Fixed Deposit Calculator
Know your returns before you invest. Quarterly compounding included.
Maturity Amount
₹ 0
Total Investment
₹ 0
Total Interest Earned
₹ 0
How is FD Interest Calculated?
In India, most banks calculate Fixed Deposit interest using the **Quarterly Compounding** method. This means the interest earned every 3 months is added to the principal, and subsequent interest is calculated on this increased amount.
Formula
A = P × (1 + r/n)^(n×t)
A = Maturity Amount, P = Principal, r = Rate (decimal), n = Compounding freq, t = Years
A = Maturity Amount, P = Principal, r = Rate (decimal), n = Compounding freq, t = Years
TDS on FD Interest
If your interest income exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year, banks deduct 10% TDS (Tax Deducted at Source). You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.