Fixed Deposit maturity amount. Fast, accurate, and completely free.
A = Maturity Amount
P = Principal Amount
r = Annual Interest Rate (Rate / 100)
n = Number of compounding periods per year
t = Time period in years
Enter the Principal Amount you wish to lock in a Fixed Deposit.
Input the Annual Interest Rate offered by the bank.
Enter the duration or tenure of the deposit in years.
Select the Compounding Frequency (Quarterly is standard for most Indian banks).
A Fixed Deposit (FD) is a secure financial instrument offered by banks and non-banking financial companies (NBFCs) that provides investors with a higher rate of interest than a regular savings account until a given maturity date. It is considered one of the safest investment options available, offering guaranteed returns.
Yes, FD interest is fully taxable based on your income tax slab. If interest earned exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year, the bank deducts Tax Deducted at Source (TDS).
Yes, premature withdrawal is usually allowed but is subject to a small penalty (typically 0.5% to 1.0% reduction in the applicable interest rate).
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