FD Calculator
Calculate fixed deposit interest and maturity amount
| Year | Interest (₹) | Total Amount (₹) |
|---|
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Frequently Asked Questions
Is this FD calculator accurate?
Yes, it uses the standard compound interest formula used by banks. However, the exact maturity amount depends on your specific bank’s compounding frequency (usually quarterly) — this calculator compounds annually for simplicity.
Are FD returns guaranteed?
Yes. Unlike mutual funds or stocks, Fixed Deposits offer a fixed rate of return that is locked in at the time of booking, unaffected by market volatility.
Can I withdraw my FD early?
Yes, most banks allow premature withdrawal, but they may charge a penalty (usually 0.5% to 1%) and pay a lower interest rate for the period the money was held.
Is FD interest taxable?
Yes. The interest earned on FDs is added to your total income and taxed according to your income tax slab. Banks also deduct TDS if interest exceeds ₹40,000 in a year.