Fixed deposit maturity with quarterly compounding like Indian banks.. FD Calculator is a free online tool from the ToolsRift Finance & Health Calculators collection. It runs entirely in your browser — nothing to install, no signup, and your data never leaves your device.
Enter your deposit amount, annual interest rate and tenure. The calculator applies quarterly compounding to show maturity value and total interest earned.
Most Indian banks compound FD interest quarterly. The maturity uses A = P × (1 + r/4)^(4×t), where r is the annual rate and t the tenure in years.
Yes. FD interest is added to your income and taxed at your slab rate, and banks deduct TDS if annual interest exceeds the applicable threshold.
A cumulative FD reinvests interest until maturity for compounding, while a payout FD pays interest periodically, so its final amount is just the principal returned.