About FD Calculator
Free FD calculator — calculate fixed deposit maturity amount and interest earned. Compare quarterly, monthly and yearly compounding with Greenylife FD calculator. Use Greenylife's free fd calculator to make smarter financial decisions. All calculations are instant and accurate.
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Frequently Asked Questions
A Fixed Deposit is a savings instrument offered by banks where you deposit a lump sum for a fixed tenure at a guaranteed interest rate, earning higher returns than a savings account.
FD interest is calculated as: A = P × (1 + r/n)^(n×t), where P is principal, r is annual rate, n is compounding frequency, and t is tenure in years.
For tax efficiency, 3–5 year FDs under Section 80C offer tax deduction. For higher returns, compare rates across banks — typically 2–3 year FDs offer the best rates.
Yes, FD interest is fully taxable as per your income tax slab. TDS of 10% is deducted if annual interest exceeds ₹40,000 (₹50,000 for senior citizens).
Cumulative FD reinvests interest and pays the total at maturity, giving higher returns. Non-cumulative FD pays interest monthly/quarterly, suitable for regular income.
Yes, most banks allow premature FD withdrawal with a penalty of 0.5–1% reduction in interest rate. Some banks offer penalty-free FDs.
DICGC insures bank deposits up to ₹5 lakh per depositor per bank. This covers both principal and interest combined.