FD Calculator
Maturity Details
100,000.00
Deposit
7,185.90
Interest Earned
107,185.90
Maturity Amount
Calculated with quarterly compounding
What is an FD Calculator?
An FD Calculator (Fixed Deposit Calculator) helps you calculate the maturity amount and interest earned on your Fixed Deposit investment. A Fixed Deposit is one of the safest investment options in India, where you deposit a lump sum with a bank or NBFC for a fixed tenure at a predetermined interest rate.
FDs offer guaranteed returns, making them ideal for conservative investors who want to protect their capital while earning steady interest.
Types of Fixed Deposits
- Regular FD: Standard fixed deposits with interest paid at maturity or at regular intervals.
- Tax-Saving FD: 5-year lock-in period with tax deduction up to 1.5 lakh under Section 80C.
- Senior Citizen FD: Higher interest rates (typically 0.25–0.75% more) for people aged 60+.
- Flexi FD: Linked to a savings account, allows partial withdrawals without breaking the FD.
Frequently Asked Questions
Is FD interest taxable?
Yes. FD interest is added to your total income and taxed as per your income tax slab. If total interest from a bank exceeds 40,000 (50,000 for senior citizens) in a year, the bank deducts TDS at 10%.
What is the current best FD interest rate in India?
FD rates vary by bank and tenure. As of 2024–25, most major banks offer 6.5–7.5% for regular tenures. Small finance banks and NBFCs often offer higher rates of 8–9%, but carry slightly higher risk.
Can I break my FD before maturity?
Yes, most FDs can be broken prematurely, but banks charge a penalty of 0.5–1% on the applicable interest rate. Some banks offer penalty-free premature withdrawal for specific schemes.