Invested
Interest
Maturity amount ₹0
Invested amount ₹0
Interest earned ₹0
Year-wise growth
| Year | Balance | Interest earned |
|---|
How FD maturity is calculated
A fixed deposit grows by compound interest: M = P × (1 + r/n)^(n×t), where P is your deposit, r the annual rate, n the compounding frequency per year (most banks use quarterly, n = 4) and t the tenure in years. The shown maturity is before tax — FD interest is taxable at your slab rate.
FAQs
M = P × (1 + r/n)^(n×t) — compound interest, where n is the compounding frequency (usually 4 for quarterly).
Most Indian banks compound quarterly. More frequent compounding gives a slightly higher maturity.
Yes, it's added to your income and taxed at your slab. Banks deduct TDS above a threshold. This shows the pre-tax amount.