Fixed Deposit Calculator with Yearly Payouts
A Fixed Deposit Calculator with Yearly Payouts helps you calculate the annual interest you will earn from your investment and the total maturity value. It is useful for investors who prefer regular annual income rather than cumulative returns. This calculator makes it easy to plan finances with predictable yearly earnings.
What is Yearly Payout in FD?
In a yearly payout fixed deposit, the bank pays the interest earned once every year to the investor. The principal remains untouched and is returned at maturity. This is ideal for those who want periodic income, such as pensioners or individuals with annual expense goals.
How the FD Calculator with Yearly Payout Works
To calculate your returns, you need to input:
- Deposit Amount (e.g., ₹1,00,000)
- Tenure (e.g., 1 to 10 years)
- Interest Rate (e.g., 7% p.a.)
- Payout Frequency: Yearly
The calculator then gives you:
- Annual Interest Income
- Total Maturity Value (which is the principal)
Example Calculation
If you deposit ₹5,00,000 for 5 years at an interest rate of 7% with annual payouts:
- Yearly Interest: ₹35,000
- Total Interest Over 5 Years: ₹1,75,000
- Maturity Amount: ₹5,00,000 (principal returned)
Benefits of Yearly Interest Payout FDs
- Regular income for financial planning
- No reinvestment risk on interest earned
- Stable returns with guaranteed payouts
- Ideal for retirees and conservative investors
Tax Considerations
Interest income is taxable as per your slab. If total interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year, TDS applies. You may submit Form 15G/15H to avoid TDS, if eligible.
Conclusion
The FD Calculator with Yearly Payouts is a reliable tool for investors who prefer predictable annual income. Whether you’re planning for retirement, education, or passive income, this calculator helps you forecast your returns accurately and make informed investment decisions.