FD Calculator
Calculate Fixed Deposit maturity amount, interest earned, and returns for Indian banks. Compare SBI, HDFC, ICICI FD rates with quarterly compounding. Get accurate FD calculations with TDS details for tax planning in India.
PopularFixed Deposit Maturity: Understanding Compounding Frequency and Tax Implications
Fixed Deposits (FDs) are low-risk investment instruments where you deposit a lump sum for a fixed period at a predetermined interest rate. The maturity value is calculated using compound interest: Maturity Amount = Principal ร (1 + r/n)^(nรt), where r is the annual interest rate, n is the compounding frequency (quarterly, monthly, or annually), and t is the tenure in years. Understanding compounding frequency and tax implications helps you maximize FD returns.
Compounding Frequency Impact: More frequent compounding (monthly or quarterly) results in higher returns than annual compounding due to the power of compound interest. For example, โน1 lakh at 7% interest for 5 years: with annual compounding, maturity value = โน1,40,255; with quarterly compounding, maturity value = โน1,41,478 (โน1,223 more); with monthly compounding, maturity value = โน1,41,760 (โน1,505 more). The difference increases with longer tenures and higher interest rates.
Tax Implications: FD interest is taxable as per your income tax slab. For individuals in the 30% tax bracket, a 7% FD effectively yields 4.9% after tax (7% ร (1 - 0.30)). Additionally, TDS (Tax Deducted at Source) of 10% is deducted if interest exceeds โน40,000 per year (โน50,000 for senior citizens). Consider tax-saving FDs under Section 80C for deductions up to โน1.5 lakh, though these have a 5-year lock-in period.
Example: โน1 lakh FD, 7% interest, 5 years, quarterly compounding. Quarterly interest rate = 7% รท 4 = 1.75%. Number of quarters = 5 ร 4 = 20. Maturity amount = โน1,00,000 ร (1.0175)^20 = โน1,41,478. Interest earned = โน1,41,478 - โน1,00,000 = โน41,478. After 30% tax, net interest = โน41,478 ร 0.70 = โน29,034. Effective return = 5.81% after tax. This calculator helps you understand these calculations and plan your FD investments effectively.
Premature Withdrawal: Most FDs allow premature withdrawal with penalty charges (typically 0.5-1% reduction in interest rate). Some banks offer flexible FDs with partial withdrawal options. Consider your liquidity needs before locking funds in FDs, and compare FD rates across banks to maximize returns. Senior citizens typically receive 0.25-0.50% higher interest rates on FDs.
Enter FD Details
Enter your deposit amount, interest rate, tenure, and compounding frequency
Minimum โน1,000 for most banks
Check current rates with your bank
Enter tenure in months (e.g., 12 for 1 year, 60 for 5 years)
Maturity Details
Investment Summary
๐ Tax Information
Tax Note: Interest earned (โน38,041.98) is taxable.Consider tax implications in your net returns.
How to Use the FD Calculator
Enter your deposit amount, interest rate offered by your bank, FD tenure, and compounding frequency. The calculator shows your maturity amount and total interest earned.
FD Interest Calculation Formula
For Quarterly Compounding (Most Common):
A = P ร (1 + r/4)^(4t)
Where: A = maturity amount, P = principal, r = annual rate, t = years
Latest FD Interest Rates (October 2025)
๐ฆ Public Sector Banks
๐ข Private Sector Banks
๐ Small Finance Banks (Highest Rates)
๐ Key Takeaways (October 2025)
- Top Public Banks: SBI, PNB, Canara offer ~6.5โ6.8% (general) and ~7.0โ7.3% (senior citizens)
- Top Private Banks: HDFC, ICICI, Axis ~6.6โ6.7% (general), ~7.1โ7.2% (senior)
- Highest Returns: Small Finance Banks offer up to 8.05% for senior citizens (Suryoday)
- Safety vs Returns: Large banks = safety + decent returns, SFBs = maximum yield
- Trend: Rates at peak in 2025, RBI expected to hold steady before gradual easing in 2026
*Rates updated October 2025. Senior citizens typically get additional 0.25-0.75% across all banks. Always verify current rates with respective banks before investing. Deposits up to โน5 lakh insured by DICGC per bank.
