Answers

FD Calculator answers

Banks compound interest on the deposit at the quoted annual rate, often quarterly. Enter principal, rate, tenure and compounding to see maturity value and interest earned.

PPF, EPF, fixed deposits and recurring deposits on this site follow Indian product rules, including quarterly compounding on FD and RD. You can display the same math in USD, GBP, EUR, AUD, CAD or INR. A US 401(k), UK pension or Australian super account is a different product, so do not treat the balance as a local retirement account.

A worked check

Investing 5,000 every month for 10 years at a 10% yearly assumption grows to about 1,032,760 if each deposit compounds monthly. You put in 600,000. The rest is growth on the assumption you typed, not a promised return. Fees, tax and a lower return reduce that figure.

01. How is FD maturity amount calculated?

Banks compound interest on the deposit at the quoted annual rate, often quarterly. Enter principal, rate, tenure and compounding to see maturity value and interest earned.

Open the FD Calculator and change one number. You can see which result moves. The country menu changes the currency symbol. The formula stays the same.

02. What is the difference between cumulative and payout FD?

Cumulative FD reinvests interest till maturity. Monthly or quarterly payout FD sends interest to your account and principal returns at end. This tool suits cumulative growth unless you adjust inputs.

Open the FD Calculator and change one number. You can see which result moves. The country menu changes the currency symbol. The formula stays the same.

03. Is FD interest taxable in India?

Yes. Interest adds to your income and is taxed per slab. Banks deduct TDS if interest crosses thresholds. Submit Form 15G or 15H if eligible to avoid TDS.

Open the FD Calculator and change one number. You can see which result moves. The country menu changes the currency symbol. The formula stays the same.

04. Can senior citizens get extra FD rates?

Most banks offer 0.25% to 0.50% higher rates for senior citizens. Enter the rate shown on the bank's senior citizen page.

Open the FD Calculator and change one number. You can see which result moves. The country menu changes the currency symbol. The formula stays the same.

05. What happens on premature FD withdrawal?

Banks pay lower interest and may charge a penalty. Effective return can fall well below the booked rate. Avoid breaking FD unless necessary.

Open the FD Calculator and change one number. You can see which result moves. The country menu changes the currency symbol. The formula stays the same.

06. How safe is bank FD?

Bank deposits up to Rs 5 lakh per depositor per bank are insured under DICGC for principal and interest in case of bank failure. Spread large sums across banks if needed.

Open the FD Calculator and change one number. You can see which result moves. The country menu changes the currency symbol. The formula stays the same.

07. Is FD maturity shown here guaranteed by the bank?

This follows standard compound interest math on your inputs. Actual bank rounding, TDS and scheme rules may differ slightly. Not financial advice.

Open the FD Calculator and change one number. You can see which result moves. The country menu changes the currency symbol. The formula stays the same.

08. Can I plan FD returns without logging in?

Yes. Free FD calculator, no signup, works on mobile and desktop.

Open the FD Calculator and change one number. You can see which result moves. The country menu changes the currency symbol. The formula stays the same.

Keep going

These pages explain the arithmetic. They are not a loan approval, tax filing, insurance quote or investment recommendation.