FD Calculator
Free FD Calculator: Calculate fixed deposit maturity amount and interest earned. Supports cumulative (compound) and simple interest with monthly, quarterly, half-yearly, or yearly compounding. Best online FD calculator for India.
Invested amount
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Interest earned
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Maturity amount
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What is a Fixed Deposit?
A Fixed Deposit (FD) is a savings instrument offered by banks and NBFCs in India where you invest a lump sum for a fixed tenure at a predetermined interest rate. Most Indian banks compound interest quarterly on cumulative FDs.
FD Formula
Compound: A = P × (1 + r/n)^(n × t)Simple: A = P × (1 + r × t)Related Finance Tools
Frequently Asked Questions
What is an FD Calculator?
An FD (Fixed Deposit) Calculator estimates the maturity value of a bank or NBFC fixed deposit. Enter the principal, interest rate, tenure, and compounding frequency to see interest earned and the final amount.
How do Indian banks usually compound FD interest?
Most Indian banks compound interest quarterly on cumulative FDs. This calculator defaults to quarterly compounding and also supports monthly, half-yearly, and yearly compounding, plus simple interest.
What is the difference between cumulative and simple interest FD?
A cumulative FD reinvests interest so you receive a higher maturity amount at the end. Simple interest pays interest without compounding. Cumulative FDs generally earn more over the same tenure.
Is FD interest taxable in India?
Yes, FD interest is taxable as per your income tax slab. Banks may also deduct TDS if interest exceeds the threshold in a financial year. This calculator shows gross maturity before tax.