FD Calculator

Fixed deposits use the standard compound interest formula: A = P(1 + r/n)^(nt). Most banks compound quarterly by default, which is why that's the pre-selected option above — check your bank's specific terms, since some compound monthly or annually instead.

In most jurisdictions, yes — FD interest is generally added to your taxable income and taxed at your applicable slab rate. This calculator shows the gross maturity value before any tax is deducted.

Most banks charge a penalty (often 0.5–1% off the applicable rate) for premature withdrawal. This calculator assumes the FD runs its full term without early withdrawal.