Fixed Deposit Calculator
Calculate your Fixed Deposit maturity amount with different compounding frequencies. Compare FD returns from banks and NBFCs with our comprehensive calculator.
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Maturity Amount
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Interest Earned
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Total Invested
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View All Calculators →Frequently Asked Questions
What is a Fixed Deposit (FD)?
A Fixed Deposit is a financial instrument offered by banks where you deposit a lump sum amount for a fixed tenure at a predetermined interest rate. It offers guaranteed returns and is one of the safest investment options.
What are the benefits of investing in FD?
FDs offer fixed returns, capital safety, loan eligibility against FD, tax benefits (if held for 5 years), and flexible tenure options. They are ideal for risk-averse investors seeking guaranteed returns.
How does compounding frequency affect FD returns?
Compounding frequency determines how often interest is calculated and added to your principal. Monthly compounding yields higher returns than annual compounding because interest is compounded more frequently, earning interest on interest.
Is FD interest taxable?
Yes, FD interest is fully taxable as per your income tax slab. However, you can claim tax deduction under Section 80C if you invest in tax-saving FDs with a 5-year minimum tenure.
Can I withdraw FD before maturity?
Yes, most banks allow premature withdrawal of FDs, but you may face penalty charges and receive reduced interest. Senior citizens and specific conditions may get better premature withdrawal options.
What is the minimum FD investment amount?
Minimum FD amounts vary by bank, typically ranging from ₹500 to ₹1,000. Some banks may have higher minimums for specific types of FDs or higher interest rates.