About This Calculation
Fixed Deposits at PNB are safe investments. For 30 lakh over 10 years, the interest rate is 6.75%.
We assume quarterly compounding, which is the standard practice for Indian banks.
How the Formula Works
FD maturity is calculated as A = P(1 + r/n)^(nt), where A is maturity, P is principal, r is rate, n is compounding frequency (4 for quarterly), and t is time.
Frequently Asked Questions
Is PNB FD taxable? +
Yes, FD interest is taxable as per your income tax slab.
What is TDS on FD? +
Banks deduct 10% TDS if your annual interest exceeds ₹40,000 (₹50,000 for seniors).
Can I break my FD early? +
Yes, but banks usually charge a 0.5% to 1% penalty on the interest rate.
Results are for informational and educational purposes only. This is not financial advice. Consult a professional advisor before making financial decisions.