Fixed depositCompounded quarterly
Maturity amount
₹1,41,478
| You deposit | |
| Interest earned |
Before tax. Interest is taxed at your slab rate.
FD calculator
Enter your deposit, the bank’s rate and how long you’ll keep it. You’ll see the amount you get back at maturity.
Common questions
How do banks calculate FD interest?
Most banks compound interest every quarter. The maturity amount is P × (1 + r/400)4t, where r is the yearly rate and t is the number of years.
Is FD interest taxed?
Yes. It is added to your income and taxed at your slab rate. Banks deduct 10% TDS once your interest from that bank crosses ₹50,000 in a year (₹1 lakh for senior citizens). You can file Form 15G or 15H if your total income is below the taxable limit.
Do senior citizens get a higher rate?
Usually 0.25% to 0.50% more than the regular rate. Enter the senior rate your bank offers.
Estimates for planning only, not financial or tax advice. Kyun is independent and not linked to the Government of India. Rates and rules last checked 20 October 2026.
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