FD Calculator
Calculate Fixed Deposit maturity amount and interest earned. Supports different compounding frequencies.
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Maturity Amount
₹1,07,186
Principal
₹1,00,000
Interest Earned
₹7,186
Principal vs Interest
93%
Principal Interest
Effective Duration
1.0 years (12 months)
Frequently Asked Questions
How is FD interest calculated?
FD interest is calculated using compound interest: A = P(1 + r/n)^(nt), where P is principal, r is annual rate, n is compounding frequency, and t is tenure in years.
Which compounding frequency gives the highest FD returns?
Monthly compounding yields the highest returns, followed by quarterly, half-yearly, and yearly. The difference is small but adds up on larger deposits and longer tenures.
Is FD interest taxable in India?
Yes, FD interest is taxable as per your income tax slab. TDS of 10% is deducted by banks if annual interest exceeds Rs 40,000 (Rs 50,000 for senior citizens).
Can I withdraw my FD before maturity?
Yes, most banks allow premature withdrawal of FDs, but a penalty of 0.5-1% is typically deducted from the applicable interest rate.