Fixed Deposit Calculator: Calculate FD Returns
Compute maturity amount and interest earned on your fixed deposit investment in India. Perfect for financial planning for students, educators, and investors.
Your Fixed Deposit Results
Maturity Amount (₹)
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Interest Earned (₹)
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Calculation Steps
Steps will appear here after calculation.
FD Investment Tips
Compare interest rates from multiple banks.
Check for senior citizen benefits if applicable.
Plan tenure based on financial goals.
More Tools to Explore:
Fixed Deposit (FD) Calculator - Plan Your Guaranteed Returns in India
Why Fixed Deposits are Popular in India
In a volatile market, FDs provide a "safe haven" for Indian middle-class families. Whether you are saving for your child's marriage, higher education, or your own retirement, FDs offer peace of mind with fixed interest rates.
Senior Citizen Benefits
Most Indian banks offer 0.50% to 0.75% additional interest to individuals above 60 years. Use our 'Customer Type' filter to see the impact.
Tax-Saving FDs (80C)
Invest in 5-year lock-in FDs to claim up to ₹1.5 Lakhs deduction under Section 80C of the Income Tax Act.
灵活 (Flexible) Tenure
Tenures in India range from 7 days up to 10 years. Shorter tenures are great for temporary funds, while longer ones lock in high rates.
Cumulative vs. Non-Cumulative FDs
Choosing the right payout method can significantly change your final realization:
| Type | Interest Payout | Best For |
|---|---|---|
| Cumulative | Added to principal (Reinvested) | Long-term wealth creation (Power of Compounding) |
| Non-Cumulative | Paid Monthly/Quarterly | Retirees or those needing regular cash flow |
Understanding TDS on FD Interest
Banks in India are required to deduct tax at source (TDS) if your total interest income exceeds a certain limit:
- The Limit: TDS is deducted if interest exceeds ₹40,000 (for individuals) or ₹50,000 (for senior citizens) in a financial year.
- Rate: 10% TDS with PAN, and 20% without PAN.
- Avoid TDS: If your total income is below the taxable limit, submit Form 15G (for individuals) or Form 15H (for senior citizens) to your bank.
- DICGC Cover: Your deposits in Indian banks are insured up to ₹5 Lakhs (Principal + Interest) by the DICGC (a subsidiary of RBI).
Frequently Asked Questions - FD Investments
Yes, most banks allow "Premature Withdrawal" but they usually charge a penalty of 0.5% to 1% on the effective interest rate. Some special schemes may have a strict lock-in period.
It varies by bank. Private banks like HDFC or ICICI often have a minimum of ₹5,000 to ₹10,000, while public sector banks (SBI, PNB) might allow FDs starting from ₹1,000.
Yes, once you open an FD, the rate is locked for the entire period. Even if the RBI changes repo rates later, your FD rate will not change. This is the main advantage of FDs over Repo-linked savings accounts.
Non-Resident External (NRE) FDs are for NRIs to park their foreign earnings in Rupees. The biggest benefit is that both the principal and interest are 100% tax-free in India.
The standard practice in Indian banks is to compound interest every quarter (March, June, September, December). This means interest is calculated on your principal + previously earned interest every 3 months, giving you a higher yield than simple interest.
Your Guide to Fixed Deposit Calculations in India
What’s a Fixed Deposit Calculator?
A Fixed Deposit (FD) Calculator computes the maturity amount and interest earned on your FD investment, considering deposit amount, tenure, interest rate, and compounding frequency. Ideal for financial planning in India.
How FD Returns Are Calculated
Formulas used:
Simple Interest FD:
M = P + (P × r × t / 100)
Where M = Maturity Amount, P = Principal, r = Interest Rate (%
p.a.), t = Tenure (years)
Compound Interest FD:
M = P × (1 + r/(n×100))^(n×t)
Where n = Compounding frequency per year (e.g., 12 for
monthly)
Our calculator provides accurate results with step-by-step explanations!
Understanding Your Results
Your results include:
| Component | Description |
|---|---|
| Maturity Amount | Total amount at the end of tenure (principal + interest). |
| Interest Earned | Total interest accrued on your investment. |
Why Use a Fixed Deposit Calculator?
Plan your investments effectively:
Financial Planning
Estimate returns for goals like education or retirement.
Compare Options
Evaluate FD schemes from banks like SBI, HDFC, or ICICI.
Accurate Results
Avoid manual calculation errors.
Key Considerations for Fixed Deposits in India
Ensure informed investment decisions:
Results are estimates based on inputs. Actual returns may vary due to TDS or bank policies.
Interest rates vary by bank (e.g., SBI, HDFC) and tenure. Senior citizens get 0.25%–0.5% higher rates.
TDS applies if interest exceeds ₹10,000/year for residents. NRE FDs are tax-free in India.
Frequently Asked Questions About Fixed Deposits
Questions about calculating FD returns in India? Here are answers to guide your financial planning:
It calculates the maturity amount and interest earned on an FD based on deposit amount, tenure, interest rate, and compounding frequency.
Simple Interest: M = P + (P × r × t / 100). Compound Interest: M = P × (1 + r/(n×100))^(n×t). Steps are shown for clarity.
Rates range from 2.9% to 8.5%, depending on bank, tenure, and customer type. Senior citizens get higher rates.
Yes! Helps plan savings for education or future goals, ideal for CBSE, JEE, NEET students, and parents.
Yes! All calculations are done locally in your browser, with no data stored.