Calculate your Fixed Deposit maturity value with different compounding frequencies. Compare simple vs compound interest and understand TDS implications.
Typical FD: 5-9%
💡 Actual tax settled at filing; this is a preview. TDS applies if interest exceeds ₹40,000 (₹50,000 for senior citizens).
Our FD calculator uses compound interest formulas based on the compounding frequency selected. For quarterly compounding, interest is calculated every 3 months and added to the principal. TDS is calculated at 10% on interest exceeding the threshold limits set by Indian tax laws.
A = P × (1 + r/n)^(n×t)
Higher compounding frequency (quarterly vs annually) results in higher maturity amounts due to interest being calculated more frequently on the accumulated amount.
Banks deduct TDS at 10% on FD interest if it exceeds ₹40,000 annually (₹50,000 for senior citizens). You need to provide PAN for TDS deduction.
FD rates vary by bank and tenure. Generally, small finance banks and some private banks offer higher rates than public sector banks. Always compare rates before investing and consider the bank's credibility.