FD Calculator - Calculate Fixed Deposit Interest Rates
Calculate your Fixed Deposit (FD) maturity amount and interest earned. Compare returns for different tenures and interest rates online.
Total Investment
Interest Rate
Time Period
Total Value
₹1,38,042
FD Calculator – Fixed Deposit Interest Estimator
A Fixed Deposit (FD) Calculator is a tool that helps you estimate the maturity amount and interest earned on your fixed deposit. It takes the principal amount, interest rate, and tenure to provide an accurate projection.
A Fixed Deposit (FD) is a secure investment where you deposit a lump sum with a bank for a fixed tenure at a pre-agreed interest rate.
What is a FD Calculator?
The FD Calculator calculates the maturity amount and the total interest earned.
It determines the future value of your deposit. Banks typically compound interest quarterly.
This tool helps you compare returns from different banks or tenures.
How does this FD Calculator work?
The calculator uses the following formula:
A = P * (1 + r/n)^(n*t)
- A = Maturity Amount
- P = Principal Deposit Amount
- r = Annual Interest Rate (decimal)
- n = Compounding frequency (4 for quarterly)
- t = Tenure in years
- It assumes the interest is reinvested (cumulative FD).
How to use this FD Calculator effectively
- Enter the deposit amount.
- Input the interest rate.
- Choose the tenure.
- Check the maturity value to see how much your money will grow.
Commonly asked questions
What is a Fixed Deposit?
A Fixed Deposit (FD) is a financial instrument provided by banks and NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date.
How is FD interest calculated?
FD interest is usually compounded quarterly. The formula used is A = P(1 + r/n)^(nt).
Is FD interest taxable?
Yes, the interest earned on FD is taxable as per your income tax slab. TDS is deducted if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a year.
What is the minimum tenure for FD?
The minimum tenure for a bank FD is usually 7 days.
What is the maximum tenure?
The maximum tenure is typically 10 years.
Can I withdraw my FD before maturity?
Yes, premature withdrawal is allowed but it usually attracts a penalty of 0.5% to 1% on the interest rate.
What is a Tax-Saving FD?
A Tax-Saving FD has a lock-in period of 5 years and offers tax benefits under Section 80C up to ₹1.5 Lakh.
Can I take a loan against FD?
Yes, banks usually offer loans up to 90% of the FD amount at a slightly higher interest rate than the FD rate.
Is FD safe?
Yes, bank FDs are very safe. Deposits up to ₹5 Lakh are insured by DICGC.
Do senior citizens get extra interest?
Yes, banks typically offer an additional 0.50% interest rate to senior citizens.
What happens at maturity?
At maturity, the principal plus interest is credited to your account, or you can choose to renew the FD.
Can I open an FD online?
Yes, most banks allow you to open an FD instantly through net banking or mobile banking apps.
What is a cumulative FD?
In a cumulative FD, the interest is reinvested and paid at maturity, benefiting from the power of compounding.
What is a non-cumulative FD?
In a non-cumulative FD, the interest is paid out at regular intervals (monthly, quarterly, etc.) providing a regular income.
Can a minor open an FD?
Yes, an FD can be opened in the name of a minor with a parent or guardian.
What is the minimum amount for FD?
The minimum amount varies by bank but can be as low as ₹1,000.
Can I change the tenure of my FD?
No, once an FD is opened, the tenure cannot be changed. You would have to close it and open a new one.
Is nomination facility available?
Yes, you can add a nominee to your FD account.
Can NRIs open FDs?
Yes, NRIs can open NRE or NRO Fixed Deposits in India.
What is the difference between Corporate FD and Bank FD?
Corporate FDs are offered by companies and usually offer higher interest rates but carry higher risk compared to Bank FDs.