Use our Fixed Deposit Calculator to estimate your investment returns. Input your principal amount, interest rate, tenure, and compounding frequency to determine your FD maturity amount and interest earned.

📌 What is a Fixed Deposit?

A Fixed Deposit (FD) is a low-risk investment option offered by banks and financial institutions. It allows you to invest a lump sum amount at a fixed interest rate for a predetermined tenure, ensuring capital safety and guaranteed returns.

🎯 Benefits of Using FD Calculator

Calculate your FD maturity amount and interest income
Understand the impact of different interest rates and tenures
Compare various FD schemes to choose the best one
Plan your investments effectively to meet financial goals

📐 FD Calculation Formula

A = P × (1 + r/n)^nt

A: Maturity Amount
P: Principal Amount
r: Annual Interest Rate (decimal)
n: Number of times interest is compounded per year
t: Time the money is invested for, in years

📊 Example FD Calculation

Year	Opening Balance	Interest Earned	Closing Balance
1	₹1,00,000	₹6,000	₹1,06,000
2	₹1,06,000	₹6,360	₹1,12,360
3	₹1,12,360	₹6,742	₹1,19,102

💡 Expert Tips for Effective FD Planning

Choose the right tenure: Align your FD tenure with your financial goals
Opt for cumulative FD: Reinvest interest to maximize returns
Compare interest rates: Select banks offering competitive FD rates
Consider tax implications: Be aware of TDS on FD interest income

❓ Frequently Asked Questions

How is FD interest calculated?

FD interest is calculated using the compound interest formula: A = P × (1 + r/n)^nt, where P is the principal amount, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the time in years.

What is the difference between cumulative and non-cumulative FD?

In a cumulative FD, interest is compounded and paid at maturity along with the principal amount. In a non-cumulative FD, interest is paid out periodically (monthly, quarterly, half-yearly, or annually) to the investor.

Can I withdraw my FD before maturity?

Yes, premature withdrawal of FD is allowed, but it may attract a penalty and the interest rate applicable will be lower than the contracted rate.

Is FD interest taxable?

Yes, FD interest is taxable under Section 80C of the Income Tax Act. Tax Deducted at Source (TDS) is applicable if the interest income exceeds ₹40,000 in a financial year (₹50,000 for senior citizens).

How can I calculate monthly interest from my FD?

You can use a non-cumulative FD that pays interest monthly. Simply multiply your FD amount by the annual interest rate and divide by 12 to estimate monthly interest. Our FD Calculator does this automatically for you.

What is the maximum and minimum FD tenure?

The minimum FD tenure is usually 7 days, and the maximum can go up to 10 years, depending on the bank. Longer tenures usually offer better interest rates.