How to Use the FD Calculator
Enter principal, interest rate, and tenure. Choose cumulative or monthly payout FD. The calculator shows maturity amount, interest earned, and post-tax returns.
FD Calculator Formula
A = P × (1 + r/4)^(4n)r= Annual rate (decimal)n= Tenure in years
Example Calculation
₹5 lakh FD at 7% for 3 years (cumulative):
A = 500000 × (1 + 0.07/4)^12 = 500000 × 1.2314
Maturity ≈ ₹6,15,700; Interest ≈ ₹1,15,700
Frequently Asked Questions
Is FD interest taxable?
Yes. FD interest is added to your income and taxed at your applicable slab rate. TDS is deducted at 10% if interest exceeds ₹40,000/year (₹50,000 for senior citizens).