Banking
FD Calculator
Computes the maturity value of a Fixed Deposit given principal, rate, tenure, and compounding frequency.
Your details
₹
%
yrs
Maturity amount
₹7,07,389
Interest earned
₹2,07,389
Your ₹5,00,000 will grow to ₹7,07,389 after 5 years at 7%, earning ₹2,07,389 in interest — before TDS.
Total₹7,07,389
- Principal₹5,00,000
- Interest earned₹2,07,389
How this is calculated
A = P × (1 + r/n)^(n×t), where P = principal, r = annual interest rate, n = compounding frequency per year, t = tenure in years.
Frequently asked questions
Is FD interest taxable?
Yes — FD interest is fully taxable as per your income tax slab.
What is the TDS threshold on FD interest?
Banks deduct TDS if interest exceeds ₹40,000/year (₹50,000 for senior citizens) in a financial year, per bank.
Cumulative vs non-cumulative FD — which is better?
Cumulative reinvests interest for a larger maturity payout; non-cumulative pays out interest periodically — choose based on whether you need regular income.
How does compounding frequency affect returns?
More frequent compounding (monthly > quarterly > annually) yields marginally higher returns for the same nominal rate.