FD Calculator
Find your bank FD's maturity amount and total interest earned.
How FD Interest Compounds
Indian banks typically compound FD interest quarterly. Over longer tenures, a slightly higher rate or more frequent compounding can add meaningful gains.
Frequently Asked Questions
How is FD interest calculated?
Most banks compound FD interest quarterly: A = P × (1 + r/4)^(4t). This calculator supports quarterly, monthly, half-yearly, and yearly compounding.
Are FD returns taxable?
Yes. Interest from FDs is added to your income and taxed at your slab rate. TDS of 10% applies if interest crosses ₹40,000 per bank per year (₹50,000 for senior citizens).
Which bank offers the highest FD rate?
Small finance banks and NBFCs typically offer 0.5–1% higher than large banks. Check DICGC ₹5 lakh insurance coverage before choosing.
Can I break an FD early?
Yes, but banks usually apply a 0.5–1% penalty on the applicable rate for the actual period the FD was held.
Should I choose cumulative or non-cumulative FD?
Cumulative (reinvest interest) gives higher maturity. Non-cumulative pays regular interest — good for retirees needing monthly income.