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FD Calculator India 2026 – Fixed Deposit Returns & Tax
Use this free FD Calculator in India to instantly calculate your fixed deposit maturity amount, quarterly interest earned, and effective post-tax returns.
Fixed deposit maturity value
Maturity Amount
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Principal
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Interest Earned
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Total Amount
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❓ FAQs
How does this calculator work?▼
Enter the required values and click Calculate. Results appear instantly using standard financial formulas.
Is this free?▼
Yes, completely free. No login or signup required.
Are calculations accurate?▼
Yes, industry-standard formulas. For large decisions, consult a financial advisor.
📊 What is the FD Calculator and How Does It Work?
FD calculators use compound interest with the bank's specified compounding frequency. Indian banks typically compound quarterly. The maturity amount includes both principal and total interest earned over the deposit period.
Formula
Maturity = P × (1 + r/n)^(n×t) | P = deposit, r = rate, n = compounds per year, t = years🪓 Step-by-Step: How to Use This Calculator
- Enter your FD deposit amount
- Enter the annual interest rate offered by your bank
- Select compounding frequency (usually quarterly for Indian banks)
- Enter FD tenure in years and months
- Click Calculate to see maturity value and total interest
📌 Example Calculation
₹5,00,000 FD at 7% for 3 years (quarterly compounding) matures to ~₹6,12,750 — earning ₹1,12,750 in interest.
✅ Benefits of Using This Calculator
- Compare FD rates across banks easily
- Plan FD laddering strategy for liquidity
- Calculate tax on FD interest
- Plan reinvestment at maturity
- Safe, guaranteed returns for risk-averse investors
- Compare against inflation to check real returns
⚙️ Key Factors That Affect Results
- Bank and current FD rates
- Tenure — longer tenure often offers better rates
- Compounding frequency — quarterly is standard in India
- Senior citizen rates are 0.25–0.5% higher
- TDS if annual interest exceeds ₹40,000
- Premature withdrawal penalty of 0.5–1%
❓ Frequently Asked Questions
Which bank offers highest FD rate?▼
Small finance banks often offer 7–9% vs PSU banks at 6.5–7.5%. Always verify DICGC-covered banks.
Is FD interest taxable?▼
Yes, taxed at your income slab rate. TDS of 10% applies if annual interest exceeds ₹40,000 (₹50,000 for senior citizens).
What is FD laddering?▼
Breaking a large FD into multiple FDs with different maturities for better liquidity and rate optimization.
Can I break FD before maturity?▼
Yes, with a 0.5–1% penalty on the applicable rate.
Is FD safe?▼
Deposits up to ₹5 lakh per bank are insured by DICGC — one of the safest investments in India.