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Fixed Deposit Calculator

Calculate FD maturity amount, interest earned and effective returns for bank fixed deposits

₹
Initial fixed deposit amount
% p.a.
Annual interest rate offered by bank
Fixed deposit duration
Most banks compound quarterly
%
Your income tax slab rate for TDS calculation
🏦 Popular FD Options:
💡 FD Tips:
  • 📈 Compare rates: Different banks offer different rates
  • 👴 Senior citizens: Get 0.5% extra interest
  • 💰 TDS: Tax deducted if interest > ₹40K annually
  • ⏰ Laddering: Split deposits across different tenures
🏦 Current FD Rates (Indicative)

SBI: 7.0% - 7.4%

HDFC: 7.25% - 8.0%

ICICI: 7.5% - 8.25%

Axis: 7.75% - 8.5%

Kotak: 7.5% - 8.75%

Small Finance: 8% - 9%

*Rates vary by tenure and amount. Check latest rates with banks.

Fixed Deposit Features & Benefits

✅ FD Advantages

  • 🛡️ Capital Protection: 100% principal safety
  • 📈 Guaranteed Returns: Fixed interest rate
  • 🏦 Bank Assurance: Backed by bank reputation
  • 💰 Deposit Insurance: Up to ₹5L DICGC cover
  • ⏰ Flexible Tenure: 7 days to 10 years
  • 🎯 Easy Planning: Predictable maturity amount

⚠️ FD Disadvantages

  • 📉 Inflation Risk: Returns may not beat inflation
  • 🔒 Liquidity Lock: Early withdrawal penalties
  • 💸 Tax Impact: Interest fully taxable
  • 📊 Lower Returns: Compared to equities long-term
  • 🏦 Rate Risk: Fixed rate in rising rate scenario
  • 💰 TDS: 10% TDS if interest > ₹40K

📋 FD Types & Features

Regular FD: Standard fixed deposits

Tax Saver FD: 5-year lock-in, 80C deduction

Senior Citizen FD: Extra 0.25-0.75% interest

Flexi FD: Sweep facility, instant liquidity

Cumulative FD: Interest reinvested

Non-Cumulative FD: Regular interest payouts

💡 FD Strategy Tips

  • 🪜 FD Laddering: Stagger maturity dates
  • 📊 Rate Comparison: Shop around for best rates
  • ⏰ Timing: Lock rates when they're high
  • 💰 Amount Planning: Stay below TDS threshold
  • 🔄 Reinvestment: Plan for maturity proceeds
  • 📝 Nominee: Always add nominee details