Is FD interest taxable?

Yes, interest earned on Fixed Deposits is fully taxable as per your income tax slab. Banks also deduct TDS if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.

What is the benefit of compounding?

Compounding means you earn interest on your interest. The more frequent the compounding (e.g., Quarterly vs Yearly), the higher the effective return.

Can I withdraw my FD early?

Yes, but most banks charge a penalty (usually 0.5% to 1%) on the interest rate for premature withdrawal.

FD Calculator

Estimate returns on your Fixed Deposits

Investment Details

Total Investment

Interest Rate (% p.a.)

Tenure Period

Years

Months

Compounding Frequency

⚠️Quarterly compounding is standard for most banks. Calculations are indicative.

Maturity Value

₹1,38,042

Estimated Returns

₹38,042

Growth Visualization

What is FD Calculator?

A Fixed Deposit (FD) Calculator helps you estimate the maturity amount and interest earned on your deposit. It assumes compound interest, which is the standard method used by banks for FDs with tenures longer than a few months.

How it Works