Fixed Deposit Calculator
PopularCalculate FD returns
Fixed Deposit Calculator
Calculate FD maturity amount with compound interest
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Results
Principal Invested
₹1,00,000
Interest Earned
₹37,009
Maturity Amount
₹1,37,009
How to Use the Fixed Deposit Calculator
- Enter Principal Amount: Input the lump sum amount you want to invest (minimum ₹1,000, maximum ₹10 lakhs for calculation)
- Set Interest Rate: Enter the annual interest rate offered by your bank or financial institution (typically 4-7% for FDs)
- Choose Investment Period: Select tenure from 7 days to 10 years based on your financial goals and liquidity needs
- Select Compounding Frequency: Choose how often interest is compounded (annual, semi-annual, quarterly, or monthly)
- View Real-Time Results: See principal invested, interest earned, and maturity amount update instantly
- Compare Different Scenarios: Adjust rates, tenures, and compounding frequencies to find optimal investment options
- Download Calculation Report: Export detailed breakdown for financial planning and tax preparation
- Plan Tax Liabilities: Calculate post-tax returns by factoring TDS deductions on interest income
Advanced FD Calculator Features
- Multiple Compounding Options: Calculate with annual, semi-annual, quarterly, or monthly compounding frequencies
- Real-Time Calculations: Instant updates as you modify principal, rate, tenure, or compounding frequency
- Flexible Tenure Options: Support for short-term (7 days) to long-term (10 years) fixed deposits
- Interest Breakdown: Clear separation of principal amount vs interest earned components
- Indian Rupee Formatting: All amounts displayed in proper Indian number format with lakhs and crores
- Downloadable Reports: Export calculation results as text file for record-keeping
- Mobile-Responsive Design: Works seamlessly on smartphones, tablets, and desktop computers
- Reset Functionality: Quick reset button to start new calculations instantly
- Privacy Protected: All calculations performed locally - your financial data stays completely private
- Tax-Ready Calculations: Shows interest amounts for easy TDS calculation and tax planning
Why Choose Fixed Deposits for Your Investments?
Fixed Deposits offer guaranteed returns with capital protection, making them ideal for conservative investors seeking steady income and safety of principal. Unlike market-linked investments, FDs provide assured returns and are perfect for building emergency funds, achieving short-term goals, or diversifying investment portfolios. Our FD calculator helps you maximize returns by comparing different tenure and compounding options.
- Guaranteed Returns: Fixed interest rates provide assured returns regardless of market conditions
- Capital Protection: Principal amount is completely safe and guaranteed by banks/FIs
- Flexible Tenure Options: Choose from short-term (7 days) to long-term (10 years) deposits
- Higher Interest than Savings: FD rates typically 4-7% vs 2-3% in savings accounts
- Loan Against FD: Use FD as collateral for loans at attractive interest rates
- Senior Citizen Benefits: Additional 0.5% interest rate for investors above 60 years
- Auto-Renewal Option: Automatically reinvest maturity amount for continued growth
- Nomination Facility: Secure your family's future by nominating beneficiaries
Who Should Use FD Calculator?
Conservative Investors
Risk-averse individuals seeking guaranteed returns and capital protection. Perfect for building emergency funds or parking surplus funds safely while earning better returns than savings accounts.
Retirees & Senior Citizens
Senior citizens can earn additional 0.5% interest on FDs. Ideal for regular income generation and capital preservation for retirement planning and medical emergencies.
Short-term Goal Planners
Individuals saving for specific goals like vacations, weddings, or down payments. Short-term FDs (6-12 months) offer competitive rates with liquidity for planned expenses.
Portfolio Diversifiers
Investors looking to balance equity exposure with safe, fixed-income assets. FDs provide stability and regular income to complement market-linked investments.
Understanding Fixed Deposit Calculations
Fixed Deposits work on the principle of compound interest where your principal amount earns interest at a fixed rate for a predetermined period. The interest can be compounded annually, semi-annually, quarterly, or monthly, significantly impacting your final maturity amount. The longer the tenure and more frequent the compounding, the higher your returns.
Key FD Terms:
- Principal Amount: Initial lump sum deposited
- Interest Rate: Annual rate offered by bank/FI
- Tenure: Lock-in period (7 days to 10 years)
- Compounding Frequency: How often interest is calculated and added
- Maturity Amount: Principal + accumulated interest
- TDS: Tax Deducted at Source on interest above ₹40,000
The power of compounding makes FDs particularly attractive for long-term investments. For example, monthly compounding can yield significantly higher returns than annual compounding for the same rate.
Frequently Asked Questions About FD Calculator
What is the minimum and maximum FD amount?
Most banks accept minimum FD deposits of ₹1,000, with no upper limit for individual investors. However, deposits above ₹5 lakhs may require PAN card submission. Our calculator supports amounts from ₹1,000 to ₹1 crore for comprehensive planning.
How does compounding frequency affect FD returns?
More frequent compounding yields higher returns. For example, at 6% annual rate: Annual compounding gives ~6.0% effective return, while monthly compounding provides ~6.17%. Our calculator shows how different compounding frequencies impact your maturity amount.
What are the penalties for premature FD withdrawal?
Premature withdrawal penalties vary by bank and tenure. Typically 0.5-1% of principal amount, plus interest rate reduction to savings account rate (2-3%). Early withdrawal is not recommended due to significant loss of returns. Check specific bank policies before investing.
Is FD interest taxable?
Yes, FD interest is taxable as per your income tax slab. Banks deduct TDS at 10% if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if your total income is below taxable limit. Interest is added to taxable income.
What are the benefits for senior citizens?
Senior citizens (60+ years) get 0.5% additional interest on FDs. They also get higher TDS threshold (₹50,000 vs ₹40,000) and can submit Form 15H to avoid TDS. Many banks offer special rates and waiver of processing fees for senior citizens.
Can I get a loan against my FD?
Yes, most banks offer loans against FD up to 80-90% of the deposit value. Interest rates are typically 1-2% above the FD rate. The FD continues earning interest, and loan EMIs are deducted from FD interest. This provides liquidity without breaking the FD.
Is my FD data safe and private?
Yes, completely safe and private. Our FD calculator performs all calculations locally in your browser. No data is sent to servers, stored, or shared. Your financial information remains on your device only. We don't collect personal data, require registration, or use cookies for tracking.
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Use our comprehensive FD calculator to compare different banks, tenures, and compounding options. Make informed decisions to maximize your returns while ensuring capital safety.
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