Fixed Deposit (FD) Calculator
Check interest yields on bank fixed deposits. Drag sliders to adjust your deposit principal, nominal rate, and tenure to compute maturity returns compounded quarterly.
Parameters
Results Summary
This calculator determines the results based on the following standard financial formula for Fixed Deposit (Quarterly Compounding):
Variables Glossary
- A
- Maturity value
- P
- Principal deposited
- r
- Annual nominal rate of interest (percentage)
- t
- Tenure in years
Standard bank fixed deposits compound quarterly, meaning the annual interest rate is divided by 4, and the number of periods is multiplied by 4.
How is FD compounding frequency calculated in banks?
Most banks in India and worldwide compound Fixed Deposit interest quarterly (4 times a year). This means interest earned every quarter is added to your principal, earning more interest in the next quarter.
Is FD interest taxable?
Yes, interest earned on Fixed Deposits is generally taxable according to your income tax slabs. In India, banks deduct Tax Deducted at Source (TDS) if interest exceeds ₹40,000 in a year (₹50,000 for senior citizens).