FD Calculator

Calculate Fixed Deposit maturity amount, interest earned, and investment planning for guaranteed returns

FD Maturity Analysis

₹0.00 Maturity Amount
₹0.00 Interest Earned
0.00% Total Returns
Principal Amount: ₹0.00
Interest Component: ₹0.00
Effective Rate: 0.00% p.a.

Investment Planning

₹0.00 Required Principal
₹0.00 Interest Gain
0.00% Total Growth
Required Investment: ₹0.00
Target Amount: ₹0.00
Investment Period: 0 Years

Bank Comparison

₹0.00 Additional Earnings
₹0.00 Bank A Maturity
₹0.00 Bank B Maturity
Better Option: --
Rate Difference: 0.00%
Extra Returns: ₹0.00

How to Use the FD Calculator

Our comprehensive FD calculator provides essential tools for Fixed Deposit investment analysis and planning:

🏦 Maturity Calculator

Calculate FD maturity amount using compound interest formula: A = P(1 + r/n)^(nt). Choose compounding frequency (quarterly/monthly/annually) for accurate calculations. Most banks offer quarterly compounding.

📊 Investment Planning

Determine required principal investment to achieve target maturity amount. Plan your FD investments based on financial goals and calculate the exact deposit needed for your targets.

⚖️ Bank Comparison

Compare FD returns between different banks with varying interest rates. Analyze which bank offers better returns and calculate additional earnings from higher interest rates.

FD Features: Guaranteed returns, capital protection, flexible tenure (7 days to 10 years), higher rates for senior citizens (+0.5%), premature withdrawal facility, loan against FD available, DICGC insurance up to ₹5 lakh.

Frequently Asked Questions

What are current FD interest rates in India?
Current FD rates range from 3% to 8% depending on bank and tenure. Public sector banks: 3-6.5%, Private banks: 4-7.5%, Small finance banks: 6-8%. Senior citizens get additional 0.25-0.5% interest.
How is FD interest calculated?
FD interest is calculated using compound interest formula: A = P(1 + r/n)^(nt). Most banks compound quarterly. For deposits less than ₹15 lakh, interest is paid on maturity or as per chosen frequency.
What is the minimum and maximum FD amount?
Minimum FD amount is ₹1,000 in most banks. There's no upper limit for FD deposits. However, interest on deposits above ₹5 crore may be negotiable and subject to bank's discretion.
Can I break FD before maturity?
Yes, premature withdrawal is allowed with penalty typically 0.5-1% on applicable rate. Some banks don't pay interest if FD is broken within 7 days. Check bank's premature withdrawal policy before investing.
Are FD returns taxable?
Yes, FD interest is taxable as per your income tax slab. Banks deduct TDS at 10% if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year. Submit Form 15G/15H if tax liability is nil.