FD Calculator
Calculate returns on your Fixed Deposit (FD) investment.
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What is FD Calculator?
An FD (Fixed Deposit) Calculator helps you estimate the maturity amount and interest earned on your fixed deposit investment. Fixed Deposits are one of the most popular investment options in India, offering guaranteed returns with capital protection. FDs are offered by banks and financial institutions with varying interest rates based on the deposit amount and tenure.
Our FD Calculator uses quarterly compounding (the standard method used by most banks in India) to calculate the maturity amount. It shows you the total interest earned and the final amount you'll receive at maturity, helping you plan your investments and compare FD rates from different banks.
Key Features of Fixed Deposits
- Guaranteed Returns: FDs offer fixed, guaranteed returns regardless of market conditions
- Flexible Tenure: Choose from 7 days to 10 years based on your financial goals
- Quarterly Compounding: Interest is compounded quarterly, maximizing your returns
- Tax Deducted at Source: TDS is deducted on FD interest if it exceeds ₹40,000 per year
- Loan Against FD: You can take a loan against your FD without breaking it
- Premature Withdrawal: Available with a penalty, typically 0.5-1% reduction in interest rate
Advantages of Using Braihn's FD Calculator
- ✓Accurate Maturity Calculation
Get precise estimates using quarterly compounding formula used by banks in India.
- ✓Visual Interest Breakdown
See a clear breakdown of invested amount vs interest earned through interactive charts.
- ✓Rate Comparison Tool
Compare returns from different FD rates and tenures to find the best investment option.
- ✓Goal-Based Planning
Calculate how much you need to invest to achieve specific financial goals with FDs.
- ✓Free Investment Planning
Plan your FD investments without any cost. No registration required - use our calculator anytime.
Frequently Asked Questions
How is FD interest calculated?
FD interest is calculated using compound interest with quarterly compounding. The formula is: Maturity Amount = Principal × (1 + Rate/400)^(Years × 4), where rate is divided by 400 for quarterly compounding.
What is the minimum amount for FD?
The minimum FD amount varies by bank, typically ranging from ₹1,000 to ₹10,000. Some banks offer FDs with as low as ₹100 for specific schemes.
Is FD interest taxable?
Yes, FD interest is taxable as per your income tax slab. Banks deduct TDS at 10% if interest exceeds ₹40,000 per year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below taxable limit.
Can I break my FD before maturity?
Yes, you can break your FD before maturity, but banks typically charge a penalty of 0.5-1% reduction in the interest rate. Some banks offer flexible FDs with no penalty for premature withdrawal.
What is the difference between cumulative and non-cumulative FD?
In cumulative FD, interest is reinvested and paid at maturity, resulting in higher returns. In non-cumulative FD, interest is paid periodically (monthly/quarterly), providing regular income but lower overall returns.
Need Help with FD Investment Planning?
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