Fixed Deposit Calculator
Updated July 2026
Enter your deposit, rate and tenure to see maturity value and total interest. Compounding frequency matters more than people expect — quarterly beats annual on the same headline rate.
Fixed Deposit (FD)
Frequently Asked Questions
Is FD interest taxable?
Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct TDS once interest crosses the threshold in a financial year.
Which compounding is best?
More frequent compounding yields more. On the same nominal rate, quarterly compounding returns more than annual.
Can I break an FD early?
Usually yes, with a penalty — typically 0.5–1% off the applicable rate. Check your bank's terms.