FD Calculator India – Calculate Fixed Deposit Returns Online

Calculate your Fixed Deposit maturity amount and total interest earned with different compounding frequencies

Deposit Amount
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Total Interest Earned
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Maturity Amount
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Year-wise FD Growth Table

What is a Fixed Deposit (FD)? – Complete Guide for Indian Investors

A Fixed Deposit (FD) is one of the safest and most popular investment options in India. You deposit a lump sum amount with a bank for a fixed tenure (ranging from 7 days to 10 years), and the bank pays you a predetermined interest rate. At maturity, you receive your principal plus accumulated interest.

How FD Interest is Calculated

Indian banks calculate FD interest using the compound interest formula with quarterly compounding:

Maturity = P × (1 + r/n)(n×t)

Where P is the deposit amount, r is the annual interest rate, n is the compounding frequency (4 for quarterly), and t is tenure in years. For example, ₹5 lakh at 7% for 5 years with quarterly compounding gives a maturity amount of approximately ₹7.07 lakh.

FD Rates in India 2026

Major banks currently offer FD rates in the range of 5.5% to 7.5% for regular depositors. Senior citizens receive an additional premium of 0.25% to 0.50%. Banks like SBI, HDFC, ICICI, Axis, and PNB have competitive rates, while small finance banks like AU Bank and Ujjivan may offer up to 8.5%.

Tax on FD Interest

FD interest is fully taxable as per your income tax slab. Banks deduct TDS at 10% if your annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens). To avoid FD tax, consider tax-saving FDs under Section 80C (5-year lock-in, up to ₹1.5 lakh deduction).

Looking for higher returns? Try our SIP Calculator for mutual fund investments, or compare loan options with the EMI Calculator.

Frequently Asked Questions – FD Calculator

What is a Fixed Deposit (FD)?
A Fixed Deposit is a bank product where you deposit money for a fixed period at a guaranteed interest rate. FDs are one of the safest investments in India, insured up to ₹5 lakh under DICGC. They offer higher returns than savings accounts.
How is FD interest calculated in India?
Indian banks use compound interest with quarterly compounding: A = P(1 + r/4)^(4t). Some banks offer monthly or annual compounding. Quarterly compounding is the most common and gives slightly higher returns than annual compounding.
What are current FD rates in India?
As of 2026, major banks offer 5.5–7.5% for regular depositors and up to 8% for senior citizens. Small finance banks offer even higher rates (up to 8.5%). Always compare rates across banks before opening an FD.
Is FD interest taxable?
Yes, FD interest is taxable under "Income from Other Sources" as per your tax slab. TDS is deducted at 10% if annual interest exceeds ₹40,000 (₹50,000 for seniors). Submit Form 15G/15H if your income is below the taxable limit.
Which is better — FD or SIP?
FDs offer guaranteed 6-7% returns with zero risk. SIPs in equity mutual funds offer higher returns (12-15%) but with market risk. For short-term goals (1-3 years), FDs are better. For long-term (5+ years), SIPs can give much higher returns. Use our SIP Calculator to compare.