Finance · Free tool
FD Calculator
Compute Fixed Deposit maturity with the standard quarterly compounding banks use. Shows TDS deduction (10% if annual interest exceeds ₹40,000) so you see the actual post-tax payout.
₹1,00,000
7.00%
5 years
Maturity value
₹1,41,478
Interest earned
₹41,478
TDS deducted (10%)
None — under ₹40k
Post-tax payout
₹1,41,478
FAQ
Quarterly compounding vs monthly — which?
Most Indian banks compound quarterly (default). Effective yield is slightly less than annual rate. Few banks (some NBFCs) compound monthly — better for the depositor.
Is FD interest taxable?
Yes, fully taxable at slab rate. TDS at 10% if interest > ₹40k/year (₹50k for seniors). Form 15G/15H avoids TDS if income is below exemption.
Senior citizen FDs — extra rate?
Yes — typically 0.5% higher. SCSS (8.2%, govt-backed) also worth comparing. RBL Bank, Bandhan, Suryoday SFB offer up to 9% for seniors on FDs.