Fixed Deposit Calculator

What is a Fixed Deposit (FD)?

A Fixed Deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It is considered one of the safest investment options in India.

How FD Interest is Calculated

In India, most banks compound FD interest on a quarterly basis. Our calculator uses this standard quarterly compounding method to give you the most accurate maturity estimate. The interest earned is taxable as per your income tax slab, unless it's a tax-saving FD with a 5-year lock-in.