A Fixed Deposit (FD) Calculator is an online tool that helps you calculate the maturity amount and interest earned on your fixed deposit investment. You just need to enter the deposit amount, tenure, and interest rate to instantly view the total return at the end of the term. It's simple, fast, and accurate.

Using an FD Calculator helps you:

• Estimate your returns in advance
• Compare interest rates from different banks or NBFCs
• Choose the right tenure for your financial goal
• Avoid manual errors in calculation
• It helps in better financial planning by showing you the exact amount you’ll receive at maturity.

Yes, FD Calculators are highly accurate when used with correct inputs. They use standard FD compound interest formulas and provide reliable maturity value estimates. However, actual returns may slightly vary based on bank policies, tax deductions, and payout frequencies (monthly, quarterly, etc.).

The maturity amount in a fixed deposit depends on:

• Principal amount (the amount you invest)
• Interest rate offered by the bank/NBFC
• Tenure (duration of the investment)
• Compounding frequency (monthly, quarterly, half-yearly, yearly)

All these inputs can be tested using an FD calculator.

Yes, the interest earned on Fixed Deposits is taxable under the head “Income from Other Sources.” If your interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year, banks may deduct TDS (Tax Deducted at Source) at 10%. You can use this info while calculating post-tax returns using an FD calculator.