Fixed Deposit (FD) Calculator

Calculate how much your fixed deposit will grow at maturity

Invested Amount: 0.00
Interest Earned: 0.00
Maturity Value: 0.00

What is a Fixed Deposit?

A Fixed Deposit (FD) is a financial instrument where you deposit a lump sum for a fixed tenure at a guaranteed interest rate. It is one of the safest investment options available.

FD Maturity Formula

A = P × (1 + r/n)^(n × t)

  • A = Maturity amount
  • P = Deposit amount
  • r = Annual interest rate (decimal)
  • n = Compounding frequency per year
  • t = Tenure in years

Benefits of Fixed Deposits

  • Guaranteed returns with zero market risk
  • Flexible tenure from 7 days to 10 years
  • Higher rates for senior citizens (0.25%–0.5% extra)
  • Tax-saving FDs under Section 80C (5-year lock-in)
  • Loan facility against FD (up to 90%)
  • Premature withdrawal option available
  • Monthly/quarterly interest payout options
  • Covered by DICGC insurance up to ₹5 lakh

Frequently Asked Questions

Is TDS deducted on FD interest?

Yes, if the total interest income exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year, TDS at 10% is deducted. Submit Form 15G/15H to avoid TDS if your total income is below taxable limit.

Can I break my FD before maturity?

Yes, but you may incur a penalty of 0.5%–1% on the applicable interest rate. Tax-saving FDs cannot be broken before 5 years.