FD Calculator

Enter the deposit, your bank’s quoted rate and the tenure. Indian banks compound FDs quarterly as standard; change it if yours does not.

What you enter

• Deposit amount
• Interest rate — The rate on your deposit receipt, not a rate Sansara picked.
• Tenure
• Compounding per year — 4 = quarterly, the Indian bank norm. This is a fact about your deposit, so it is yours to set.

What it tells you

• Maturity value
• Interest earned
• Amount deposited

How this is worked out

maturity = deposit × (1 + rate ÷ n) ^ (n × years), where n is the compounding frequency.

What it cannot know

• FD interest is taxable as income at your slab rate, and TDS may apply. That is not deducted here.
• Breaking an FD early usually carries a penalty and a lower effective rate. This assumes it runs to term.
• Senior-citizen rates differ. Use the rate that actually applies to you.

Questions

Is FD interest taxable?

Yes — it is added to your income and taxed at your slab rate, with TDS deducted by the bank above the threshold. This page shows the gross maturity value only.

Related calculators

• rd
• ppf

Sansara is not a SEBI-registered investment adviser or research analyst. This page performs arithmetic on numbers you enter and does not recommend any security, scheme or course of action.