Worked Example: ₹5L FD for 5 years at 7%
Inputs
- Deposit₹5,00,000
- Rate7% p.a.
- Tenure5 years
Results
- Maturity Amount~₹7,01,276
- Interest~₹2,01,276
FD interest is taxable per your income slab. TDS applies if interest exceeds ₹40,000/year (₹50,000 for seniors).
How Fixed Deposit (FD) Calculator Works
Enter deposit amount, annual interest rate, and tenure. FD interest is typically compounded quarterly in India.
Frequently Asked Questions
How is FD interest calculated?
Banks typically compound FD interest quarterly using the compound interest formula.
Is FD interest taxable?
Yes, FD interest is taxable as per your income tax slab in India.
Disclaimer
- This calculator gives you an estimate only. It is not a promise of exact results.
- This is general information, not personal financial, tax, or legal advice.
- You are responsible for your own decisions. Talk to a qualified professional when it matters.
- Banks set their own deposit rates and terms. Check with your provider.