Fixed Deposit Calculator - Calculate FD Returns with Compound Interest

Our Fixed Deposit (FD) Calculator helps you calculate the maturity amount and interest earnings on your fixed deposits. Whether you're planning to invest in a bank FD or comparing different FD schemes, this calculator provides accurate results based on compound interest calculations.

How to Use the FD Calculator

1. Enter Principal Amount: Input the amount you want to invest in the fixed deposit
2. Set Interest Rate: Enter the annual interest rate offered by your bank
3. Choose Time Period: Select the tenure of your FD in months or years
4. Select Compounding Frequency: Choose how often interest is compounded (annually, quarterly, etc.)

Key Features of Our FD Calculator

• Accurate Calculations: Uses compound interest formula for precise results
• Bank Rate Comparison: Compare FD rates across major Indian banks
• Visual Charts: Interactive charts showing growth and breakdown
• Maturity Date: Shows exact maturity date of your fixed deposit
• Tax Information: Includes important tax-related information

Understanding Fixed Deposit Calculations

Fixed Deposits use compound interest calculation: Maturity Amount = P × (1 + r/n)^(n×t)

Where:

• P = Principal amount
• r = Annual interest rate
• n = Compounding frequency per year
• t = Time period in years

Benefits of Fixed Deposits

• Guaranteed Returns: Fixed deposits offer assured returns
• DICGC Insurance: Protected up to ₹5 lakh per depositor per bank
• Flexible Tenure: Choose from 7 days to 10 years
• Regular Income: Option for monthly/quarterly interest payouts

Important FD Terms to Know

• Maturity Amount: Total amount you receive at the end of FD tenure
• Compound Interest: Interest calculated on principal plus accumulated interest
• Premature Withdrawal: Withdrawing FD before maturity (may attract penalty)
• TDS: Tax Deducted at Source if interest exceeds ₹40,000 per year

Tax Implications of Fixed Deposits

• Interest earned on FDs is taxable as per your income tax slab
• Banks deduct TDS if interest exceeds ₹40,000 in a financial year
• Senior citizens get TDS exemption up to ₹50,000
• Consider tax-saving FDs under Section 80C for additional benefits

Tips for FD Investment

1. Compare Rates: Different banks offer different FD rates
2. Ladder Strategy: Split investment across multiple FDs with different maturities
3. Consider Inflation: Ensure FD returns beat inflation
4. Emergency Fund: Keep some funds in liquid investments
5. Tax Planning: Consider tax-saving FDs if eligible

Start calculating your FD returns now and make informed investment decisions!