FD Calculator
Fixed deposit maturity
Maturity amount
₹1,41,478
≈ ₹1.41 Lakh
- Deposit
- ₹1,00,000
- Interest earned
- ₹41,477.82
- Effective yield
- 7.19% p.a.
Estimates only. Actual figures may vary with your bank, fund or policy.
How it worksMaturity = P × (1 + r/k)^(k × t), where k is compounding periods per year.
FAQs
How is FD interest calculated?
Most banks compound FD interest quarterly: maturity = P × (1 + r/4)^(4 × years).
Is FD interest taxable?
Yes. FD interest is added to your income and taxed at your slab rate. Banks may deduct TDS if interest crosses the yearly limit.
What is effective yield?
It is the actual yearly return after compounding, which is slightly higher than the stated rate.