How is FD interest calculated?

Most Indian banks compound FD interest quarterly: A = P x (1 + r/4)^(4 x t). This calculator uses that convention.

Is FD interest taxable?

Yes. Interest earned on fixed deposits is taxable as per your income tax slab, and banks may deduct TDS above a threshold.

Calculate fixed deposit maturity and interest earned. Free online FD calculator using quarterly compounding as used by Indian banks.

Total investment (₹)Interest rate (% p.a.)Time period (years)

Invested amount₹1,00,000

Interest earned₹41,478

Maturity value₹1,41,478

Assumes quarterly compounding, as used by most Indian banks.

How is FD interest calculated?: Most Indian banks compound FD interest quarterly: A = P x (1 + r/4)^(4 x t). This calculator uses that convention.
Is FD interest taxable?: Yes. Interest earned on fixed deposits is taxable as per your income tax slab, and banks may deduct TDS above a threshold.