FD Calculator – Fixed Deposit Maturity
Calculate bank fixed deposit interest earnings and maturity amount with compounding options.
Calculation Breakdown
Calculation Formula & Methodology
Where P = Deposit Principal, r = Annual Interest Rate, n = Compounding frequency per year, t = Tenure in years.
What is a Fixed Deposit (FD)?
A Fixed Deposit is a secure financial instrument offered by banks and NBFCs providing higher guaranteed interest rates than standard savings accounts.
How FD Interest is Compounded
Most Indian commercial banks compound FD interest on a quarterly basis, adding earned interest to principal every 3 months.
Example FD Maturity
₹2,00,000 deposit at 7.25% p.a. quarterly compounded for 5 years:
Earns ₹86,281 guaranteed interest.
FD Taxation
TDS Deduction
Banks deduct 10% TDS if annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens).
Frequently Asked Questions
Yes, banks usually offer 0.50% extra interest rate to senior citizens.
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