FD Calculator — Fixed Deposit Returns
See exactly what your fixed deposit will be worth at maturity and how much interest you'll earn, using the same quarterly compounding banks apply.
Invested amount
₹1,00,000
Interest earned
₹41,478
Maturity value
₹1,41,478
Interest on FDs is fully taxable as per your income slab. Banks deduct TDS when annual interest exceeds ₹40,000 (₹50,000 for senior citizens).
How to use
- 1Enter the deposit amount.
- 2Set the interest rate the bank is offering and the tenure in years.
- 3Pick the compounding frequency — most Indian banks compound quarterly.
- 4Read the interest earned and the maturity value.
Frequently Asked Questions
How is FD interest calculated?
Banks compound FD interest, usually quarterly: maturity = P × (1 + r/4)^(4 × years). For example ₹1,00,000 at 7% for 5 years grows to about ₹1,41,478.
Is FD interest taxable?
Yes — FD interest is added to your income and taxed at your slab rate. Banks deduct 10% TDS when interest crosses ₹40,000 a year (₹50,000 for senior citizens); submit Form 15G/15H if your income is below the taxable limit.
Which compounding option should I pick?
Quarterly — it's what almost every Indian bank uses for FDs. Only change it if your deposit's terms say otherwise.
What TDS is deducted on my FD interest?
Banks deduct 10% TDS once interest across your FDs with them crosses ₹40,000 in a year, or ₹50,000 if you are a senior citizen. TDS is not the final tax — the interest is added to your income and taxed at your slab, with the TDS adjusted against it.
What happens if I break the FD early?
You get a lower rate — usually the rate that applied for the period the money actually stayed, minus a penalty of around 0.5% to 1%. The maturity figure here assumes you hold to term.
Do senior citizens get a better rate?
Yes, typically 0.25% to 0.75% more than the standard rate at the same bank. Enter the senior rate your bank quotes to see the difference it makes.