizens).

Small finance banks often offer 7–9% per annum. Rates change frequently — always check with your specific bank before investing.

Fixed Deposit (FD) Calculator

How to Use the FD Calculator

Frequently Asked Questions

How is FD interest calculated?

Is FD interest taxable in India?

Which banks offer the highest FD rates?

Related Tools

Share Feedback or Request a Tool

Feedback Delivered! 🎉