WeVividWeVividCalculate maturity value and interest on a fixed deposit.
Compounded quarterly, the standard method most Indian banks use for FDs.
The standard compound interest formula, compounded quarterly: Maturity = P × (1 + r/4)^(4×t), where P is the deposit, r is the annual rate and t is the tenure in years — the compounding frequency most Indian banks use for FDs.
Yes, FD interest is added to your total income and taxed at your slab rate, and banks deduct TDS if the interest exceeds the threshold in a financial year. This calculator shows the gross maturity value before any tax.