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Fixed Deposit Calculator
Calculate FD maturity amount with compound interest and tax deductions
FD Details
Calculate Your FD Returns
Enter deposit details to see maturity amount
About Fixed Deposits
What is FD?
Fixed Deposit (FD) is a financial instrument provided by banks which provides investors a higher rate of interest than a regular savings account, until the given maturity date.
Key Features
- Guaranteed returns
- Capital protection
- Flexible tenure (7 days to 10 years)
- Senior citizens get 0.5% extra
Tax Implications
- • Interest is fully taxable as per income tax slab
- • TDS of 10% if interest exceeds ₹40,000 (₹50,000 for senior citizens)
- • Can claim refund if total tax liability is lower
- • Submit Form 15G/15H to avoid TDS if applicable
Premature Withdrawal
Premature withdrawal is allowed but usually comes with a penalty of 0.5-1% on interest rate. Some banks don't allow withdrawal before minimum period (usually 7 days).