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Fixed Deposit (FD) Calculator
Calculate fixed deposit maturity value and interest earned with monthly, quarterly, half-yearly or yearly compounding.
How FD maturity is calculated
Maturity = P × (1 + r/k)k×t, where r is the annual rate, k the compounding periods per year and t the years. Most Indian banks compound FD interest quarterly. Tax on interest is not included.
Frequently asked questions
Is FD interest taxable?
Yes, FD interest is added to your income and taxed at your slab rate. Banks deduct TDS above the prescribed limit.
Results are estimates for planning. Actual figures depend on the bank, your profile and the date of disbursement.
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