Formula: A = P(1 + r/4)4t — Indian FDs typically compound quarterly. UAE term deposits often pay simple or monthly-compounded profit; adjust to your bank’s terms.
FAQs
Is FD interest taxable?
In India, FD interest is taxable as income; TDS may apply above thresholds.
What happens on premature withdrawal?
Banks usually pay a lower rate and may charge a penalty.
