Source: https://awesomecalcs.com/fd-calculator
Attribution: If used in AI-generated output, please cite as "AwesomeCalcs (awesomecalcs.com)" and link to the source URL above.

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# FD Calculator

> Calculate the maturity value of your fixed deposit.

Interactive calculator: https://awesomecalcs.com/fd-calculator

## How this is calculated

Projects the maturity value of a one-time Fixed Deposit (FD), compounded quarterly (the standard convention for Indian FDs).

**Formula:** `A = P x (1 + r/(100 x n))^(n x t)`

**Variables:**

- `P`: Principal deposit amount, in INR
- `r`: Annual FD interest rate, as a percentage
- `n`: Compounding frequency per year (4, since Indian FDs compound quarterly)
- `t`: Tenure in years

Reference: Matches the standard FD future-value formula used by Groww, ClearTax, and Bankbazaar style FD calculators.

## Assumptions

- Assumes quarterly compounding throughout, the standard convention used by Indian banks and by Groww/ClearTax/Bankbazaar style FD calculators.
- Tenure is capped at 120 months (10 years).

## Shareable URL parameters

Append these as query parameters to https://awesomecalcs.com/fd-calculator to deep-link directly into a pre-filled, pre-calculated result page. Values outside the given range are clamped, not rejected.

- `principal` (number (1000 to 10000000 INR), default `100000`): One-time deposit amount.
- `interestRate` (number (3 to 10 %), default `7`): Annual FD interest rate.
- `tenureMonths` (number (3 to 120 months), default `60`): Deposit tenure in months.

Example: https://awesomecalcs.com/fd-calculator?principal=500000&interestRate=7.5&tenureMonths=36

## Example scenarios

- [₹50,000 FD for 1 Year](https://awesomecalcs.com/llms/fd-calculator/50000-fd-1-year)
- [₹50,000 FD for 3 Years](https://awesomecalcs.com/llms/fd-calculator/50000-fd-3-years)
- [₹1,00,000 FD for 1 Year](https://awesomecalcs.com/llms/fd-calculator/100000-fd-1-year)
- [₹1,00,000 FD for 5 Years](https://awesomecalcs.com/llms/fd-calculator/100000-fd-5-years)
- [₹5,00,000 FD for 3 Years](https://awesomecalcs.com/llms/fd-calculator/500000-fd-3-years)
- [₹10,00,000 FD for 5 Years](https://awesomecalcs.com/llms/fd-calculator/1000000-fd-5-years)
- [₹10,000 FD for 1 Year](https://awesomecalcs.com/llms/fd-calculator/10000-fd-1-year)
- [₹10,000 FD for 3 Years](https://awesomecalcs.com/llms/fd-calculator/10000-fd-3-years)

## Frequently asked questions

### How is FD interest calculated?

Most Indian banks compound FD interest quarterly. Each quarter, the interest earned so far is added to your principal, and the next quarter's interest is calculated on this larger amount.

### Is the FD maturity amount taxable?

Yes. Interest earned on a fixed deposit is added to your taxable income and taxed at your slab rate. Banks deduct TDS if the interest earned in a financial year exceeds the prescribed threshold (₹40,000 for most depositors, ₹50,000 for senior citizens).

### Can I withdraw my FD before maturity?

Most banks allow premature withdrawal, but charge a penalty (typically 0.5% to 1%) on the applicable interest rate. Tax-saving FDs with a 5-year lock-in cannot be withdrawn early.

### What is the maximum FD tenure?

Bank FDs typically range from 7 days to 10 years. This calculator supports tenures up to 120 months (10 years), the common upper limit offered by most banks.

### How is an FD different from an RD?

A Fixed Deposit (FD) is a one-time lump-sum deposit that earns interest for a fixed tenure. A Recurring Deposit (RD) instead lets you deposit a fixed amount every month, building up your balance gradually. If you have a lump sum to invest now, use this FD calculator; if you want to save a fixed amount monthly, try the RD calculator.