FD Calculator

Our free Fixed Deposit Calculator helps you calculate the maturity amount and total interest earned on your FD. Enter the principal amount, annual interest rate, tenure, and compounding frequency to instantly see how much your FD will be worth at maturity.

What is a Fixed Deposit (FD)?

A Fixed Deposit is a financial instrument offered by banks and NBFCs where you deposit a lump sum for a fixed period at a predetermined interest rate. FDs are one of the safest investment options with guaranteed returns.

Compounding Frequencies

• Annually (1)
• Half-yearly (2)
• Quarterly (4) — most common for bank FDs
• Monthly (12)

Frequently Asked Questions

Which bank offers the best FD rates?

FD rates vary by bank and tenure. Small finance banks and some NBFCs often offer higher rates (7–9%) than major banks (6–7%).

Is FD interest taxable?

Yes. FD interest is added to your income and taxed as per your income tax slab. TDS is deducted if interest exceeds $40,000/year.