FD Calculator
Calculate the maturity value and interest earned on a bank Fixed Deposit (FD), compounded quarterly, with this online calculator.
How is FD Maturity Value Calculated?
A Fixed Deposit (FD) locks in a one-time deposit for a fixed tenure at a fixed interest rate. Indian banks typically compound FD interest quarterly.
A = P × (1 + r/4)4t
- P — Principal (deposit amount)
- r — Annual interest rate
- t — Tenure in years
For example, depositing ₹1,00,000 for 5 years at 7% p.a., compounded quarterly, matures to about ₹1.42 lakh.
Frequently Asked Questions
Is FD interest taxable?
Yes. Interest earned on a bank FD is fully taxable as per your income tax slab, and banks deduct TDS if the interest earned in a year exceeds the prescribed threshold.
Can I withdraw an FD before maturity?
Most banks allow premature withdrawal, usually with a penalty of 0.5–1% on the applicable interest rate. Check your bank's specific terms before booking the FD.
Read more: FD vs RD vs PPF: where should each rupee go?