Fixed Deposit (FD) Calculator
Calculate FD maturity amount and interest earned based on principal, tenure, and interest rate.
About This Calculator
🧮 FD Formulas
A = P × (1 + r/n)^(n×t)📊 FD Rate Comparison
| Tenure | Typical Rate | Senior Citizen |
|---|---|---|
| 7-14 days | 3.0-4.0% | +0.5% |
| 1-6 months | 4.5-5.5% | +0.5% |
| 6-12 months | 5.5-6.5% | +0.5% |
| 1-3 years | 6.0-7.0% | +0.5% |
| 3-5 years | 6.5-7.5% | +0.5% |
*Rates vary by bank and economic conditions
💡 FD Tips
- Ladder your FDs: Split into multiple tenures for liquidity
- Compare rates: Small banks often offer 0.5-1% higher rates
- Senior citizen bonus: Usually 0.25-0.5% extra interest
- Tax-saving FDs: 5-year lock-in with 80C deduction
- Auto-renewal: Set up to avoid missing maturity
❓ FAQ
Is FD interest taxable?
Yes, FD interest is taxable as per your income tax slab. TDS is deducted if interest exceeds $400/year (threshold varies by country).
Can I break FD before maturity?
Yes, but you'll typically lose 0.5-1% of the interest rate as penalty. Some banks offer no-penalty FDs with slightly lower rates.
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? Frequently Asked Questions
How accurate is this
This calculator uses standard formulas and provides accurate results for typical use cases. For professional or critical applications, always verify results with certified professionals or official sources.
Is this calculator free to use?
Yes, this FD Calculator • Banking • Calculator is completely free to use with no registration required. You can use it as many times as needed without any limitations.
Can I use this on mobile devices?
Absolutely! This calculator is fully responsive and works perfectly on smartphones, tablets, and desktop computers.
How do I interpret the results?
The results are displayed clearly with appropriate units. Refer to the "About This Calculator" section for detailed information.