FIINSY
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FD Calculator
Total interest earned ₹0
Maturity amount ₹0
What is an FD Calculator?
A Fixed Deposit (FD) calculator helps you estimate the maturity amount and interest earned from a one-time investment over a chosen tenure. It uses compound interest to project returns based on the bank's interest rate.
Why Use It?
- 🔍 Plan short-term or long-term savings efficiently
- 💰 Understand interest earnings clearly
- 📈 Compare returns between different banks or schemes
- 📅 Choose the right tenure for your financial goals
Frequently Asked Questions (FAQs)
FD interest is calculated using the compound interest formula: A = P(1 + r)^t, where P is the principal, r is
the interest rate, and t is the tenure in years.
Yes, the interest earned from FDs is fully taxable as per your income tax slab. Banks may also deduct TDS if
interest exceeds a certain limit.
Yes, most banks allow premature withdrawal of FDs, but it may involve a penalty and a lower interest payout.