FD – Fixed Deposit Calculator
FD – Fixed Deposit Calculator
Calculate your FD maturity amount and interest earned with precision. Input principal, rate, tenure, and compounding frequency to see how your deposit grows over time. Perfect for savers across India comparing bank rates and planning goals. Plan your finances better today using our India-specific FD Calculator.
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💡 Smart Financial Tips for Indian Users
- Compare FD rates across SBI, HDFC, ICICI—small rate differences add up over long tenures.
- Choose quarterly or monthly compounding for higher effective yield than annual compounding.
- Consider tax-saving FDs under Section 80C if you want deductions up to ₹1.5 lakh.
- Keep track of TDS—banks deduct 10% if interest exceeds ₹40,000 (₹50,000 for seniors).
- Reinvest interest payouts into shorter FDs during rising-rate cycles to boost returns.
👥 Example Scenarios
Rajesh deposits ₹1,00,000 at 7% p.a. for 5 years with quarterly compounding. He’ll receive around ₹1,40,255 at maturity.
Anjali puts ₹50,000 at 6.5% p.a. for 2 years compounded monthly. Maturity amount is nearly ₹56,842.
🔍 Current FD Rates (Annual %)
| Bank | SBI | HDFC | ICICI | Axis Bank |
|---|---|---|---|---|
| Up to 1 year | 6.50% | 6.75% | 6.70% | 6.80% |
| 1–5 years | 6.85% | 7.00% | 6.90% | 7.05% |
The table shows FD rates for popular banks. Use this to pick the best rate based on your tenure and maximize your returns.
🛠️ How to Use
- Gather Your Information: Decide principal, check current FD rates, and choose tenure and compounding frequency.
- Enter Your Inputs: Fill in principal (₹), rate (%), tenure (years), and compounding frequency. Errors show if invalid.
- Click “Calculate”: When all fields are valid, Calculate activates. It computes A = P×(1 + r/(100×n))^(n×t).
- Review & Download: View maturity amount and interest earned. Copy or download PDF containing your inputs, results, and tips.
- Repeat & Refine: Try different scenarios—vary tenure or frequency—to find the optimal strategy.
Use this calculator as often as needed to fine-tune your financial decisions and reach your goals faster.
❓ Frequently Asked Questions
It uses standard compound interest formulas. Results are estimates—actual payouts may vary by bank policies.
This tool assumes reinvestment. For payout schemes, returns differ; please consult bank-specific calculators.
No. It shows gross maturity. TDS depends on your PAN and total interest—account separately when filing tax.
Yes. Enter 1 for annual, 4 for quarterly, 12 for monthly compounding to see different outcomes.
Rates are indicative averages from major Indian banks. Check your bank’s site for final rates.
Click “Download PDF” once enabled. The report includes inputs, results, and localized tips.
Yes. All calculations are done in-browser. No data is sent to servers.
Bonus Advice: Stay consistent, track interest cycles, and let data-driven FDs grow your savings effectively.