Fixed Deposit Calculator India
Calculate bank fixed deposit maturity value, interest earned, and quarterly compounding returns across Indian banks.
About Indian Bank Fixed Deposits
Fixed deposits in India compound interest on a quarterly basis (4 times per year) per standard Reserve Bank of India (RBI) conventions.
Formula
A = P × [ 1 + (r / 4) ]4t
- P: Principal deposit
- r: Annual interest rate expressed as decimal
- t: Investment tenure in years
Frequently Asked Questions
Why do Indian banks compound quarterly?
Quarterly compounding is standard across commercial and public sector banks in India, yielding a slightly higher effective return than simple interest.
Do senior citizens receive higher interest rates?
Yes, most Indian banks offer an additional 0.50% (and up to 0.75% for super seniors) above card rates.
What is the TDS threshold on FD interest?
TDS applies if interest across all bank branches exceeds ₹40,000 per financial year (₹50,000 for senior citizens).
How can I avoid TDS if my total income is non-taxable?
Submit Form 15G (for individuals below 60) or Form 15H (for senior citizens) at the start of the financial year.
Calculate in three steps
- 1Enter your valuesUse the fields above and check the units shown beside each input.
- 2Run the calculationSelect Calculate to refresh the result with your latest values.
- 3Review or shareCompare the result, reset the form, print it, or share this page.