Toolwise

FD Calculator

Find the maturity amount and interest earned on a fixed deposit based on your principal, rate and tenure.

How to use FD Calculator

  1. 1Enter the deposit amount, annual interest rate and tenure.
  2. 2Choose the compounding frequency your bank uses (most banks compound FDs quarterly).
  3. 3View the maturity value and interest earned.

About FD Calculator

A Fixed Deposit (FD) pays a fixed interest rate over a chosen tenure, usually compounded quarterly. This calculator estimates your maturity value and total interest earned.

Benefits

  • Compare FD returns across different banks and tenures before investing.
  • Understand how compounding frequency affects your final maturity amount.

Common mistakes

  • Not accounting for TDS deducted on FD interest above the exemption threshold.

Frequently Asked Questions

Yes, FD interest is added to your taxable income and taxed at your slab rate. Banks deduct TDS if interest exceeds the prescribed threshold. This calculator does not account for tax.

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