Fixed Deposit (FD) Calculator

Calculate maturity amount, interest earned, and tax implications for your fixed deposits

FD Calculator
Compound Interest
Tax Calculator

Calculate Your Fixed Deposit

₹1,000 ₹1,00,00,000
₹1,00,000
1% 15%
7.5%
1 year 10 years
1 year
Your Fixed Deposit Results
₹1,07,750
Maturity Amount
92.5% 7.5%
Principal Amount ₹1,00,000
Interest Earned ₹7,750
Interest Rate 7.5% p.a.
Time Period 1 year
Compounding Frequency Half-Yearly

Compound Interest Calculator

Compare different compounding frequencies to maximize your returns.

Compounding Maturity Amount Interest Earned Effective Rate

FD Tax Calculator

Calculate the tax implications on your FD interest earnings.

Tax Calculation Results
₹1,05,425
Amount After Tax
94.8% 5.2% 2.2%
Interest Earned ₹7,750
Tax Payable ₹2,325
TDS Deducted ₹775
Additional Tax Liability ₹1,550
Effective Interest Rate (After Tax) 5.43% p.a.

Key Features

Accurate Calculations

Calculate FD maturity amount with precise compound interest formulas

Flexible Parameters

Adjust investment amount, interest rate, time period, and compounding frequency

Tax Implications

Understand tax impact on your FD interest earnings based on your tax slab

Comparative Analysis

Compare different compounding frequencies to maximize your returns

Frequently Asked Questions

What is a Fixed Deposit (FD)?

A Fixed Deposit (FD) is a financial instrument provided by banks and financial institutions which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.

How is FD interest calculated?

FD interest can be calculated using two methods:

  • Simple Interest (Non-Cumulative): Interest is paid out periodically (monthly, quarterly, etc.) and is calculated only on the principal amount.
  • Compound Interest (Cumulative): Interest is added to the principal periodically and the next interest payment is calculated on this enhanced amount. The compounding can be yearly, half-yearly, quarterly, or monthly.
How is the tax on FD interest calculated?

Interest earned on Fixed Deposits is taxable under "Income from Other Sources" in India. The tax rate depends on your income tax slab under the new tax regime:

  • Up to ₹4,00,000: Nil
  • ₹4,00,001 to ₹8,00,000: 5%
  • ₹8,00,001 to ₹12,00,000: 10%
  • ₹12,00,001 to ₹16,00,000: 15%
  • ₹16,00,001 to ₹20,00,000: 20%
  • ₹20,00,001 to ₹24,00,000: 25%
  • Above ₹24,00,000: 30%

Additionally, if the interest earned exceeds ₹40,000 in a financial year (₹50,000 for senior citizens), the bank will deduct TDS (Tax Deducted at Source) at 10%.

Note: You can claim tax exemption on interest income under section 80TTB up to ₹50,000 for senior citizens.

What is the difference between cumulative and non-cumulative FDs?

Cumulative FDs: Interest is compounded and paid along with the principal at maturity. This option is good for those who don't need regular interest payouts.

Non-Cumulative FDs: Interest is paid out at regular intervals (monthly, quarterly, half-yearly, or yearly) as per the depositor's choice. This option is good for those who need regular income.

How does compounding frequency affect my returns?

The more frequently interest is compounded, the higher the returns. For example, if interest is compounded monthly instead of annually, you'll earn more over the same period because the interest is calculated on the principal plus previously earned interest more frequently.

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