FD Calculator
Calculate the maturity value and interest of your fixed deposit with quarterly compounding.
How fixed deposits work
A fixed deposit locks a lump sum for a fixed period at a guaranteed interest rate. It's one of the safest savings options in India — your principal is protected and returns are predictable, though usually lower than market-linked investments.
Most banks compound FD interest quarterly. This calculator uses A = P × (1 + r/4)^(4×t), where P is the principal, r is the annual rate, and t is the number of years.
Yes. Interest earned on fixed deposits is added to your income and taxed as per your slab. Banks may deduct TDS if interest crosses the threshold.
Usually yes, but premature withdrawal often attracts a small penalty and a slightly lower interest rate. Check your bank's terms.
Estimates for educational purposes only. Actual bank rates and compounding may vary. Not financial advice.