📐 FD Calculator Formula
A = P * (1 + r/n)^(n*t)
- P: Principal Invested Amount
- r: Annual Interest Rate (in decimal form, e.g., 7% = 0.07)
- n: Compounding frequency per year (4 for Quarterly)
- t: Tenure in Years
SBI Fixed Deposit (FD) Calculator
Compute the guaranteed maturity return of your SBI Fixed Deposits. Configured with SBI's current baseline rate of 6.80% P.A. for a 5-year tenure.
Input Parameters
₹
%
Yrs
Results
Invested Amount₹1,00,000
Interest Earned₹40,094
Maturity Amount₹1,40,094
Visual Breakdown
Total₹1,40,094
Principal Invested:71%
Interest Earned:29%
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Investment Growth Projection
| Year | Interest | Maturity |
|---|---|---|
| 1 | ₹6,975 | ₹1,06,975 |
| 2 | ₹14,437 | ₹1,14,437 |
| 3 | ₹22,420 | ₹1,22,420 |
| 4 | ₹30,959 | ₹1,30,959 |
| 5 | ₹40,094 | ₹1,40,094 |
📝 Example
If you open an FD of ₹1,00,000 for 5 years at a 7% interest rate compounded quarterly, your maturity amount will be ₹1,41,478. The total interest earned is ₹41,478.
✅ Benefits
- •Guaranteed return estimation helps secure your portfolio planning.
- •Allows comparing bank rates versus corporate FDs.
- •Shows breakdown of interest earned versus starting principal.
❓ Frequently Asked Questions
What is compounding in FD?
Compounding means you earn interest on interest already earned. Most Indian banks compound interest quarterly, which yields higher returns than simple interest.
Is FD interest taxable?
Yes, FD interest is taxable based on your income tax slab. Banks deduct TDS (Tax Deducted at Source) if your annual interest exceeds ₹40,000 (₹50,000 for senior citizens).
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