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FD Calculator

Calculate Fixed Deposit maturity amount and interest earned

Principal
₹0
Interest Earned
₹0
Maturity Amount
₹0
Effective Rate (p.a.)0%
TDS Deducted (10%)₹0
Post-TDS Amount₹0
Current FD Rates (Major Banks — 2025)
Bank1 Year2 Year3 YearSenior Citizen
SBI6.80%7.00%6.75%+0.50%
HDFC Bank6.60%7.00%7.00%+0.50%
ICICI Bank6.70%7.00%7.00%+0.50%
Axis Bank6.70%7.10%7.10%+0.50%
Kotak Bank7.10%7.10%7.00%+0.50%
Post Office (POMIS)6.90%7.00%7.10%—

* Rates are indicative. Check with your bank for exact current rates.

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What is FD Calculator?

Free FD calculator India. Calculate fixed deposit maturity amount, interest earned, effective yield. Supports monthly, quarterly, and annual compounding. India-specific financial calculators built for the Indian tax system, RBI guidelines, and Indian banking rates. TekPulse's FD Calculator is completely free — no signup, no ads in results, and no data stored on our servers.

How to Use FD Calculator Online

  1. Enter the principal deposit amount (the amount you want to invest in the FD)
  2. Enter the annual interest rate offered by your bank for the chosen tenure
  3. Select the deposit tenure in years and months and the compounding frequency (quarterly for most Indian banks)
  4. View the maturity amount, interest earned, and effective yield instantly
  5. Compare results by changing the tenure or rate to find the best FD option

FD Calculator Formula & Calculation

Maturity = P × (1 + r/n)^(n×t)

P = Principal | r = Annual interest rate (decimal) | n = Compounding frequency per year (4 for quarterly) | t = Years

Example: ₹5,00,000 FD at 7.5% p.a. for 5 years, compounded quarterly: A = 5,00,000 × (1 + 0.075/4)^(4×5) = 5,00,000 × (1.01875)²⁰ = ₹7,24,300. Interest earned = ₹2,24,300.

Key Factors That Affect Your Result

  1. Interest rate — Compare across SBI (6.5–7%), HDFC/ICICI (6.6–7.1%), small finance banks like AU/Ujjivan (7.5–8.5%). Senior citizens get 0.25–0.5% extra at most banks.
  2. Compounding frequency — Quarterly compounding gives more than annual at the same advertised rate. For ₹5L at 7%: annual compounding = ₹7,01,300; quarterly = ₹7,07,800 at 5 years.
  3. Tax on FD interest — FD interest is taxable as "Income from Other Sources" at your applicable slab rate. TDS is deducted at 10% if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). File Form 15G/15H if total income is below taxable limit to avoid TDS.
  4. Premature withdrawal penalty — Most banks impose 0.5–1% reduction on applicable rate for early withdrawal. Choose tenure you won't break; or use sweep-in FDs for liquidity with near-FD rates.

Why Use TekPulse FD Calculator?

Runs Entirely in Your Browser
Uses the standard compound-interest formula — enter your own principal, rate, and tenure
4 Compounding Options
Choose monthly, quarterly, half-yearly, annual compounding, or simple interest
TDS Estimate Included
Shows an estimated 10% TDS deduction on interest above ₹40,000
Bank Rate Table is Indicative
The sample bank rates shown are for reference only, not live data — always use your own rate for calculations

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Related Guides

FD vs RD — Which Should You Choose?

Frequently Asked Questions

For compound interest: Maturity = P × (1 + r/n)^(nt), where P is principal, r is annual rate, n is compounding frequency, and t is years. Most banks compound quarterly.

Yes, FD interest is fully taxable as per your income tax slab. Banks deduct TDS at 10% if interest exceeds ₹40,000 per year (₹50,000 for senior citizens).

Yes, most banks offer 0.25% to 0.75% higher interest rates to senior citizens (age 60+) on their fixed deposits.

Banks typically offer the highest rates for 1–3 year tenures. Check current rates and compare. Laddering FDs across different tenures provides both liquidity and good returns.

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