FD Calculator — Fixed Deposit Maturity Amount Calculator
Calculate your Fixed Deposit returns with different compounding frequencies. Compare FD vs SIP to make the right investment choice.
Calculator Inputs
Maturity
Principal Amount₹1.00 L
Interest Earned₹41,478
Maturity Amount
₹1.41 L
▲7% p.a.
Frequently Asked Questions
FD interest rates in India range from 6.5% to 9% p.a. depending on the bank and tenure. Small finance banks offer the highest rates (8.5–9%), while major PSU banks offer 6.5–7.5% for regular customers.
FD interest is calculated using compound interest: A = P × (1 + r/n)^(nt), where P is principal, r is annual rate, n is compounding frequency, and t is years. Most bank FDs compound quarterly.
Yes. FD interest is fully taxable as per your income tax slab. Banks deduct 10% TDS if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). No TDS is deducted for 5-year tax-saving FDs but returns are still taxable.
There is no maximum limit for FD deposits in Indian banks. However, DICGC insures only up to ₹5 lakh per depositor per bank. For large amounts, consider spreading across multiple banks.
FD offers guaranteed returns (6.5–9%) with full capital safety. SIP in equity funds can deliver higher returns (10–15% historically) but with market risk. FD is better for short-term goals and risk-averse investors; SIP is better for long-term wealth creation.