FD Calculator - Calculate Fixed Deposit Returns Instantly
Calculate your fixed deposit maturity amount, interest earnings, and tax implications with our comprehensive FD calculator. Compare cumulative vs non-cumulative returns with detailed year-wise breakdown.
Why Choose Our FD Calculator Over Others?
🎯 Advanced Customer Classifications
Unlike basic calculators, we support Regular, Senior Citizen (60+), and Super Senior Citizen (80+) categories with accurate additional interest rates of 0.5% and 0.75% respectively.
📊 Comprehensive FD Types
Calculate both Cumulative and Non-Cumulative FDs with different payout frequencies (Monthly, Quarterly, Half-yearly, Yearly) - a feature missing in most calculators.
💰 Accurate TDS Calculations
Automatic TDS computation based on customer type with correct thresholds (₹10,000 for regular, ₹50,000 for senior citizens) - rarely found in other calculators.
🔄 Flexible Compounding Options
Choose from Monthly, Quarterly, Half-yearly, or Yearly compounding to see exact impact on returns - most calculators assume quarterly compounding only.
📅 Ultra-Flexible Tenure Input
Input tenure in Days (7-3650), Months (1-120), or Years (1-100) with dynamic sliders - unmatched flexibility compared to basic calculators.
📈 Detailed Growth Visualization
Year-wise and period-wise breakdown with interactive charts showing Principal vs Interest and Growth Over Time - superior to simple result displays.
🎯 Effective Annual Return
Calculate true effective annual return considering compounding effects - a crucial metric often overlooked by basic FD calculators.
⚡ Real-time Interactive Sliders
Instantly see how changes in amount, rate, or tenure affect returns with smooth, responsive sliders - providing immediate financial insights.
Your FD Investment Returns
Your FD Growth Details (Yearly/Quarterly)
Understanding Fixed Deposits (FD) - Complete Guide
A Fixed Deposit (FD) is a financial instrument provided by banks and NBFCs which provides investors with a higher rate of interest than a regular savings account, until the given maturity date. FDs are considered one of the safest investment options with guaranteed returns and are backed by deposit insurance.
How is FD Interest Calculated?
FD interest is calculated using compound interest formula for most banks. The frequency of compounding (monthly, quarterly, half-yearly, or yearly) affects the final maturity amount. Higher compounding frequency results in better returns due to the compounding effect.
A = Final maturity amount
P = Principal amount invested
r = Annual interest rate (in decimal)
n = Number of times interest is compounded per year
t = Time period in years
Types of Fixed Deposits
There are two main types of FDs based on interest payment structure:
- Cumulative FD: Interest is compounded and paid along with principal at maturity - offers higher returns
- Non-Cumulative FD: Interest is paid out periodically (monthly, quarterly, etc.) as per chosen frequency - provides regular income
- Tax Saving FD: 5-year lock-in period with tax deduction under Section 80C
- Senior Citizen FD: Additional 0.25% to 0.75% interest for citizens above 60 years
FD Interest Rates in India (2025)
FD interest rates in India typically range from 3% to 7.5% for regular customers and up to 8.25% for senior citizens. Small Finance Banks and NBFCs often offer higher rates compared to traditional banks. Rates vary based on tenure, with longer tenure generally offering better rates.
Tax Implications of Fixed Deposits
- Interest Taxation: FD interest is fully taxable as per your income tax slab
- TDS Deduction: 10% TDS if interest exceeds ₹10,000 in a financial year for regular customers
- Senior Citizen Benefits: Higher TDS threshold of ₹50,000 under Section 80TTB
- Form 15G/15H: Submit to avoid TDS if total income is below taxable limit
- Tax Saving FD: Eligible for deduction under Section 80C up to ₹1.5 lakh
FD vs Other Investment Options
- FD vs Savings Account: FDs offer higher interest rates but with lock-in period
- FD vs PPF: PPF offers tax-free returns but with 15-year lock-in
- FD vs Debt Mutual Funds: FDs provide guaranteed returns while debt funds offer potentially higher but variable returns
- FD vs Gold: FDs provide steady income while gold offers inflation hedge
Maximizing FD Returns Strategy
- Rate Shopping: Compare rates across banks, NBFCs, and small finance banks
- FD Laddering: Stagger FD maturities for better liquidity and rate optimization
- Cumulative Option: Choose cumulative FDs for better compounding benefits
- Senior Benefits: Utilize senior citizen additional rates if eligible
- Tenure Selection: Balance between higher rates and liquidity needs
Fixed Deposit Calculator - Frequently Asked Questions
Most banks in India require a minimum of ₹1,000 to ₹10,000 to open an FD account. Some banks allow even lower amounts like ₹100 for certain schemes. Our calculator supports amounts from ₹5,000 to ₹1 crore for practical investment planning.
Yes, most FDs allow premature withdrawal with a penalty of 0.5% to 1% on the applicable interest rate. Some banks offer partial withdrawal facilities. Tax-saving FDs have a mandatory 5-year lock-in period with no premature withdrawal option.
TDS is deducted at 10% if total interest earned from all FDs in a bank exceeds ₹10,000 in a financial year. For senior citizens, this limit is ₹50,000 under Section 80TTB. You can submit Form 15G/15H to avoid TDS if your total income is below taxable limit.
Cumulative FDs reinvest interest for compounding, paying the total amount at maturity, while non-cumulative FDs pay interest periodically (monthly, quarterly, etc.). Cumulative FDs typically offer higher returns due to compounding, while non-cumulative FDs provide regular income.
Yes, most banks offer an additional 0.25% to 0.5% interest rate for senior citizens (60+ years) and super senior citizens (80+ years) get up to 0.75% additional interest. This benefit applies to most FD schemes except certain promotional offers.
Yes, FDs are covered under DICGC (Deposit Insurance and Credit Guarantee Corporation) insurance up to ₹5 lakh per depositor per bank, including principal and interest. This insurance protects your FD investment even if the bank fails.
Monthly compounding offers the highest returns due to more frequent compounding, followed by quarterly, half-yearly, and yearly. However, the difference is usually marginal. Most banks offer quarterly compounding as standard, which provides a good balance between returns and operational efficiency.
Yes, most banks offer loans against FDs up to 85-95% of the FD value. The interest rate on such loans is typically 1-2% higher than the FD rate. This facility allows you to access funds without breaking your FD and losing interest benefits.
Disclaimer: This FD calculator is for informational purposes only and provides approximate calculations based on the inputs provided. Actual FD returns may vary depending on the bank's terms, compounding frequency, and interest rate changes. TDS calculations are based on current tax rules which may change. Interest rates are subject to change based on RBI guidelines and individual bank policies. Please consult with financial advisors and banks before making any investment decisions.