What is a Fixed Deposit (FD)?

A Fixed Deposit (FD) is a financial instrument provided by banks and NBFCs which offers investors a guaranteed rate of interest higher than regular savings accounts until a given maturity date.

How is FD Interest calculated in Indian Banks?

Most Indian banks calculate FD interest on a quarterly compounding basis using the compound interest formula: A = P × (1 + r/n)^(n × t).

Do Senior Citizens get higher FD interest rates?

Yes, senior citizens (age 60+) generally receive an additional 0.50% p.a. interest rate on bank fixed deposits across most Indian banks.

What is a 5-Year Tax Saving Fixed Deposit?

A 5-year Tax Saving FD offers tax deductions up to ₹1.5 Lakhs per year under Section 80C of the Income Tax Act with a mandatory 5-year lock-in period.

Is TDS deducted on Bank Fixed Deposit interest?

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

FD Calculator

Calculate Fixed Deposit Interest & Maturity Value Online

Calculate guaranteed fixed deposit returns with quarterly compounding. Instant calculation for SBI, HDFC, ICICI, and all Indian Bank FDs.

100% Free Tool Guaranteed Returns Senior Citizen Rates

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Fixed Deposit Safe Savings

Total Investment Amount (₹)

₹

Interest Rate (p.a %)

Time Period (Years)

FD Result Summary

Principal Deposit: ₹1,00,000

Interest Earned: ₹41,478

Total Maturity Value (Quarterly Compounded)

₹1,41,478

Principal (71%) Interest (29%)

What is a Fixed Deposit?

A Fixed Deposit (FD) is a risk-free investment option offered by banks and non-banking financial companies (NBFCs) in India. You deposit a fixed sum of money for a fixed tenure at an agreed interest rate, receiving total principal plus compounded interest upon maturity.

FD Calculation Formula

A = P × (1 + r/n)^(n × t)

• A = Maturity Amount

• P = Principal Deposit Amount

• r = Annual Interest Rate (in decimal)

• n = Compounding frequency per year (4 for quarterly)

• t = Tenure in Years

Frequently Asked Questions (FAQs)

Useful Tip: 5-Year Tax Saver FDs offer tax deduction up to ₹1.5 Lakhs under Section 80C of the Income Tax Act!

Disclaimer & Important Notice

This online FD calculator is provided strictly for educational and informational purposes only. Bank FD interest rates, TDS rules, and premature withdrawal penalties vary across Indian banks. Please verify current rates with your bank branch before opening an FD account.

FD Calculator

FD Result Summary

What is a Fixed Deposit?

FD Calculation Formula

Frequently Asked Questions (FAQs)

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