FD Calculator
Estimate the maturity value of your Fixed Deposit with quarterly compounding as per Indian bank standards.
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How it works
Total = P × (1 + r/n)^(n×t). We use n=4 as most Indian banks compound interest quarterly.
Common Questions
Is FD interest taxable?
Yes, interest earned on Fixed Deposits is fully taxable as per your income tax slab. Banks also deduct TDS if interest exceeds ₹40,000 per year.
What is the benefit of compounding?
Compounding means you earn interest on your interest, leading to exponential growth over longer tenures.
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Disclaimer: These calculations are estimates based on standard financial formulas. Actual outcomes may vary due to taxes, market conditions, or policy changes. Consult a financial advisor for critical decisions.