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FD Calculator India

Fixed Deposit Maturity · Bank Comparison · Tax Impact · Senior Citizen Rates

🏦 Fixed Deposit Calculator

👴 Senior Citizen (60+ years)?

Deposit Amount (₹)Min ₹1,000 · No maximum limit

Interest Rate — 7.1% p.a.

7.1%

3%SBI 7.1%9.5%

Tenure

Years

Months

Total: 36 months (3.00 years)

Compounding Frequency

🧾 Show Tax Deduction (TDS/Income Tax)

📐 How FD Returns Are Calculated

Compound Interest Formula (Quarterly):

A = P × (1 + r/n)^(n×t)

A = Maturity AmountP = Principal (Deposit)r = Annual Rate / 100n = Compounding frequency (4 for quarterly)t = Time in years

📖 Example Calculation

Deposit: ₹5,00,000 | Rate: 7.1% p.a. | Period: 3 years | Quarterly compounding

1 r = 7.1 / 100 = 0.071, n = 4 (quarterly), t = 3

2 A = 5,00,000 × (1 + 0.071/4)^(4×3)

3 A = 5,00,000 × (1.01775)^12

4 A ≈ ₹6,23,397 | Interest: ₹1,23,397 | Return: 24.68%

💼 Real Life Use Case

👴Retirement Income

₹25L FD @ 7.5% → Monthly interest ₹15,625 as pension supplement

🏠Home Down Payment

₹5L FD for 3 yrs @ 7.1% → ₹6.23L ready for property purchase

🎓Education Fund

₹8L FD for 5 yrs @ 7.5% → ₹11.5L for child's college fees

🛡️Emergency Corpus

6-month expenses in FD — safe, insured, earns more than savings

❓ Frequently Asked Questions

What is an FD calculator India and how does it work?›

An FD calculator India is a free online tool that computes the maturity amount of your fixed deposit based on principal, interest rate, tenure, and compounding frequency. It uses the compound interest formula A = P×(1+r/n)^(n×t) for compound FDs and A = P×(1+r×t) for simple interest FDs.

What is the best FD interest rate in India 2025?›

Is FD interest taxable in India?›

What is compound vs simple interest in FD?›

Do senior citizens get higher FD rates?›

What is FD Ladder strategy?›

Is my FD safe? What is DICGC insurance?›

📌 Key Takeaways

✅ FD calculator India helps compare bank rates and compute exact maturity amount
✅ Quarterly compounding gives higher returns than simple interest or monthly payout FDs
✅ Senior citizens get 0.25–0.50% extra interest on FD across most banks
✅ FD interest is taxable — TDS @ 10% deducted if interest exceeds ₹40,000/year
✅ DICGC insures deposits up to ₹5 lakh per depositor per bank
✅ FD Ladder strategy gives both liquidity and better returns than single FD
✅ Tax-saving FD under 80C: 5-year lock-in, max ₹1.5L deduction per year

🏦 Top FD Rates 2026

Bank	Rate	Sr.
SBI	7.1%	7.6%
HDFC Bank	7.25%	7.75%
ICICI Bank	7.2%	7.7%
Axis Bank	7.1%	7.75%
PNB	7.05%	7.55%
Canara Bank	7.15%	7.65%
BOB	7.15%	7.65%
Kotak Bank	7.25%	7.75%
IDFC First	7.75%	8.25%
Yes Bank	7.75%	8.25%
AU Small Fin	8%	8.5%
Jana SFB	8.25%	8.75%
Suryoday SFB	9.1%	9.6%