UtilityDesk.in | Productivity Tools for India

Deposit Amount (₹)Amount to deposit as FD

Interest Rate (% p.a.)FD rate offered by your bank

Tenure (Years)FD deposit period

Compounding FrequencyHow often interest is compounded

Deposit Amount

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Your principal

Total Interest

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Interest earned

Maturity Value

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Deposit + Interest

What Is an FD Calculator?

A Fixed Deposit Calculator computes the maturity value of your FD before booking it. Banks offer FDs at 6-8.5% p.a. depending on tenure, amount, and senior citizen status.

FD interest is compounded quarterly by most banks (per RBI guidelines). Our calculator accounts for compounding frequency to give accurate results matching what banks actually pay.

Frequently Asked Questions

What is the current FD interest rate?

Major banks offer 6.5-7.5% for general citizens and 7-8% for senior citizens. Small finance banks offer up to 8.5%. Rates vary by bank, tenure, and amount.

Is FD interest taxable?

Yes, FD interest is fully taxable at your slab rate. TDS is deducted at 10% if interest exceeds ₹40,000/year (₹50,000 for seniors). Submit Form 15G/15H if income is below taxable limit.

Can I break FD before maturity?

Yes, after 7 days. A penalty of 0.5-1% is charged on the applicable rate. Tax-saving FDs (5-year) cannot be prematurely withdrawn.

Cumulative vs non-cumulative FD?

Cumulative FD reinvests interest (compounding benefit), paid at maturity. Non-cumulative pays interest periodically (monthly/quarterly). Cumulative gives higher effective returns.

FD Calculator

FD Growth Over Time

Yearly Breakdown

What Is an FD Calculator?

FD Maturity Formula

Frequently Asked Questions

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FD Growth Over Time

Yearly Breakdown

What Is an FD Calculator?

FD Maturity Formula

Frequently Asked Questions

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