Savings Calculators

FD Calculator

Calculate the maturity value and total interest earned on a fixed deposit with standard quarterly compounding.

About the calculator

What is the FD Calculator?

The FD Calculator is a free online tool that helps you make informed decisions about your money. Enter your numbers and the calculator gives you instant, accurate results.

Use it to compare scenarios, plan goals and validate assumptions — all without signing up.

Formula used

FD Maturity
A = P × (1 + r/4)^(4t)

Why use the FD Calculator?

Financial planning works only when it's specific. The FD Calculator converts assumptions into concrete numbers — so you can choose between scenarios with confidence rather than guesswork.

How it helps

By tweaking inputs and instantly seeing the impact, you build intuition for how the underlying variables interact. This is far more useful than abstract formulas alone.

What to remember

Calculators show possible outcomes based on the assumptions you provide. Real-world results may vary; review your plan periodically and adjust as your income, goals and circumstances evolve.

Frequently Asked Questions

How is FD interest calculated?

Quarterly compounding: A = P × (1 + r/4)^(4t).

Is FD safe?

Bank FDs are insured up to ₹5 lakh per depositor via DICGC.

Is FD interest taxable?

Yes — taxed at slab; TDS applies above ₹40,000/year (₹50,000 for seniors).

Can I break early?

Yes, usually with a 0.5–1% penalty on effective rate.

Are senior FDs better?

Yes — 0.25–0.75% extra interest in most banks.

Tax-saver FD?

5-year tax-saving FDs qualify for 80C deduction up to ₹1.5L.

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