FD Calculator
Cumulative FD
Interest compounded and paid at maturity
₹
%
months
Non-Cumulative FD
Interest paid out periodically (monthly/quarterly)
₹
%
months
Formula
Maturity = P × (1 + r/n)^(n×t)
Frequently Asked Questions
What is a Fixed Deposit (FD)?
A Fixed Deposit is a financial instrument provided by banks where you deposit a lump sum for a fixed period at a predetermined interest rate. FDs offer guaranteed returns and are considered one of the safest investment options.
What is the difference between cumulative and non-cumulative FD?
In a cumulative FD, interest is compounded and paid at maturity along with the principal. In a non-cumulative FD, interest is paid out periodically (monthly, quarterly, half-yearly, or yearly) and only the principal is returned at maturity.
Is FD interest taxable?
Yes, FD interest is taxable under 'Income from Other Sources' in India. If total FD interest exceeds ₹40,000 per year (₹50,000 for senior citizens), TDS at 10% is deducted by the bank. You can claim deduction under Section 80TTB (senior citizens) up to ₹50,000.
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