Calculate Fixed Deposit maturity amount and total interest earned.
Most Indian banks compound FD interest quarterly. Senior citizens get 0.5% extra. FD interest above โน40,000/year is taxable (TDS deducted).
As of 2026, FD rates range from 6.5% to 7.75% for 1-5 year tenures at most banks. Senior citizens get 0.25-0.5% extra.
Yes, FD interest is fully taxable as "Income from Other Sources". TDS @10% is deducted if interest exceeds โน40,000/year (โน50,000 for seniors).
Yes, but you'll receive 0.5-1% lower interest than the contracted rate. Some banks waive this penalty for partial withdrawals.
FD = guaranteed returns, no risk. SIP = market-linked, higher long-term returns. Use FD for emergency funds, SIP for long-term wealth.
Most Indian banks compound FD interest quarterly. Formula: A = P(1 + r/4)^(4t).