FD Calculator
Maturity Amount: ₹—
Interest Earned: ₹—
Frequently Asked Questions
What is a Fixed Deposit (FD)?
A Fixed Deposit is a safe investment option where you deposit a lump sum for a fixed period and earn interest at a predetermined rate.
How is FD maturity calculated?
FD maturity is calculated using compound interest depending on the deposit amount, interest rate, tenure, and compounding frequency.
Which FD compounding frequency is best?
Quarterly compounding usually offers slightly higher returns compared to yearly or half-yearly compounding.
Is FD interest taxable?
Yes, FD interest is taxable in India and added to your total income as per applicable income tax slab.