FD Calculator
How to Use
- Enter the fixed deposit amount
- Enter annual interest rate offered by bank
- Enter tenure in years
- Select compounding frequency
- Click Calculate to see maturity amount
FD Maturity Formula
A = P(1 + r/n)^(nt)
Example: Where P = Principal, r = Rate, n = Compounding frequency, t = Time
Frequently Asked Questions
What is an FD?
Fixed Deposit (FD) is a financial instrument where you deposit money for a fixed period at a fixed interest rate.
Is FD interest taxable?
Yes, interest earned on FD is taxable. TDS is deducted if interest exceeds ₹40,000 per year (₹50,000 for senior citizens).
Can I withdraw FD before maturity?
Yes, but you may have to pay a penalty and receive lower interest rates.
Which bank offers highest FD rates?
FD rates vary by bank and tenure. Small finance banks typically offer higher rates than larger banks.