🏦 Fixed Deposit Calculator
Calculate your FD maturity amount, total interest earned, and effective annual rate.
Enter FD Details
Enter your FD details
Fill in the form to see your fixed deposit maturity amount and interest breakdown.
- FD ladder strategy: Split ₹5L into 5 FDs of ₹1L each with 1-5 year tenures — get liquidity + higher rates
- Tax alert: FD interest is fully taxable. TDS kicks in when interest exceeds ₹40,000/yr (₹50,000 for seniors)
- Senior citizen bonus: Most banks offer 0.25-0.50% extra interest for depositors above 60 years
- DICGC insurance: Deposits up to ₹5L per bank are insured — spread large amounts across banks
💡 What is a Fixed Deposit?
Guaranteed Returns
FDs offer a fixed interest rate for the entire tenure, making them generally considered lower-risk. Deposits up to ₹5L per bank are insured by DICGC.
When to Use FDs
Ideal for emergency funds, short-term goals (1-3 years), or when you want capital preservation. Great for conservative investors and retirees.
FD vs Debt Mutual Funds
Debt MFs may offer better post-tax returns for 3+ year holdings due to indexation benefits. FDs are simpler but fully taxable at your slab rate.
📌 Next Steps
Compare FD rates across banks before locking in. Consider tax-saver FDs (5-year lock-in) for Section 80C benefits up to 1.5 lakh.
Explore our SIP Calculator to compare market-linked returns, or use the PPF Calculator for a tax-free alternative.
💡 How Fixed Deposits Work
Guaranteed Returns
FDs offer a fixed interest rate for the entire tenure. Your returns are predictable, unlike market-linked instruments.
Compounding Frequency
Quarterly compounding earns more than annual. Check how your FD compounds — it significantly affects maturity value.
Tax on Interest
FD interest is taxable at your income tax slab rate. Consider tax-saving FDs (5-year lock-in) for Section 80C deduction.
⚠️ Calculator Disclaimer: Results are mathematical estimates based on inputs you provide. Actual FD returns may vary based on bank policies, premature withdrawal penalties, and TDS deductions. Interest on FDs is taxable at your income tax slab rate. This tool is for educational purposes only — not financial advice. Consult a SEBI-registered advisor.
| Instrument | Type | Risk | Return (indicative) | Lock-in | Tax treatment | Regulator |
|---|---|---|---|---|---|---|
| Bank Fixed Deposit | Debt — Capital Safe | Very Low | 6.5–7.5% p.a. | As chosen | TDS 10%; interest taxable as income | RBI |
| Senior Citizen FD | Debt — Capital Safe | Very Low | 7.0–8.0% p.a. | As chosen | TDS 10%; higher rate (60+ only) | RBI |
| Tax-Saving FD | Debt — Capital Safe | Very Low | 6.5–7.5% p.a. | 5 years | 80C deduction; interest taxable | RBI |
| Recurring Deposit | Debt — Capital Safe | Very Low | 6.0–7.0% p.a. | As chosen | TDS 10%; interest taxable | RBI |
| Liquid Fund | Debt — Mutual Fund | Very Low | 6.5–7.0% p.a. | None | STCG taxed as income (under 3yr) | SEBI |
| Short Duration Fund | Debt — Mutual Fund | Low | 7.0–8.0% p.a. | None | Taxed as income (post Apr 2023) | SEBI |
📌 What To Do Next
FDs are great for safety, but consider comparing returns with PPF (tax-free) or SIP (market-linked) to see which suits your goal better. Always consult a qualified financial advisor before making any financial decisions.
Compare with PPF →