FD Calculator
Calculate maturity amount and interest earned on your Fixed Deposit. Compare returns with different tenures and interest rates.
Results
Maturity Amount
₹0
Total Interest
₹0
Effective Yield
0.00%
How to Use FD Calculator
- 1
Enter the amount you want to deposit
- 2
Input the annual interest rate offered
- 3
Specify the FD tenure in years
- 4
See your maturity amount and interest earned
FD Calculator Formula
A = P × (1 + r/n)^(n×t), where A = Maturity Amount, P = Principal, r = Rate, n = Compounding Frequency, t = YearsExample Calculation
Input Values
Deposit Amount
₹1,00,000
Interest Rate (Annual)
7 %
Tenure
5 years
Results
Maturity Amount
₹1,40,255
Total Interest
₹40,255
Effective Yield
7.25%
Frequently Asked Questions
Is FD interest taxable?
Yes, FD interest is taxable as per your income tax slab. TDS is deducted if interest exceeds ₹40,000 in a financial year.
What is the penalty for premature FD withdrawal?
Banks typically charge 0.5% to 1% penalty on the applicable interest rate for premature withdrawal.
Which is better - cumulative or non-cumulative FD?
Cumulative FD gives higher returns due to compounding. Non-cumulative is better if you need regular income.