Fixed Deposit (FD) Calculator

A Fixed Deposit is a secure investment instrument offered by banks and financial institutions where you can deposit a lump sum of money for a fixed period at a pre-defined interest rate. This calculator helps you determine the maturity value of your FD and the total interest you'll earn.

Key Things to Know About FDs

• Guaranteed Returns: Unlike market-linked investments, the returns on an FD are guaranteed and not affected by market fluctuations.
• Interest Taxation: The interest earned on an FD is typically taxable as per your income tax slab. Banks may also deduct Tax at Source (TDS) if the interest exceeds a certain threshold.
• Premature Withdrawal: While you can withdraw an FD before its maturity date, banks usually charge a penalty, which reduces the effective interest rate you receive.
• Senior Citizen Rates: Banks often offer a higher interest rate (e.g., 0.5% extra) to senior citizens.