March 26, 20265 min read

FD Calculator — Fixed Deposit Interest & Maturity Calculator (India)

Calculate fixed deposit maturity amount and interest earned. Compare FD rates across banks, understand compounding quarterly vs monthly, and TDS implications.

FD calculator fixed deposit calculator FD interest rate FD maturity calchub

Fixed deposits remain India's most popular savings instrument — over ₹100 lakh crore sits in bank FDs nationwide. They're simple, safe, and predictable. But most people don't calculate the actual return after taxes, which is where the real picture gets less rosy.

The CalcHub FD Calculator shows your maturity amount, interest earned, and effective post-tax return.

FD Maturity Formula

A = P × (1 + r/n)^(n×t)

Where: P = deposit amount, r = annual interest rate (decimal), n = compounding frequency per year, t = tenure in years.

Most banks compound FDs quarterly (n = 4).

FD Returns at Current Rates

Assuming 7.25% interest, compounded quarterly:

Deposit (₹)	1 Year	3 Years	5 Years	7 Years	10 Years
1,00,000	₹1,07,445	₹1,24,013	₹1,43,183	₹1,65,330	₹2,05,716
5,00,000	₹5,37,227	₹6,20,065	₹7,15,917	₹8,26,650	₹10,28,579
10,00,000	₹10,74,453	₹12,40,130	₹14,31,834	₹16,53,300	₹20,57,158
25,00,000	₹26,86,133	₹31,00,325	₹35,79,585	₹41,33,249	₹51,42,895

Current FD Interest Rates (Top Banks — 2026)

Bank	1 Year	3 Years	5 Years	Senior Citizen (+0.50%)
SBI	6.80%	7.00%	6.50%	+0.50%
HDFC Bank	7.00%	7.15%	7.00%	+0.50%
ICICI Bank	6.90%	7.10%	7.00%	+0.50%
Axis Bank	7.00%	7.10%	7.00%	+0.50%
Post Office TD	7.00%	7.10%	7.50%	N/A

Rates as of early 2026 — verify with your bank for current rates. Senior citizens get an extra 0.25–0.75% at most banks, making FDs even more attractive for retirees.

The Tax Reality

This is where FDs lose their shine. Interest earned on FDs is fully taxable as income:

Your Tax Bracket	FD Rate	Effective Post-Tax Return	Real Return (after 5% inflation)
No tax (below ₹5L)	7.25%	7.25%	2.25%
20% slab	7.25%	5.80%	0.80%
30% slab	7.25%	5.08%	0.08%

If you're in the 30% tax bracket, your real return on an FD is barely above zero. This is why financial advisors push equity and PPF for long-term savings.

TDS on FDs

Banks deduct 10% TDS if interest exceeds ₹40,000/year (₹50,000 for senior citizens)
If you don't have PAN linked, TDS is 20%
Submit Form 15G/15H if your total income is below the taxable limit to avoid TDS

Cumulative vs Non-Cumulative FD

Type	How Interest Is Paid	Best For
Cumulative	Reinvested, paid at maturity	Growing your money (higher effective return)
Non-cumulative	Paid monthly/quarterly/annually	Regular income (retirees, supplementing salary)

Example: ₹10,00,000 at 7.25% for 5 years

Cumulative: You receive ₹14,31,834 at maturity (₹4,31,834 interest)
Non-cumulative (quarterly): You receive ~₹18,125/quarter and get back ₹10,00,000 at maturity

How to Use the Calculator

Open the CalcHub FD Calculator
Enter deposit amount (₹)
Enter interest rate (%)
Select tenure (years/months)
Choose compounding frequency (quarterly is standard)
See maturity amount, total interest, and year-by-year growth

FD vs Other Fixed-Income Options

Option	Return	Tax Treatment	Lock-in	Risk
Bank FD	7–7.5%	Fully taxable	Flexible (1 month–10 years)	Very low
Tax-saver FD	7–7.5%	Taxable (80C on deposit)	5 years	Very low
PPF	7.1%	Fully exempt (EEE)	15 years	Zero
Post Office MIS	7.4%	Taxable	5 years	Zero
Debt mutual funds	7–9%	LTCG after 3 years	None	Low-moderate
Corporate FDs	8–9%	Fully taxable	Varies	Moderate

For 30% bracket taxpayers, PPF at 7.1% tax-free beats any FD at 7.5% taxable.

Is breaking an FD before maturity a big penalty?

Usually 0.5–1% reduction from the applicable rate for the actual tenure. On a 7.25% FD broken after 1 year, you might get 6.25–6.75% for that year. It's a penalty, but not catastrophic. Some banks charge zero penalty on premature withdrawal.

Should I put all my savings in FDs?

No. FDs are good for emergency funds and short-term goals (1–3 years). For long-term goals (5+ years), the after-tax returns barely beat inflation. Diversify across equity (ELSS/index funds), PPF, and FDs based on your risk tolerance and time horizon.

Are small finance bank FDs safe?

FDs up to ₹5 lakh per depositor per bank are covered by DICGC insurance. Small finance banks often offer 0.5–1.5% higher rates than large banks. For amounts up to ₹5 lakh, the risk is effectively the same.

PPF Calculator — tax-free alternative to FDs
Compound Interest Calculator — understand compounding math
Simple Interest Calculator — for flat-rate calculations
SIP Calculator — equity alternative for long-term goals