FD Calculator
₹ 1,38,042
Frequently Asked Questions
How is Fixed Deposit interest calculated in India?
Indian banks compound FD interest quarterly. Formula: A = P(1 + r/n)^(nt), where P is principal, r is annual rate, n is compounding frequency (4 for quarterly), and t is tenure in years.
Is the FD Calculator free?
Yes, completely free. No signup or account required.
What is the current FD interest rate in India?
FD interest rates in India range from 6.5% to 8.5% p.a. depending on the bank and tenure. Senior citizens typically get 0.25–0.5% extra.
Is FD interest taxable in India?
Yes. FD interest is added to your income and taxed at your income tax slab rate. TDS is deducted at 10% if interest exceeds ₹40,000 per year (₹50,000 for senior citizens).
What is the minimum FD amount?
Most banks allow FDs starting from ₹1,000. Post Office FDs start from ₹1,000 as well.
How to Use FD Calculator
Enter your principal amount — the amount you plan to deposit in the Fixed Deposit.
Set the annual interest rate. Check your bank's current FD rates; most banks offer 6.5%–8.5% p.a. in 2025.
Enter the tenure in months or years and select the compounding frequency (quarterly is standard for Indian banks).
Your maturity amount and total interest earned appear instantly — use this to compare FD offers across banks.