🏦 Fixed Deposit (FD) Calculator
RBI-compliant FD calculator with support for multiple payout types (Cumulative, Quarterly, Monthly)
Investment Details
Enter your FD details to see maturity amount and returns
❓ Frequently Asked Questions
What's the difference between Cumulative, Quarterly, and Monthly payouts?▼
Cumulative: Interest is reinvested, compounded quarterly. Principal + all interest paid at maturity.
Quarterly: Interest paid every 3 months. Principal returned at maturity.
Monthly: Interest paid monthly at a discounted rate. Principal returned at maturity.
Why is monthly payout less than quarterly?▼
Banks pay monthly interest at a discounted rate to account for early payout. Since interest hasn't had the full quarter to mature, the monthly rate is slightly lower to maintain mathematical equivalence to the quarterly rate.
What is a short-term FD?▼
FDs with tenure less than 181 days (approximately 6 months) are short-term FDs. These are calculated using Simple Interest method instead of compound interest, as per RBI guidelines.
Do senior citizens get higher interest rates?▼
Yes! Most Indian banks provide an additional 0.50% interest rate for senior citizens (age 60+). This calculator automatically adds this bonus when you check the Senior Citizen checkbox.
Is FD interest taxable?▼
Yes, FD interest is taxable income. If interest exceeds ₹40,000 (or ₹50,000 for senior citizens) in a financial year, Form 15G/15H must be submitted to your bank.
What if I need to withdraw before maturity?▼
Most banks allow premature withdrawal with a penalty. The penalty is typically a reduction in interest rate (0.5% to 1% less than the original rate) or loss of interest. Check your bank's specific policy.