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Fixed Deposit (FD) Maturity & Interest Calculator
Estimate the exact maturity value, cumulative interest, and effective annual yield on bank fixed deposits across Indian commercial banks.
FD Maturity Compounding Formula
A = P × (1 + r / n)^(n × t)
- A: Maturity Payout Amount
- P: Principal Deposited
- r: Annual Interest Rate (Decimal)
- n: Compounding frequency per year (n = 4 for Indian scheduled banks)
- t: Deposit tenure in years
Calculate FD Maturity Now
Taxation on Bank Fixed Deposits
Interest earned on Fixed Deposits is fully taxable according to your income tax slab under "Income from Other Sources".
- TDS on FD: Banks deduct TDS at 10% under Section 194A if total FD interest exceeds ₹40,000 in a financial year (₹50,000 for senior citizens).
- Form 15G / 15H: Can be submitted if total annual income is below the taxable threshold to avoid TDS deduction.