FD Calculator (TDR)
Calculate your Fixed Deposit interest with periodic payouts. TDR pays interest monthly or quarterly.
Last updated: Jan 2025Up to date
What is TDR Fixed Deposit?
TDR (Term Deposit Receipt) or Non-Cumulative Fixed Deposit is a type of FD where interest is paid out periodically (monthly or quarterly) instead of being reinvested. This is ideal for investors who need regular income from their investments.
How is TDR Interest Calculated?
TDR uses Simple Interest calculation: Interest = (Principal × Rate × Time) / 100. The interest is paid out at regular intervals as chosen by the depositor.
TDR vs STDR - Which is Better?
TDR (Non-Cumulative): Interest paid monthly/quarterly. Best for those needing regular income.
STDR (Cumulative): Interest compounds quarterly and paid at maturity. Better for wealth building.
Tax Implications on FD Interest
- FD interest is fully taxable as per your income tax slab rate
- Banks deduct 10% TDS if annual interest exceeds ₹40,000 (₹50,000 for senior citizens)
- Submit Form 15G/15H to avoid TDS if you're not in a taxable bracket
- 5-year Tax Saver FD qualifies for Section 80C deduction up to ₹1.5 lakh