Fixed Deposit Calculator - Calculate FD Returns Online
Free online FD calculator to calculate maturity value, interest earned, and compare returns. Plan your fixed deposits with accurate calculations.
About FD Calculator
Our Fixed Deposit Calculator is a comprehensive financial tool designed to help you plan your lump sum investments through Fixed Deposits. FDs are one of the most popular investment instruments in India, offering guaranteed returns with high safety.
This advanced calculator provides accurate maturity value calculation using standard FD formulas approved by Indian banks. Whether you're planning for short-term goals or long-term wealth creation, this tool helps you make informed investment decisions.
Key Features:
- Accurate maturity value calculation for different payout frequencies
- Senior citizen interest rate benefits
- Detailed interest breakdown
- Comparison with other investment options
- Professional reporting for financial planning
Frequently Asked Questions
A Fixed Deposit is a financial instrument offered by banks and NBFCs that provides investors with a higher rate of interest than regular savings accounts, until the given maturity date.
FD interest is calculated using compound interest formula: A = P(1 + r/n)^(nt) where A is maturity amount, P is principal, r is annual interest rate, n is compounding frequency, and t is time in years.
Interest earned from FD is fully taxable under 'Income from Other Sources'. TDS @10% is deducted if interest exceeds ₹40,000 in a financial year (₹50,000 for senior citizens).
Yes, but banks usually charge a penalty of 0.5-1% on the contracted interest rate. The exact rules and penalties vary between banks.
Most banks offer FD for tenure ranging from 7 days to 10 years. The minimum deposit amount is typically ₹1,000.
FDs offer multiple payout options: monthly, quarterly, half-yearly, yearly interest payout, or cumulative (interest paid at maturity).
Yes, most banks offer 0.25% to 0.50% higher interest rates for senior citizens (typically 60+ years) on fixed deposits.
FDs offer guaranteed returns and capital protection, making them safer. Mutual funds offer potentially higher returns but with market risks. FDs are better for risk-averse investors.