Fixed deposit calculator.
The maturity amount on a deposit, compounded quarterly the way banks do it. Useful for comparing against what inflation does over the same years.
₹
yrs
%
%
FD interest is taxed at your slab every year, whether or not you withdraw it. This is what separates an FD from most other options.
It matures to
₹1.4 L
After 30% tax you keep ₹29,034 of the interest, and 6% inflation leaves that worth about ₹96,422 in today's money.
You depositedInterest
- You deposited
- ₹1,00,000
- Interest earned
- ₹41,478
- Tax on it
- − ₹12,443
- After tax
- ₹1,29,034
- Worth in today's money
- ₹96,422
How it adds up
- You deposit₹1,00,000
- plusInterest at 7%₹41,478
- minusTax at your 30% slab₹12,443
- equalsYou keep₹1,29,034
What this assumes
Quarterly compounding and no premature withdrawal. Interest is taxed at your slab every year whether or not you withdraw it, which is taken off here.
Rules and rates from
Education only, not investment, tax or legal advice. I am not a SEBI-registered investment adviser.
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