FD Calculator
Fixed Deposit maturity
Inputs
Maturity
Principal
Interest earned
Maturity value
Effective annual yield
FD basics
Fixed Deposits lock your money for a fixed period at a predefined rate of interest. Most Indian banks compound interest quarterly; some smaller banks and NBFCs do monthly. Senior citizens typically get 0.5% extra rate.
Tax on FD interest
Interest is fully taxable at slab rate, with TDS deducted by the bank if interest exceeds ₹40,000/year (₹50,000 for senior citizens). To genuinely compare an FD against an equity mutual fund, compare post-tax: a 7% FD at 30% slab nets 4.9% post-tax — barely above inflation.