Is FD interest taxable?

Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct 10% TDS if interest crosses ₹40,000 a year (₹50,000 for senior citizens).

How often is FD interest compounded?

Most Indian banks compound FD interest quarterly. This calculator uses quarterly compounding, so the effective yield is slightly higher than the stated annual rate.

FD Calculator

A fixed-deposit (FD) calculator computes maturity value using quarterly compounding, the standard for Indian bank FDs. Enter your deposit, interest rate and tenure to see the maturity amount and total interest earned.

Deposit amount

₹

Interest rate (p.a.)

Tenure

yrs

Maturity value

—

How is FD calculated?

M = P × (1 + r/4)^(4t), with quarterly compounding (r annual rate, t years).

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Frequently asked questions

Is FD interest taxable?: Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct 10% TDS if interest crosses ₹40,000 a year (₹50,000 for senior citizens).
How often is FD interest compounded?: Most Indian banks compound FD interest quarterly. This calculator uses quarterly compounding, so the effective yield is slightly higher than the stated annual rate.