FD Calculator

Yes. In India, FD interest is added to your income and taxed at your slab rate, and banks deduct TDS if interest crosses the annual threshold. The calculator shows gross interest before tax.

More frequent compounding earns slightly more. Most Indian banks compound quarterly. The difference between quarterly and monthly is small but real over long terms and large amounts.

Usually yes, but premature withdrawal typically attracts a penalty and a lower interest rate. If you may need the money sooner, consider a shorter term or a flexi/sweep FD.

They serve different goals. FDs offer safety and predictable returns; equity SIPs offer higher potential growth with market risk. Many people use FDs for short-term, capital-protected goals and SIPs for long-term wealth building.

This fd compounding interest calculator uses A = P × (1 + r/n)^(n × t). It takes the rate your bank offers, compounds it (quarterly for most bank FDs, though you can switch to monthly or yearly) and returns the maturity amount and total interest. As a compound fd calculator it accounts for interest earning further interest, so a longer term or more frequent compounding lifts the final value for the same headline rate.

In a cumulative or reinvestment FD the interest is added back to the principal each period and paid as one lump sum at maturity, so it compounds. In a payout FD the interest is paid out monthly, quarterly or yearly and is not reinvested, so it does not compound. Use this reinvestment fd calculator, effectively a cumulative deposit interest calculator, for the first type; for a payout FD your interest stays flat across each payout.

Most Indian banks add a small extra rate for depositors above 60, and many run special senior citizen schemes on selected tenures. The uplift differs by bank and by term, so check the senior citizen rate card rather than assuming a fixed addition, then enter that rate in the calculator to see what it is worth on your deposit.

Banks either credit the maturity amount to your linked account or auto-renew the deposit for the same term at the rate applicable on the renewal date, depending on the instruction you gave when booking. Auto-renewal is convenient but silently re-prices your money at whatever rate is current then, which can be higher or lower, so check the maturity instruction on your deposit receipt and set a reminder for the date.

Annualized yield is your effective annual return once compounding is included, which is why it sits slightly above the quoted nominal rate. An annualized yield calculator for fd converts the compounded growth into a single yearly percentage, letting you compare FDs with different compounding frequencies on an equal footing rather than by the headline rate alone.

A tax-saving fixed deposit carries a mandatory five-year lock-in and qualifies for deduction under Section 80C, within the overall Rs 1,50,000 limit shared with PPF, ELSS and other 80C investments, and only under the old tax regime. Unlike a regular FD you cannot withdraw early or borrow against it, and the interest it earns is still fully taxable at your slab rate. Confirm the current 80C position on incometax.gov.in before you rely on the deduction.