Calculate your Fixed Deposit maturity amount for any bank
Formula: A = P × (1 + r/n)^(n×t) where P=Principal, r=annual rate, n=compounding frequency, t=years.
Most banks (SBI, HDFC, ICICI) compound FD interest quarterly.
Use the slider to choose how much money you want to deposit. FDs can be opened with as little as ₹1,000 in most Indian banks.
Enter the current FD rate offered by your bank. Senior citizens generally receive 0.25–0.50% higher rates.
Select how long you want to keep the FD and how often interest is compounded — quarterly, monthly, half-yearly, or annually.
See your total maturity value, principal invested, total interest earned, and effective annual return rate.
Compound Interest Formula: A = P × (1 + r/n)^(n × t)
Where: P = principal | r = annual rate | n = compounding times per year | t = tenure in years
Example: ₹1,00,000 @ 7% for 3 years (quarterly) → Maturity ≈ ₹1,23,144
As of 2026, SBI offers 6.80%–7.10%, HDFC Bank 7.00%–7.40%, and ICICI Bank 6.90%–7.20%. Small Finance Banks like AU and Ujjivan offer rates up to 8–9%.
Yes, FD interest is fully taxable as per your income tax slab. TDS at 10% is deducted if total interest from a bank exceeds ₹40,000/year (₹50,000 for senior citizens).
Premature withdrawal attracts a penalty of 0.50%–1.00% on the applicable interest rate. Sweep-in FDs generally allow partial withdrawals without penalty.
A 5-year Tax-Saving FD qualifies for Section 80C deduction up to ₹1.5 lakh per year. These FDs cannot be broken before the 5-year lock-in.
FD suits safe, short-to-medium term goals with guaranteed returns. Mutual Funds are better for long-term wealth creation. Equity funds have historically returned 12–15% over 10+ years versus 6.5–7.5% from FDs.