FD Calculator
Fixed deposit maturity & interest — with quarterly compounding (as banks do in India).
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₹1k₹1 Cr
1%15%
3 months10 years
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How FD maturity is calculated
Banks compound FD interest, usually every quarter. The maturity amount is:
A = P × (1 + r/n)n×t
- P = deposit amount
- r = annual interest rate (as a decimal)
- n = times interest is compounded per year (4 for quarterly)
- t = tenure in years
FAQ
- Is FD interest taxable?
- Yes. FD interest is added to your income and taxed at your slab rate. Banks may deduct TDS if interest crosses the limit.
- Which compounding should I pick?
- Most Indian banks compound quarterly for standard FDs. Use the toggle to compare.