Fixed Deposit Calculator
Calculate Your FD Returns
Use our FD calculator to estimate the maturity value of your fixed deposit investment. See how your lump sum grows with the power of quarterly compounding.
Maturity Amount
₹1,41,478
Investment Breakdown
What is a Fixed Deposit?
A Fixed Deposit (FD) is a financial instrument provided by banks and non-banking financial companies that offers a higher rate of interest than a regular savings account. You deposit a lump sum amount for a fixed tenure and earn guaranteed returns at a predetermined interest rate.
FD Formula (Quarterly Compounding)
A = P × (1 + r/4)4×nWhere P = Deposit amount, r = Annual interest rate, n = Tenure in years
Key FD Features
- Quarterly Compounding: Most banks compound FD interest quarterly, meaning your interest earns interest every 3 months.
- Guaranteed Returns: Unlike market-linked instruments, FD returns are fixed and guaranteed at the time of booking.
- Tax on Interest: Interest earned on FDs is taxable as per your income tax slab. TDS is deducted if annual interest exceeds ₹40,000 (₹50,000 for senior citizens).
- Senior Citizen Rates: Banks typically offer 0.25% to 0.50% higher interest rates for senior citizens on fixed deposits.
Disclaimer: This calculator provides approximate results for illustrative purposes only. Actual returns may vary based on the bank, compounding frequency, and applicable tax deductions. Please check with your bank for exact FD rates.