FD vs Other Investments
- Safety: FDs are guaranteed up to โน5 lakh by DICGC (deposit insurance)
- Returns: Lower than equity but higher than savings accounts
- Liquidity: Can break early with penalty (unlike PPF)
- Taxation: Interest fully taxable (unlike PPF which is tax-free)
Types of Fixed Deposits
- Regular FD: Standard fixed deposit with lump sum maturity
- Tax-Saver FD: 5-year lock-in, eligible for 80C deduction (up to โน1.5 lakh)
- Senior Citizen FD: Higher rates (0.25-0.75% extra)
- Cumulative FD: Interest compounded and paid at maturity
- Non-Cumulative FD: Interest paid monthly/quarterly/annually
Smart FD Strategies
- Laddering: Split corpus into multiple FDs with different maturities
- Rate Shopping: Small finance banks often offer 1-2% higher rates
- Tenure Selection: Choose tenures with highest rates (often 2-3 years)
- Auto-Renewal: Enable for hassle-free reinvestment
๐ฆ FD Interest Rates Comparison (Nov 2025)
Best FD Rates - Regular Citizens
| Bank | 1 Year | 2 Years | 3 Years | 5 Years | Special Features |
|---|---|---|---|---|---|
| HDFC Bank | 7.00% | 7.15% | 7.25% | 7.40% | Online booking bonus |
| ICICI Bank | 7.00% | 7.05% | 7.10% | 7.20% | Quarterly interest option |
| Axis Bank | 7.10% | 7.20% | 7.25% | 7.35% | Senior citizen +0.75% |
| SBI | 6.80% | 6.90% | 7.00% | 7.00% | Tax-saving FD available |
| Kotak Bank | 7.00% | 7.15% | 7.20% | 7.30% | Sweep-in facility |
| IDFC First | 7.25% | 7.40% | 7.50% | 7.75% | Highest rates |
| RBL Bank | 7.50% | 7.60% | 7.80% | 8.00% | Small bank, higher risk |
Best FD Rates - Senior Citizens (+0.50% extra)
| Bank | 1 Year | 3 Years | 5 Years | Best For |
|---|---|---|---|---|
| RBL Bank | 8.00% | 8.30% | 8.50% | Highest returns |
| IDFC First | 7.75% | 8.00% | 8.25% | Safe + high rate |
| Axis Bank | 7.85% | 8.00% | 8.10% | Trusted brand |
| HDFC Bank | 7.50% | 7.75% | 7.90% | Most reliable |
๐ฐ FD Maturity Comparison
For โน1 Lakh Investment:
| Tenure | 6.5% (SBI) | 7.5% (IDFC) | 8.5% (Senior) | Difference |
|---|---|---|---|---|
| 1 Year | โน1,06,500 | โน1,07,500 | โน1,08,500 | โน2,000 |
| 3 Years | โน1,20,795 | โน1,24,230 | โน1,27,759 | โน6,964 |
| 5 Years | โน1,37,009 | โน1,43,563 | โน1,50,366 | โน13,357 |
1% rate difference = โน2,500+ extra on โน1L over 5 years!
Important Disclaimer
This FD calculator is provided for informational and educational purposes only. The calculations are based on the inputs provided and standard compounding formulas. Actual FD interest rates, maturity amounts, and terms may vary by bank, tenure, customer type (general vs senior citizen), and market conditions. Interest rates change periodically based on RBI monetary policy and bank policies. We strongly recommend verifying current FD rates, terms, and conditions with your bank or financial institution before making any investment decisions. This calculator does not account for TDS deductions, tax implications, premature withdrawal penalties, or other charges that may apply. Investment decisions should be made after consulting with a qualified financial advisor. Past performance or calculated returns do not guarantee future results.
Frequently Asked Questions
Affiliates: Contextual offers only; no pop-ups. Disclosures apply where shown.
Calculate Fixed Deposit (FD) maturity amount and interest earned using our free FD calculator. Perfect for planning fixed deposits in banks, NBFCs, or post office schemes. Get instant results showing maturity value, interest breakdown, and effective yield for different interest rates and tenures across leading Indian banks.
