Savings
FD calculator: maturity value of a fixed deposit
Calculate the maturity amount and interest on a bank fixed deposit, compounded every quarter as most Indian banks do.
How it works
Maturity = P × (1 + r ÷ 4)^(4t), where P is the deposit, r is the yearly rate and t is the tenure in years. Banks compound most FDs every quarter.
Questions people ask
Is FD interest taxable?
Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct TDS once interest crosses the yearly threshold.
Why does my bank show a slightly different figure?
Banks round off differently and may use the exact number of days. The difference is usually a few rupees.
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Results are estimates for planning only and are not financial or tax advice.