Fixed Deposit (FD) Calculator
Plan your savings with precision. Calculate your total interest earnings and the maturity value of your investment over time.
Total Interest Earned: 0
Maturity Amount: 0
How to Use the FD Calculator
To estimate your returns, enter your Investment Amount (the total money you are depositing). Input the Annual Interest Rate provided by your financial institution and the Tenure in years. Click calculate to see how much interest you will earn by the end of the term and your total final balance.
Frequently Asked Questions
What is a Fixed Deposit? +
A Fixed Deposit (FD) is a financial instrument provided by banks or NBFCs which offers investors a higher rate of interest than a regular savings account, until a given maturity date. It is considered a low-risk investment.
How is FD interest calculated? +
This calculator uses the Simple Interest formula: (Principal × Rate × Time) / 100. Note that some banks use compound interest (monthly or quarterly), which may result in slightly higher returns than shown here.
Can I withdraw money before maturity? +
Yes, most banks allow premature withdrawal, but they typically charge a small penalty fee and may offer a lower interest rate than originally promised for the shortened period.
Is the interest taxable? +
In many regions, interest earned on Fixed Deposits is considered taxable income. Banks may also deduct Tax Deducted at Source (TDS) if your interest income exceeds a certain threshold per year.
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