Calculate your FD maturity amount for any bank. Supports both simple and compound interest. Enter principal, rate, and tenure to get exact returns.
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The amount you want to deposit in the FD.
Check your bank's current FD rate — varies by tenure and bank.
Enter years, months, or days.
Most Indian banks compound quarterly. Choose accordingly.
FD interest uses compound interest formula:
P = Principal r = Rate/100 n = Compounding periods/year t = Years
Most Indian banks compound quarterly (n=4). TDS at 10% applies if interest exceeds ₹40,000/year (₹50,000 for senior citizens).
A Fixed Deposit is a financial instrument where you deposit a lump sum with a bank for a fixed period at a predetermined interest rate. It is one of the safest investments in India.
Banks deduct 10% TDS if your FD interest exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if your income is below taxable limit.
Small finance banks like Unity, Suryoday, and ESAF typically offer 8–9% on FDs. Large PSU and private banks offer 6.5–7.5%. Rates change frequently — check your bank directly.
Yes but with a penalty — typically 0.5–1% less than the applicable rate for the actual tenure held.