Savings & Deposits
FD Calculator
Calculate the maturity value of a Fixed Deposit with standard quarterly compounding.
About the FD Calculator
A Fixed Deposit locks a lump sum with a bank for a fixed tenure at a guaranteed interest rate. Most Indian banks compound FD interest quarterly, which is what this calculator assumes.
A = P × (1 + r/4)4t
where P = deposit, r = annual rate, t = years
where P = deposit, r = annual rate, t = years
Frequently asked questions
Is FD interest taxable?
Yes — FD interest is added to your income and taxed at your slab rate. Banks deduct TDS once interest crosses the annual threshold.
Can I withdraw an FD before maturity?
Usually yes, but banks apply a premature-withdrawal penalty, typically 0.5–1% off the applicable interest rate.