৳0 at maturity
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Principal
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Interest earned
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Source tax deducted
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Net maturity (after tax)
A fixed deposit pays compound interest on a lump sum. In Bangladesh banks deduct source tax (AIT) on the interest — 10% with a TIN, 15% without — which is applied to the interest only.
Frequently Asked Questions
How is FDR maturity calculated?
With compound interest: M = P × (1 + r/m)^(m×t), where P is the deposit, r is the annual rate, m is how many times a year interest compounds, and t is the tenure in years.
How much tax is deducted on FDR interest?
Banks in Bangladesh deduct advance income tax on the interest: about 10% if you have a TIN, or 15% without one. The tax applies to the interest earned, not the principal.
Calculate the maturity value and interest of a fixed deposit (FDR), including source tax on the interest.