FD Calculator
Fixed deposit (FD) is a type of savings account that pays a fixed rate of interest for a specified period of time. It is a safe and secure investment option for those looking to save and grow their money. Fixed deposits are a popular investment option in India due to their stability and the guaranteed returns. They are suitable for individuals looking for a low-risk investment option and for those seeking to park their funds for a short or medium-term.
Total investment
Interest rate
Time Period (Yrs)
Calculate
Total Investment
₹ 1,00,000
Total Returns
₹ 96,715
Maturity Value
₹ 1,96,715
How to use this calculator?
Fixed Deposit
Fixed deposit (FD) is a type of savings account that pays a fixed rate of interest for a specified period of time. They are suitable for individuals looking for a low-risk investment option.
Find out how much I can earn with FD
Your FD returns depend on the interest rate offered by the bank or company and how long you plan to leave the deposit in.
Tax Implications on FD
The interest earned on fixed deposits (FDs)is taxable and the rate of tax depends on the individual's tax slab. The interest earned on an FD is added to the individual's total taxable income and is taxed as per their applicable tax slab.
Premature withdrawal implications
Premature withdrawal leads to loss of interest and a penalty will be imposed. The penalty rate varies from partner to partner.
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What is Fixed Deposit?
Fixed deposit (FD) is a type of savings account that pays a fixed rate of interest for a specified period of time. It is a safe and secure investment option for those looking to save and grow their money. It is a popular investment option in India due to their stability and the guaranteed returns. They are suitable for individuals looking for a low-risk investment option.
What is the lock-in period of FD investment?
FDs offered on FundsIndia have a typical lock-in period starting from 12 Months all the way up to 5 Years. It varies from partner to partner
What is the minimum investment to book an FD?
The minimum investment of FDs varies from one partner to another. It starts from 5000 rupees.
What are the tax implications of an FD investment?
The interest earned on fixed deposits (FDs)is taxable and the rate of tax depends on the individual's tax slab. The interest earned on an FD is added to the individual's total taxable income and is taxed as per their applicable tax slab. Additionally, TDS (Tax Deducted at Source) is applicable on fixed deposit interest if the interest earned in a financial year is more than INR 40,000 for an individual or INR 50,000 for a Hindu Undivided Family (HUF). In such cases, TDS will be deducted at the rate of 10% before crediting the interest to the account.
How can you use the FD calculator?
This calculator is very intuitive as it only takes the amount you are investing, the tenure and interest rate and can give you the earnings at the time of maturity and also year on year growth via a graph.
How does the FD calculator work?
It uses the following logic
The fixed deposit calculator for simple interest FD– M = P + (P * r * t/100),
Where:
P is the principal amount that you deposit.
r is the rate of interest per annum.
t is the tenure in years.
What happens if I break my FD?
Breaking of FD means to withdraw the deposit before maturity. This is not advisable as it leads to loss of interest and a penalty will be imposed. The penalty rate varies from partner to partner. Please read all documents carefully before investing.