Financial Tools
Fixed Deposit Calculator
Calculate your fixed deposit returns and maximize your savings with our easy-to-use calculator
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Instant Results
One Lakh Rupees Only
Your FD Returns
Principal Amount
₹1,00,000
Interest Earned
₹43,500
Total Amount
₹1,43,500
Effective Annual Yield
7.76%
Yearly Breakdown
Tax Information
TDS Applicable: If interest > ₹40,000 (₹50,000 for seniors)
Tax Rate: As per your income tax slab
About Fixed Deposits
Fixed Deposits (FDs) are a popular investment option in India that offer guaranteed returns at a fixed interest rate for a predetermined period. They are considered one of the safest investment avenues with minimal risk.
FD Calculator FAQs
How is FD interest calculated?
FD interest is calculated using compound interest formula: A = P(1 + r/n)^(nt), where A is maturity amount, P is principal, r is annual interest rate, n is compounding frequency, and t is tenure in years.
What is the minimum deposit for an FD?
The minimum deposit amount varies by bank, but typically starts from ₹1,000 for most banks in India.
Are FD returns taxable?
Yes, interest earned on FDs is taxable as per your income tax slab. TDS is deducted if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.
Can I withdraw my FD before maturity?
Yes, but premature withdrawal usually attracts a penalty of 0.5-1% on the interest rate, and you may not receive the full interest amount.