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).
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.