FD Calculator - Fixed Deposit Maturity & Interest Calculator

Q: How is FD maturity amount calculated?

FD maturity is calculated using compound interest: A = P(1 + r/n)^(nt), where P is the principal, r the annual rate, n the compounding frequency (usually quarterly) and t the tenure in years.

Q: Is the interest on a fixed deposit taxable?

Yes, interest earned on a fixed deposit is taxable as per your income tax slab. TDS may apply if interest exceeds the prescribed limit in a financial year.

Q: Can I withdraw my FD before maturity?

Most fixed deposits allow premature withdrawal, though it may attract a small penalty and a lower interest rate. Terms are explained before you invest.

Calculate Your FD Returns

Deposit Amount (₹) Min ₹1,000 • multiples of ₹100

Tenure

YY / MM / DD

Interest Rate (% p.a.) Enter your applicable interest rate

Customer Type

Interest Payout Option

FD Maturity Value

₹0

Principal Amount₹0

Effective Interest Rate0%

Total Interest Earned₹0

Tenure-

Maturity Date-

Periodic Payout₹0

*Indicative only. Confirm current rates and exact maturity at our Salem branch.

Open an FD with YoursPay

What is a Fixed Deposit?

A Fixed Deposit (FD) is one of the safest and most popular savings instruments in India. You invest a lump sum for a fixed tenure at a predetermined interest rate, and your money grows steadily until maturity. Unlike market-linked investments, an FD offers guaranteed, predictable returns - making it ideal for conservative savers, retirees and anyone building an emergency fund in Salem and across Tamil Nadu.

With YoursPay, opening a fixed deposit is simple and transparent. Use the FD calculator above to see exactly how much your deposit will grow before you invest.

Benefits of a Fixed Deposit

Guaranteed returns - your interest rate is locked in for the full tenure, regardless of market movements.
Capital safety - your principal is secure, making FDs one of the lowest-risk options.
Flexible tenures - choose terms from a few months to several years to match your goals.
Higher rates for seniors - senior citizens typically earn additional interest.
Loan against FD - borrow against your deposit without breaking it in an emergency.

Compound Interest Formula

Fixed deposit maturity is calculated using the standard compound interest formula:

A = P × (1 + R/100)^T

Where A is the maturity amount, P is the principal (deposit amount), R is the annual interest rate (in percent), and T is the tenure in years. The calculator above uses annual compounding as per this formula.

FAQ

Fixed Deposit FAQs

How is FD maturity amount calculated?

FD maturity uses compound interest: A = P(1 + r/n)^(nt), where P is the principal, r the annual rate, n the compounding frequency (usually quarterly) and t the tenure in years.

Is the interest on a fixed deposit taxable?

Yes, FD interest is taxable as per your income tax slab. TDS may apply if interest crosses the prescribed limit in a financial year.

Can I withdraw my FD before maturity?

Most FDs allow premature withdrawal, though it may attract a small penalty and a slightly lower interest rate. Terms are explained clearly before you invest.

What is the minimum amount to open an FD?

You can start a fixed deposit with a modest amount at our Salem branch. Contact us for current minimums and the latest interest rates.

FD Calculator - Fixed Deposit Maturity Calculator

Calculate Your FD Returns

What is a Fixed Deposit?

Benefits of a Fixed Deposit

Compound Interest Formula

Fixed Deposit FAQs

Ready to Grow Your Savings?