FC
FD Calculator
Enter FD amount, interest rate and tenure — get the maturity amount and total interest (quarterly compounding, like banks use) instantly.
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FD Details
Result
—
Maturity amount
Principal—
Interest earned—
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How to use — FD Calculator
- Enter the amount you want to deposit in the FD.
- Enter the bank's annual interest rate (e.g. 7%).
- Choose the tenure in years or months.
- Click Calculate — see the maturity amount and total interest.
FAQ
How does FD interest compound?
Indian banks compound FD interest quarterly: Maturity = P × (1 + r/4)^(4×t). This calculator uses that same standard method.
Is FD interest taxed?
Yes — FD interest is added to your income and taxed at your slab rate. Banks also deduct TDS if interest exceeds ₹40,000/year (₹50,000 for senior citizens).
What happens on premature withdrawal?
Banks charge a 0.5–1% penalty for breaking an FD, and interest is paid at the rate applicable for the actual duration held. Exact rules depend on the bank.
FD vs SIP — which should I choose?
FDs give a guaranteed return with safe capital — best for short-term goals. SIPs/mutual funds can give higher returns long-term (5+ years) but carry market risk.
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