Fixed Deposit Calculator
Calculate FD maturity amount and interest earned
🏦 Popular Fixed Deposit Examples
FD ₹1 Lakh for 5 Years
FD ₹5 Lakh for 3 Years
Senior Citizen FD ₹2 Lakh
Short-term FD ₹50K
Post Office TD ₹3 Lakh
Monthly Interest FD
🏦 Current FD Interest Rates (March 2026)
| Bank | 1 Year | 2 Years | 3 Years | 5 Years | Senior Citizen |
|---|---|---|---|---|---|
| SBI | 6.8% | 7.0% | 7.25% | 7.5% | +0.5% |
| HDFC Bank | 7.0% | 7.25% | 7.5% | 7.75% | +0.5% |
| ICICI Bank | 7.0% | 7.25% | 7.5% | 7.75% | +0.5% |
| Axis Bank | 7.25% | 7.5% | 7.75% | 8.0% | +0.5% |
| Kotak Bank | 7.0% | 7.25% | 7.5% | 7.75% | +0.25% |
| Post Office TD | 7.5% | 7.5% | 7.5% | 7.5% | Same rate |
💡 Pro Tips for Better FD Returns
- Senior citizens get 0.25% to 0.5% extra interest in most banks
- Longer tenure generally offers higher interest rates
- Consider laddering FDs to benefit from rate changes
- Post Office TD offers uniform 7.5% rate across all tenures
- Small finance banks often offer higher rates (8-9%)
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You may also use our Recurring Deposit Calculator and Compound Interest Calculator for systematic savings. For tax-saving options, try our PPF Calculator.
Compare with market investments using our SIP Calculatorand Mutual Fund Calculator for better returns.
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About Fixed Deposit Calculator
Fixed Deposit (FD) is one of the safest investment options in India, offered by banks and post offices. It provides guaranteed returns with no market risk. You deposit a lump sum amount for a fixed period (7 days to 10 years) and earn interest at a predetermined rate. FD interest rates typically range from 5% to 8% depending on the bank, tenure, and whether you're a senior citizen. Senior citizens get 0.25% to 0.50% extra interest. FDs are ideal for conservative investors who want stable, predictable returns. The interest can be compounded monthly, quarterly, half-yearly, or annually, affecting your final maturity amount. Use this calculator to compare different FD options and choose the best one for your financial goals.
FD Calculation Formula
Maturity Amount = P × (1 + r/n)^(n×t)
Where:
P = Principal Amount
r = Annual Interest Rate (as decimal)
n = Compounding Frequency (12 for monthly, 4 for quarterly)
t = Time Period in Years
Example Calculation
Scenario: Invest ₹1,00,000 for 5 years at 7% interest (quarterly compounding)
- Principal: ₹1,00,000
- Interest Rate: 7% per annum
- Tenure: 5 years (60 months)
- Compounding: Quarterly
- Maturity Amount: ₹1,41,478
- Interest Earned: ₹41,478
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Frequently Asked Questions
What is a Fixed Deposit (FD)?
A Fixed Deposit is a financial instrument provided by banks which provides investors a higher rate of interest than a regular savings account, until the given maturity date.
How is FD interest calculated?
FD interest is calculated using compound interest formula: A = P(1 + r/n)^(nt), where P is principal, r is rate, n is compounding frequency, and t is time.
What is the minimum tenure for FD?
Most banks offer FDs with a minimum tenure of 7 days to a maximum of 10 years.
Is FD interest taxable?
Yes, interest earned on FD is taxable as per your income tax slab. TDS is deducted if interest exceeds ₹40,000 per year (₹50,000 for senior citizens).