FD Calculator
Calculate fixed deposit maturity value with quarterly compounding.
How FDs work
A fixed deposit locks money with a bank for a chosen tenure at a fixed rate, compounded quarterly in India. It is capital-safe and predictable, making it a staple for emergency funds and conservative savers.
The formula
Maturity = P × (1 + r/4)^(4×t), reflecting quarterly compounding. Interest is fully taxable at your slab rate.
Frequently asked questions
Is FD interest taxable?
Yes, FD interest is added to your income and taxed at your slab rate. Banks deduct TDS if interest exceeds ₹40,000 (₹50,000 for seniors) per year.