FD Calculator in Ahmedabad
See exactly what your fixed deposit grows to. Enter the deposit amount, the bank’s interest rate and the tenure to get the maturity value and total interest, compounded quarterly the way banks do. FD returns are fixed and bank-contracted, but interest is taxed at your income-tax slab.
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How it's calculated
The formula
Maturity = P × (1 + r/4)^(4 × n) for quarterly compounding, where P is the principal, r the annual rate (decimal) and n the tenure in years. Interest earned = maturity − principal.
Assumptions
- Quarterly compounding (the standard for cumulative bank FDs).
- A fixed rate for the full tenure with no premature withdrawal.
- Returns shown before TDS and income tax.
Sources
Real-world scenarios
See exactly how the numbers play out in the situations people actually face — so there are no surprises before you commit.
₹5 lakh FD for 5 years at 7%
A ₹5 lakh fixed deposit at 7% for five years matures to about ₹7.1 lakh — roughly ₹2.1 lakh of contracted interest, compounded quarterly. An FD trades higher returns for total capital safety, which makes it ideal for money you cannot afford to risk, such as an emergency fund.
The senior-citizen rate bonus
Most banks pay senior citizens about 0.5% more, so the same ₹5 lakh at 7.5% instead of 7% earns a few thousand rupees extra over five years. If a parent is in the family, booking the FD in their name can quietly lift the return.
FD versus inflation
At 7% pre-tax, an FD barely stays ahead of 6% inflation — and after tax on the interest, the real return can turn slightly negative. Use FDs for safety and short horizons; for long-term growth, pair them with equity SIPs. Compare both with our FD-vs-SIP calculator.
Illustrative figures on standard reducing-balance / compounding assumptions — your actual numbers may vary.
Frequently asked questions
The details worth knowing before you rely on these numbers.
How is FD maturity calculated?
Banks compound FD interest quarterly: maturity = P × (1 + r/4)^(4n), where P is the deposit, r is the annual rate (as a decimal) and n is the tenure in years. This calculator uses the same quarterly compounding.
What is the current FD interest rate in India?
Bank FD rates typically range from about 6% to 7.5% p.a. for general citizens, with senior citizens usually earning 0.5% more. Small finance banks may offer slightly higher rates.
Is FD interest taxable?
Yes. FD interest is fully taxable at your income-tax slab and added to “income from other sources”. Banks deduct TDS at 10% if your interest exceeds ₹40,000 a year (₹50,000 for senior citizens).
What is a tax-saving FD?
A 5-year tax-saving FD qualifies for a deduction up to ₹1.5 lakh under Section 80C (old regime), but it has a 5-year lock-in and the interest remains taxable.
Is an FD better than a SIP?
An FD gives fixed, contractual returns ideal for short-term goals and capital safety. A SIP in equity funds has higher long-term return potential but carries market risk. Many investors use both — FDs for safety, SIPs for growth.
Is my fixed deposit safe if the bank fails?
Bank deposits are insured by the DICGC up to ₹5 lakh per depositor per bank, covering principal and interest together. If you hold more than that, spreading deposits across different banks keeps the whole amount within the insured limit. FDs with scheduled commercial banks are otherwise considered very low risk.
Can I break an FD early, and is there a penalty?
Yes, you can withdraw a fixed deposit before maturity, but most banks apply a penalty — typically a 0.5%–1% reduction in the interest rate for the period the money actually stayed. A sweep-in or flexi FD linked to your savings account gives you liquidity without breaking the whole deposit.
FD or debt mutual fund — which suits me?
An FD offers a fixed, contractual return and deposit insurance up to ₹5 lakh, which makes it simple and safe for short goals. A debt mutual fund is market-linked with a small amount of risk, but can be more liquid and, over longer holdings, more tax-efficient. Choose the FD for certainty, a debt fund for flexibility — many people use both.
Is this FD calculator free?
Yes — it is free, needs no sign-up, and runs entirely in your browser. Your inputs stay on your device unless you choose to speak with an Apex TechFin advisor.
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