Fixed Deposit (FD) Calculator
Estimate your FD returns accurately for SBI, HDFC, ICICI, and other Indian banks. Plan your low-risk investments with our easy-to-use tool.
Secure Your Future with Fixed Deposits
Fixed Deposits (FDs) remain one of the most trusted investment options in India. Whether you are saving for a goal or looking for a safe place to park your surplus funds, an FD offers guaranteed returns and peace of mind. Our FD calculator helps you determine exactly how much your investment will grow over time.
Why invest in Fixed Deposits?
- Safety and Stability
Unlike market-linked investments, FD returns are guaranteed by the bank, making them ideal for conservative investors.
- Compounding Power
Most Indian banks compound interest quarterly, which means you earn interest on your interest, leading to higher maturity amounts.
- Senior Citizen Benefits
Individuals above 60 years typically get 0.50% to 0.75% higher interest rates compared to regular depositors.
- Loan against FD
In case of emergencies, you can take a loan or overdraft against your FD (usually up to 90%) without breaking it.
How our FD Calculator works?
Most Indian banks follow the quarterly compounding method for FDs with tenures over 6 months. Our calculator uses the formula:
Where: A = Maturity Amount, P = Principal, r = Annual Interest Rate, n = Number of times interest compounded per year (4 for quarterly), t = Tenure in years.
Taxation on FD Interest (TDS)
Remember that interest earned on FDs is taxable as per your income tax slab. Banks in India deduct TDS (Tax Deducted at Source) at 10% if the interest earned exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year, provided your PAN is updated.