India FD Calculator
Calculate fixed deposit maturity value and interest earned with different compounding frequencies. Includes senior citizen bonus rate and TDS calculation.
FD Details
FD Returns
Principal Amount
₹10,00,000
Interest Earned
₹1,37,639
At 6.5% p.a. (Quarterly)
Maturity Amount
₹11,37,639
TDS Deducted (10%)
₹13,764
Amount After TDS:
₹11,23,875
Duration
2.00 years (24 months)
How Compounding Works
Interest earned in each period is added to the principal for the next period, earning interest on interest:
- Quarterly: Interest calculated and added 4 times per year (most common for banks)
- Monthly: Interest calculated and added 12 times per year (higher returns)
- Annually: Interest calculated and added once per year (lower returns)
Tax Deducted at Source (TDS)
- 10% TDS is deducted if annual interest exceeds ₹40,000 (for general citizens)
- ₹50,000 threshold for senior citizens (aged 60+)
- TDS is deposited to the income tax department on your behalf
- You can claim credit for TDS paid while filing your income tax return
- TDS is only a tax advance; you may still owe tax or get a refund when filing returns
Senior Citizen Benefits (Age 60+)
- Extra 0.5% interest rate on FDs (offered by most banks)
- Higher TDS threshold (₹50,000 instead of ₹40,000)
- Special FD schemes with higher rates at some banks
Disclaimer
This calculator provides estimates based on the entered interest rate and compounding frequency. Actual FD returns vary by bank and their specific terms. Interest rates are subject to change. Consult your bank for exact FD rates and terms applicable to you. TDS laws may vary based on your individual tax situation.
Related Tools
India PPF Calculator
💰 FinanceCalculate your PPF maturity value and interest earned at 7.1% annual interest. See year-by-year growth of your Public Provident Fund investment.
India SIP Calculator
💰 FinanceCalculate the future value of your SIP mutual fund investments. Enter monthly amount, expected return and period to see projected wealth with a growth chart.