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Calculate only the interest earned on FD, separately from principal
Total Interest Earned
Total Maturity Amount
Average Annual Interest
FD Interest Calculator helps you understand exactly how much 'free money' your Fixed Deposit will earn. While FD maturity calculators show final amount, this tool isolates the interest component—the extra earnings beyond your principal. On a ₹10 lakh FD at 6.5% for 5 years, your principal stays ₹10 lakh, but interest earned is ~₹3.7 lakh. This interest separation is crucial for tax planning: in India, all FD interest is fully taxable as income, and if annual interest exceeds ₹10,000, banks deduct TDS (Tax Deducted at Source) at 20-30%. Understanding your interest liability helps you plan around the tax impact. This calculator also shows 'average annual interest'—for budgeting purposes or if you need monthly income projections. Many investors use this to assess whether their FD returns meet their retirement income needs or if they should deploy capital elsewhere for better returns.
EMI = P × r × (1+r)^n / ((1+r)^n − 1)Where:
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This calculator is provided for informational and educational purposes only. While we strive for accuracy, results should be verified with official sources or by consulting qualified professionals. Tax laws, rates, and regulations are subject to change. GotRedFlags is not responsible for financial decisions made based on these tools.