FD Calculator

Calculate the maturity value of your Fixed Deposit investment.

Effective Returns:

Total Investment₹5,00,000

Total Interest₹1,38,140

Maturity Value₹6,38,140

Input fields:

Amount Invested

₹

Annual Interest Rate

FD Interest Structure

Time Period

Explanation

Fixed Deposits (FDs) are stable and predictable investment instruments offering a safe haven of consistent returns in a volatile financial market. They are perfect for those who prefer a smooth financial journey and cannot digest even small market volatility. Use our online Fixed Deposit (FD) Calculator for easy returns calculations. Simplicity is the key with FDs. Choose a tenure that suits your dreams, whether it is a short-term goal like buying a car or saving for tax purposes. FDs offer a stable option tailored to your financial journey. While FD returns may not match riskier options, they shine as a shield of protection for your hard-earned money. In times of financial uncertainty, FDs offer a reliable income stream for those seeking stability with low risk. The Reserve Bank of India (RBI) ensures scheduled bank deposits up to Rs.5 lakh per bank through DICGC. Your financial fortress remains strong even if a bank faces challenges. Consider FDs as your financial guardians, ensuring stability and peace of mind in the ever-changing financial landscape. They will, however, often fail to beat inflation.

FD interest calculation formula

A = P * (1 + r/n) ^ (n*t), where I = A - P

Variable	Description
A	Maturity value
P	Principal amount
r	Rate of interest
t	Number of years
n	Compounded interest frequency
I	Interest earned amount

How Our Calculator Can Help You?

a) Calculates the interest you will accrue on your FD instantly. b) Helps compare interest rates from various banks. c) Helps you identify the ideal FD investment amount to reach your financial goals. d) Guides you toward the right FD type based on your risk appetite and investment needs.

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FAQs

The interest you earn on Fixed Deposits is taxable as per your income tax slab. If you do not submit a duly filled 15G/15H to your bank and if interest surpasses INR 40,000 in a fiscal year, Tax Deducted at Source (TDS) will step in. A 10% cut is taken before your interest amount hits the account.

Enter the investment amount, duration, and corresponding FD interest rates in the calculator. Your maturity amount will appear instantly. The calculator assumes you did not take out the interest portion from the FD account until it matures.

You can explore small finance bank FD schemes where the FD interest rates tend to be higher. Make sure to check the DICGC coverage and use it tactfully to maximize your returns while keeping your deposits insured.

Tax-saver FDs have a 5-year lock-in period. You can choose whichever scheduled bank you prefer after checking the interest rates.

Starting a bank Fixed Deposit (FD) is easy. Usually, you can begin with as little as Rs.1,000 to Rs.10,000 depending on the bank.

Tax Saver FDs lock in your money for 5 years and give tax benefits under Section 80C, while Regular FDs offer more flexibility in tenure but without the tax perks.

To avoid TDS on Fixed Deposit interest, submit Form 15G if you are below 60 years and Form 15H if you are a senior citizen, provided your taxable income falls below the basic exemption limit.

Yes, if you break your bank FD before the agreed time, there is usually a penalty involved, typically ranging between 0.5% and 1%. The interest rate applied will be the rate applicable for the actual duration held, minus the penalty. Check with your bank for specific details.

Types of FD include: Senior Citizen FD, Post Office FD, Tax Saving FD, Standard FD, Corporate FD, Cumulative and Non-cumulative FD.