FD Calculator
Calculate Fixed Deposit maturity amount, interest earned, and returns. Compare FD rates, tenure, and compounding frequency for bank deposits and post office schemes in India.
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FD Details
₹
Minimum ₹1,000 for most banks
% p.a.
Check current rates with your bank
Enter tenure in months (e.g., 12 for 1 year, 60 for 5 years)
Maturity Details
Maturity Amount
$138041.98
Total at maturity
Principal
$100000.00
Interest Earned
$38041.98
Tenure
5.00 years
Effective Rate
7.61%
Investment Summary
Principal Deposit:$100000.00
Interest Earned (6.5% p.a.):+$38041.98
Maturity Value:$138041.98
After 60 months (5.00 years)
Tax Note: Interest earned ($38041.98) is taxable.Consider tax implications in your net returns.
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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 × (1 + r/4)^(4t)
Where: A = maturity amount, P = principal, r = annual rate, t = years
FD Interest Rates by Bank (2024)
| Bank | 1 Year | 3 Years | 5 Years |
|---|---|---|---|
| SBI | 6.8% | 7.0% | 6.5% |
| HDFC | 7.0% | 7.0% | 7.0% |
| ICICI | 6.9% | 7.0% | 7.0% |
*Rates are indicative. Check current rates with respective banks. Senior citizens get additional 0.25-0.75%.
FD vs Other Investments
- Safety: FDs are guaranteed up to ₹5 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 ₹1.5 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
Pro Tip: For amounts above ₹5 lakh, split across multiple banks to ensure full deposit insurance coverage. Each bank account is insured up to ₹5 lakh by DICGC.
Frequently Asked Questions
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