FD Calculator India
Calculate your Fixed Deposit maturity amount and total interest earned. Supports all compounding frequencies with a full visual breakdown.
FD Calculator
Fixed Deposit Maturity Calculator
FD Maturity Breakdown
Compound InterestEnter your investment amount, interest rate and tenure above, then click Calculate FD to see your maturity amount and interest earned.
Compound Interest Formula
Maturity Amount = P × (1 + r/n)^(n×t)
Where P = Principal, r = Annual Rate (decimal), n = Compounding frequency per year, t = Tenure in years. Interest Earned = Maturity Amount − Principal.
Capital Protection
Fixed deposits guarantee your principal amount. You will always get back at least what you invested, plus the agreed interest.
Flexible Tenure
FD tenures range from 7 days to 10 years in India. Longer tenures usually offer higher interest rates.
Compounding Frequency
More frequent compounding = more interest. Monthly compounding earns slightly more than quarterly, which earns more than yearly.
TDS on FD Interest
Banks deduct TDS at 10% if your annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if income is below taxable limit.
FD Interest Rates — Top Indian Banks (2025–26)
Indicative rates for general public. Senior citizen rates are 0.25–0.50% higher.
| Bank | 1 Year | 3 Years | 5 Years |
|---|---|---|---|
| SBI | 6.80% | 6.75% | 6.50% |
| HDFC Bank | 6.60% | 7.00% | 7.00% |
| ICICI Bank | 6.70% | 7.00% | 7.00% |
| Axis Bank | 6.70% | 7.10% | 7.10% |
| Kotak Bank | 7.10% | 7.00% | 6.20% |
| Yes Bank | 7.75% | 7.75% | 7.75% |
An FD Calculator is a free online tool that computes your fixed deposit maturity amount and total interest earned based on your principal, interest rate, tenure, and compounding frequency. It saves you from doing complex compound interest calculations manually.
Monthly compounding gives the highest returns, followed by quarterly, half-yearly, and then yearly. The difference is small but compounds over longer tenures. Most Indian banks offer quarterly compounding by default.
Yes. FD interest is added to your total income and taxed at your applicable income tax slab rate. TDS is deducted at 10% if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G or 15H if your total income is below the taxable limit to avoid TDS.
Most Indian banks offer FDs starting from 7 days up to 10 years. Tax-saving FDs have a mandatory lock-in of 5 years. For the best interest rates, 1–3 year tenures typically offer the most competitive rates.
Yes, most FDs can be broken prematurely but banks usually charge a penalty of 0.5–1% on the interest rate. Tax-saving FDs (5-year lock-in) cannot be broken before maturity.