What is a fixed deposit?
A fixed deposit (FD) is money kept with a bank or post office for a fixed time at a fixed interest rate. You know the maturity amount on the day you invest.
Ready answers
How to use this calculator
- Enter the deposit amount.
- Enter the bank's FD rate.
- Enter the tenure in months and how often interest is added.
Formula
Maturity = P × (1 + r ÷ k)k × t, where k is how many times a year interest is added.
Read more: Fixed deposit (FD) guide. New to these words? See the money glossary.
Common questions
How much will ₹1 lakh FD give in 5 years at 7%?
About ₹1,41,478 with quarterly compounding.
Is FD interest taxable?
Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct TDS above a yearly limit.
How is FD interest calculated?
Most banks add interest every quarter, so it compounds. Maturity = deposit × (1 + rate ÷ 4) raised to 4 × years.
FD me kitna byaj milega?
₹1 lakh 7% par 5 saal me lagbhag ₹41,478 byaj deta hai (har teen mahine compounding).
Is FD interest taxable?
Yes. FD interest is added to your income and taxed at your slab rate. Banks may also deduct TDS once your yearly interest crosses the limit.