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FD Calculator

Calculate the maturity amount and interest earned on your fixed deposit. Choose your amount, rate, tenure and compounding frequency.

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₹1,00,000
7.5%
5 yr

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How the FD Calculator works

A Fixed Deposit (FD) is one of the safest ways to grow your savings. You deposit a lump sum for a fixed tenure and earn a guaranteed interest rate. This calculator uses compound interest — the way banks actually calculate FD maturity — so your estimate is accurate.

Formula: Maturity = P × (1 + r/f)f×t, where P is the deposit, r is the annual rate, f is the compounding frequency, and t is the tenure in years.

Bank vs NBFC FD rates

NBFC and small finance bank FDs often pay 0.5-1% more than large banks, with deposit insurance up to ₹5 lakh. Senior citizens typically get an extra 0.25-0.50%. Always compare the effective rate and the credit rating before investing.

Want to compare the best FD rates available right now? Talk to our advisor for a free, unbiased recommendation.

FAQ

Frequently Asked Questions

How is FD interest calculated?
Most banks compound FD interest quarterly. The maturity amount is the deposit plus compounded interest over the tenure.
Is FD interest taxable?
Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct TDS if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a year.
Which gives higher returns, FD or SIP?
FDs offer guaranteed but lower returns. Equity SIPs can offer higher returns over the long term but carry market risk. Many people use both.
Do senior citizens get higher FD rates?
Yes. Most banks offer senior citizens an additional 0.25% to 0.50% interest over the standard rate.

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