FD Calculator
Calculate Fixed Deposit maturity amount and interest earned. Compare different compounding frequencies — quarterly, monthly, or yearly.
Results
FD Interest Formula
A = P × (1 + r/n)n×t
Where P is deposit, r is annual rate, n is compounding frequency, t is years.
Frequently Asked Questions
What is a Fixed Deposit?
A Fixed Deposit (FD) is a financial instrument where you deposit a lump sum for a fixed tenure at a predetermined interest rate. It offers guaranteed returns and is considered a safe investment.
How does compounding frequency affect FD returns?
More frequent compounding (e.g., quarterly vs annually) results in slightly higher returns because interest is calculated on previously earned interest more often.
Is FD interest taxable?
Yes, FD interest is fully taxable and added to your income. TDS is deducted at 10% if interest exceeds ₹40,000 per year (₹50,000 for senior citizens).