FD Calculator
FD maturity with your compounding frequency.
Invested
₹1 L
Interest earned
₹41.48K
Maturity value
₹1.41 L
- Deposit₹1 L
- Interest₹41.48K
How it works
Banks compound FD interest — usually quarterly — so interest starts earning interest. Maturity = principal × (1 + rate/frequency)^(frequency × years). More frequent compounding gives slightly more.
Example
₹1 lakh at 7% for 5 years with quarterly compounding matures to about ₹1.41 lakh.
FAQs
Does compounding frequency matter?
A little. Monthly compounding beats yearly at the same rate. The rate itself and the tenure matter far more.
Is there a penalty for breaking an FD early?
Usually yes — banks pay 0.5–1% less than the contracted rate for the period the money stayed. Check your bank's terms.
Is FD interest taxable?
Yes, fully taxable at your slab rate. Banks deduct 10% TDS if yearly interest exceeds the threshold (₹40,000 for most, ₹50,000 for seniors).
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