FinanceApp
All Tools
Free Tool

FD Calculator

Calculate your Fixed Deposit maturity amount, interest earned, and post-tax returns with different compounding frequencies.

FD Details

₹
7%
0%

Enter your tax bracket to see post-tax returns. Leave at 0% if not applicable.

Maturity Amount

₹1.41 L

This is the total amount you will receive at maturity, including principal and interest.

Returns Breakdown

Principal Amount

₹1.00 L

Total Interest

₹41,478

Effective Annual Rate

7.19%

Investment Breakdown

Principal (70.7%)
Interest (29.3%)

FD Calculation Formula

A = P × (1 + r/n)^(n×t)
  • A: Maturity Amount (Final Value)
  • P: Principal (Initial Deposit)
  • r: Annual Interest Rate (as decimal)
  • n: Compounding Frequency per Year
  • t: Time Period in Years

Effective Annual Rate (EAR): EAR = (1 + r/n)^n - 1. This shows the actual annual return when compounding is considered.

Related Tools

Compound Interest Calculator

Calculate compound interest with various compounding frequencies. See how your money grows over time.

Open Calculator

ROI Calculator

Calculate Return on Investment for your investments. Compare different investment options easily.

Open Calculator

EMI Calculator

Calculate Equated Monthly Installments for loans. See payment breakdowns and amortization schedules.

Open Calculator

FIRE Calculator

Calculate your path to Financial Independence and Retire Early. Find your FIRE number and timeline.

Open Calculator

Learn About Fixed Deposits

What is a Fixed Deposit (FD)?

A Fixed Deposit (FD) is a financial instrument offered by banks and financial institutions that provides a higher rate of interest than a regular savings account. In an FD, you deposit a lump sum amount for a fixed tenure, ranging from 7 days to 10 years. The interest rate is fixed at the time of deposit and remains constant throughout the tenure, making it a safe and predictable investment option.

Types of Fixed Deposits

Standard FD

Regular term deposit with fixed interest rate

Tax-Saving FD

5-year lock-in with tax deduction under 80C

Senior Citizen FD

Higher interest rates for seniors (60+)

Cumulative FD

Interest paid at maturity with compounding

Non-Cumulative FD

Regular interest payouts (monthly/quarterly)

Flexi FD

Linked to savings account for liquidity

Benefits of Fixed Deposits

  • ✓Guaranteed Returns: Fixed interest rate ensures predictable returns
  • ✓Low Risk: Bank FDs are insured up to Rs. 5 lakh by DICGC
  • ✓Flexible Tenure: Choose from 7 days to 10 years
  • ✓Loan Against FD: Borrow up to 90% of FD value at lower rates
  • ✓Tax Benefits: 5-year tax-saving FD eligible under Section 80C
  • ✓Easy to Open: Available at all banks with minimal documentation

Tax on Fixed Deposit Interest

Interest earned on Fixed Deposits is fully taxable as per your income tax slab. Banks deduct TDS (Tax Deducted at Source) at 10% if the total interest earned in a financial year exceeds Rs. 40,000 (Rs. 50,000 for senior citizens). If you don't provide your PAN, TDS is deducted at 20%.

Tip: Use our calculator's tax rate feature to see your actual post-tax returns. Consider tax-saving FDs for deductions under Section 80C (up to Rs. 1.5 lakh).