Find out exactly how much your fixed deposit will be worth at maturity, with quarterly, monthly, half-yearly, yearly or simple interest.
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Fixed Deposit Calculator
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Most Indian banks compound FD interest quarterly. Interest is taxable at your slab rate; TDS applies above the yearly threshold.
FD maturity formula
Maturity = P × (1 + r/n)n×t, where P is the deposit, r is the annual rate, n is the number of compounding periods per year and t is the tenure in years.
Frequently asked questions
How often do banks compound FD interest?
Most Indian banks compound fixed deposits quarterly. Short deposits (under 6 months) often earn simple interest.
Do senior citizens get higher FD rates?
Yes, most banks offer senior citizens an extra 0.25%–0.75% per year.
Is FD interest taxable?
Yes, FD interest is added to your income and taxed at your slab rate. Banks deduct TDS when interest crosses the yearly threshold.
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