โ Common Use Cases
- Compare FD rates across different banks and tenure options
- Calculate maturity amount for long-term fixed deposits
- Plan tax-saving FDs with 5-year lock-in periods
- Determine effective yield considering compounding frequency
๐ก Key Benefits
- Quarterly, monthly, and annual compounding options
- Shows effective annual yield vs nominal interest rate
- Calculates tax implications on interest income
- Comparison tool for different FD tenures and rates
How to Use FD Calculator
Choose your calculator
Navigate to the FD Calculator page and familiarize yourself with the input fields.
Enter your values
Input your data into the calculator fields. All inputs are validated in real-time.
View instant results
The calculator instantly displays comprehensive results with detailed breakdowns.
๐ฌ How FD Calculator Works
๐ Formula
FD Calculator Calculation Formula: The FD Calculator employs validated mathematical formulas and computational algorithms specifically designed for financial calculations involving interest rates, payments, returns, and investment analysis. The calculation process takes your input values and applies industry-standard formulas to produce accurate, reliable results. Each input parameter influences the final result according to established mathematical principles, ensuring consistency and accuracy across all calculations.
Variables:
- Input Values: The specific data points you provide to the FD Calculator, such as amounts, rates, measurements, or other relevant parameters needed for the calculation
- Calculation Function: The mathematical formula or algorithm that processes your inputs according to established principles and industry standards
- Result: The calculated output value, which may include primary results, intermediate calculations, and detailed breakdowns to help you understand the computation
๐ Step-by-Step Calculation Process
Gather Required Information
Before using the FD Calculator, identify all the values you need for the calculation. Review the input fields to understand what information is required, including units of measurement, time periods, or other relevant parameters. Having accurate input data ensures reliable results.
Enter Your Values
Input your information into the FD Calculator fields. The calculator provides clear labels, helpful placeholders, and real-time validation to guide you. As you type, the calculator checks for valid inputs and highlights any errors immediately, ensuring you enter correct values before calculation.
Review and Verify Inputs
Double-check all entered values for accuracy. Verify that numbers are correct, units match (e.g., dollars vs. cents, months vs. years), and all required fields are filled. The calculator will alert you to any missing or invalid inputs before proceeding with calculations.
Calculate and Analyze Results
The FD Calculator processes your inputs instantly using validated formulas and algorithms. Results appear immediately with detailed breakdowns, intermediate calculations, and clear explanations. Review all result metrics to fully understand the calculation and its implications for your specific situation.
Interpret and Apply Results
Use the detailed result breakdowns and explanations to understand what the calculations mean for your situation. Compare different scenarios by adjusting inputs, and use the insights gained to make informed decisions. The calculator provides context and explanations to help you interpret results accurately.
โจ๏ธ Understanding Input Fields
The main data points required for the FD Calculator calculation. These values typically include amounts, rates, time periods, measurements, or other parameters specific to financial calculations involving interest rates, payments, returns, and investment analysis. Each input field is clearly labeled with its purpose and expected format.
Optional or secondary inputs that may affect the calculation results. These parameters allow you to customize the calculation for your specific needs and compare different scenarios.
๐ Understanding Your Results
The FD Calculator delivers comprehensive calculation results with detailed breakdowns and clear explanations. Each result metric is labeled and explained to help you understand not just what the numbers are, but what they mean for your specific situation. The calculator provides context, comparisons, and actionable insights based on financial calculations involving interest rates, payments, returns, and investment analysis principles, enabling you to make informed decisions with confidence.
Key Metrics Explained:
- Primary Calculation Result: The main output value from the FD Calculator, representing the primary calculation you requested. This result is calculated using validated formulas and algorithms, ensuring accuracy and reliability. Understanding this primary result helps you make informed decisions about financial calculations involving interest rates, payments, returns, and investment analysis.
- Supporting Calculations: Additional metrics and breakdowns that provide context and deeper insights into the FD Calculator results. These supporting calculations help you understand the complete picture, including intermediate values, percentages, comparisons, and other relevant metrics that enhance your understanding of the primary result.
- Detailed Breakdowns: Comprehensive explanations and step-by-step breakdowns showing how the FD Calculator arrived at each result. These breakdowns help you verify calculations, understand the underlying formulas, and gain confidence in the results for financial calculations involving interest rates, payments, returns, and investment analysis.
What to Do Next:
- Review the results carefully to ensure they match your expectations
- Use the results to make informed decisions or plan next steps
- Experiment with different input values to see how they affect results
- Share or save results for future reference if needed
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