The Fixed Deposit (FD) Calculator helps you calculate the maturity amount and interest earned on your bank FD. Compare different tenures and banks to maximize returns.
| Bank | 1 Year | 3 Years | 5 Years |
|---|---|---|---|
| SBI | 6.8% | 6.75% | 6.5% |
| HDFC | 6.6% | 7.0% | 7.0% |
| Post Office | 6.9% | 7.1% | 7.5% |
| Senior Citizen | +0.5% | +0.5% | +0.5% |
FD interest is taxable — TDS of 10% is deducted if interest exceeds ₹40,000/year (₹50,000 for senior citizens).
Fixed deposit maturity is calculated using compound interest on your principal at the offered interest rate over the chosen tenure, usually compounded quarterly by most banks.
Simple interest is paid only on the principal, while compound interest is paid on the principal plus accumulated interest, which gives a higher maturity amount over time.
Interest earned on fixed deposits is generally taxable as income. Banks may deduct tax at source above certain limits, so consider this when comparing returns.