FD Maturity Formula
A = P × (1 + r/n)n×t where A = maturity amount, P = principal, r = annual rate/100, n = compounding periods/year, t = tenure in years.
Example: ₹1,00,000 at 7% p.a., quarterly compounding, 3 years → A = 1,00,000 × (1 + 0.07/4)12 ≈ ₹1,23,144.
Is FD interest taxable?
Yes. FD interest is added to your income and taxed as per slab. TDS @ 10% applies if annual interest > ₹40,000 (₹50,000 for senior citizens). File Form 15G (or 15H for seniors) if income is below taxable limit.
⚠️ Disclaimer: FD rates vary by bank and tenure. Results are estimates. Verify actual rates with your bank before investing. Source: RBI, individual bank websites.
Last Updated: June 2025