🔢 India's Best Financial Calculators 🇮🇳 Made for Indian Markets
🚀 Upgrade to Premium

FD Calculator - Calculate Fixed Deposit Returns

Calculate your fixed deposit maturity amount, interest earnings, and tax implications with our comprehensive FD calculator. Compare cumulative vs non-cumulative returns with detailed year-wise breakdown.

Fixed Deposit Details

Senior citizens get additional 0.5% interest, Super senior citizens get 0.75% extra
₹5K ₹1Cr
Minimum ₹5,000, Maximum ₹1 Crore
3% 12%
Annual interest rate offered by bank/NBFC
1 Year 100 Years
Choose investment period (1-100 years)
Cumulative: Interest compounded and paid at maturity | Non-Cumulative: Regular interest payouts
How often interest is compounded

Your FD Investment Returns

Maturity Amount
₹7,26,500
Principal Amount
₹5,00,000
Total Interest Earned
₹2,26,500
TDS Deducted
₹22,650
Amount After TDS
₹7,03,850
Effective Annual Return
7.50%

Your FD Growth Details (Yearly/Quarterly)

Related Calculators

FD Investment Tips

  • Compare interest rates across different banks and NBFCs
  • Consider FD laddering for better liquidity
  • Senior citizens get additional 0.5% interest rate
  • Check for premature withdrawal penalties
  • Consider tax-saving FDs for Section 80C benefits
  • Reinvest interest for better compounding returns

Why Choose Our FD Calculator Over Others?

🎯 Advanced Customer Classifications

Unlike basic calculators, we support Regular, Senior Citizen (60+), and Super Senior Citizen (80+) categories with accurate additional interest rates of 0.5% and 0.75% respectively.

📊 Comprehensive FD Types

Calculate both Cumulative and Non-Cumulative FDs with different payout frequencies (Monthly, Quarterly, Half-yearly, Yearly) - a feature missing in most calculators.

💰 Accurate TDS Calculations

Automatic TDS computation based on customer type with correct thresholds (₹10,000 for regular, ₹50,000 for senior citizens) - rarely found in other calculators.

🔄 Flexible Compounding Options

Choose from Monthly, Quarterly, Half-yearly, or Yearly compounding to see exact impact on returns - most calculators assume quarterly compounding only.

📅 Ultra-Flexible Tenure Input

Input tenure in Days (7-3650), Months (1-120), or Years (1-100) with dynamic sliders - unmatched flexibility compared to basic calculators.

📈 Detailed Growth Visualization

Year-wise and period-wise breakdown with interactive charts showing Principal vs Interest and Growth Over Time - superior to simple result displays.

🎯 Effective Annual Return

Calculate true effective annual return considering compounding effects - a crucial metric often overlooked by basic FD calculators.

⚡ Real-time Interactive Sliders

Instantly see how changes in amount, rate, or tenure affect returns with smooth, responsive sliders - providing immediate financial insights.

✨ Complete FD Planning Solution
Our calculator goes beyond basic maturity calculations to provide comprehensive FD analysis including tax implications, compounding benefits, and detailed growth projections - making it the most advanced FD calculator available online.

Understanding Fixed Deposits (FD)

A Fixed Deposit (FD) is a financial instrument provided by banks and NBFCs which provides investors with a higher rate of interest than a regular savings account, until the given maturity date. FDs are considered one of the safest investment options with guaranteed returns.

How is FD Interest Calculated?

FD interest is calculated using compound interest formula for most banks. The frequency of compounding (monthly, quarterly, half-yearly, or yearly) affects the final maturity amount. Higher compounding frequency results in better returns.

A = P × (1 + r/n)^(n×t)
Where:
A = Final maturity amount
P = Principal amount invested
r = Annual interest rate (in decimal)
n = Number of times interest is compounded per year
t = Time period in years

Types of Fixed Deposits

There are two main types of FDs based on interest payment:

  • Cumulative FD: Interest is compounded and paid along with principal at maturity
  • Non-Cumulative FD: Interest is paid out periodically (monthly, quarterly, etc.) as per chosen frequency

Tax Implications

Interest earned on FDs is fully taxable as per your income tax slab. TDS of 10% is deducted if interest exceeds ₹10,000 in a financial year. Senior citizens have a higher TDS threshold of ₹50,000 under Section 80TTB.

Frequently Asked Questions about Fixed Deposits

What is the minimum amount required to open an FD?

Most banks require a minimum of ₹1,000 to ₹10,000 to open an FD account. Some banks allow even lower amounts like ₹100 for certain schemes.

Can I withdraw my FD before maturity?

Yes, most FDs allow premature withdrawal with a penalty of 0.5% to 1% on the applicable interest rate. Some banks offer partial withdrawal facilities.

How is TDS calculated on FD interest?

TDS is deducted at 10% if total interest earned from all FDs in a bank exceeds ₹10,000 in a financial year. For senior citizens, this limit is ₹50,000.

What's the difference between cumulative and non-cumulative FD?

Cumulative FDs reinvest interest for compounding, while non-cumulative FDs pay interest periodically. Cumulative FDs typically offer higher returns due to compounding.

Do senior citizens get higher interest rates?

Yes, most banks offer an additional 0.25% to 0.5% interest rate for senior citizens (60+ years) and super senior citizens (80+ years) get up to 0.75% additional interest.

Are FDs covered under deposit insurance?

Yes, FDs are covered under DICGC (Deposit Insurance and Credit Guarantee Corporation) insurance up to ₹5 lakh per depositor per bank, including principal and interest.

🇮🇳

Made for India

All calculators designed specifically for Indian tax laws, interest rates, and financial schemes.

🆓

100% Free

Use all our financial calculators without any cost. No registration or subscription required.

🔒

Secure & Private

Your data is never stored or shared. All calculations happen securely in your browser.

📱

Mobile Friendly

All calculators work perfectly on mobile phones, tablets, and desktop computers.