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FD Calculator India
Fixed Deposit 2025
Calculate FD maturity with quarterly, monthly & yearly compounding. Lumpsum & monthly payout, senior citizen rates, FD vs SIP vs PPF.
Quarterly Compounding
👴 Senior Citizen +0.5%
📊 Year-wise Table
⚖️ FD vs SIP vs PPF
7.1%
SBI 5yr Rate
7.4%
HDFC 5yr Rate
9%+
Small Finance
₹5L
DICGC Insured
Taxable
Interest Slab
Fixed Deposit Details
FD Type
👴 Senior Citizen
+0.5% additional interest (age 60+)
₹1,00,000
₹1K₹50L
7.0%
1%12%
Yrs
Mo
Min: 7 daysMax: 30 years
⚠️ FD interest is taxable as per your income slab. TDS deducted if annual interest > ₹40,000 (₹50,000 for senior citizens). File Form 15G/15H if below taxable income.
💳
Your FD Maturity Value Appears Here
Set your principal, rate & tenure, then click Calculate to see maturity amount, interest, chart & period-wise breakdown.
FD Maturity Summary
📊 Principal vs Interest — Growth Over Time
Principal
Interest
Balance
📅 Year-by-Year Balance Table▼
FD vs SIP vs PPF — Maturity Comparison
📊 Growth Chart — FD vs SIP vs PPF
Required Principal to Reach Your Goal
🌟 Key Benefits of Fixed Deposit (FD)
🛡️
Capital Safety
FDs are one of the safest investment options. Up to ₹5 lakh is insured under DICGC — zero risk of principal loss at DICGC-covered banks.
📈
Guaranteed Returns
Interest rate is locked at booking — no market risk. You know exactly how much you'll earn at maturity, regardless of RBI rate changes.
⚡
High Liquidity
FDs can be broken prematurely (with small penalty). Liquid FDs and Flexi FDs offer even easier access. Much more liquid than PPF or SSY.
👴
Senior Citizen Benefit
Senior citizens (60+) get an additional 0.25–0.5% over regular rates at most banks. Some banks offer up to +0.75% for super senior citizens (80+).
🔄
Flexible Tenure
FDs are available from 7 days to 10 years. Short-term FDs (3–6 months) are perfect for parking emergency funds with better returns than savings accounts.
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Regular Income Option
Monthly/quarterly payout FDs provide regular income — ideal for retirees and pensioners who need cash flow without selling assets.
🏦 Current FD Interest Rates — India 2025 (Indicative)
| Bank | 1 Year | 2 Years | 3 Years | 5 Years | Senior Citizen (5yr) |
|---|---|---|---|---|---|
| SBI | 6.80% | 7.00% | 6.75% | 7.00% | 7.50% |
| HDFC Bank | 6.60% | 7.00% | 7.00% | 7.40% | 7.90% |
| ICICI Bank | 6.70% | 7.00% | 7.00% | 7.00% | 7.50% |
| Axis Bank | 6.70% | 7.10% | 7.10% | 7.00% | 7.75% |
| Post Office TD | 6.90% | 7.00% | 7.10% | 7.50% | Same rate |
| Small Finance Banks | 8.00% | 8.25% | 8.50% | 9.00%+ | 9.50%+ |
* Rates are indicative as of 2025. Please verify current rates directly with your bank before investing. Rates are subject to change.
What is a Fixed Deposit (FD)? How Does This Calculator Work?
A Fixed Deposit (FD) is a financial instrument offered by banks and NBFCs where you deposit a lump sum for a fixed tenure at a predetermined interest rate. The interest is compounded at regular intervals (quarterly in most Indian banks) and paid at maturity along with the principal. FDs are the most popular investment instrument in India, preferred for their safety, guaranteed returns, and flexibility.
🧮 FD Interest Calculation Formula
For Cumulative FD (maturity payout): A = P × (1 + r/n)^(n×t)
Where P = Principal, r = Annual rate (decimal), n = Compounding frequency (quarterly=4), t = Years.
For Non-Cumulative FD (monthly payout): Monthly interest = P × r ÷ 12. Simple interest is paid each month; principal is returned at maturity.
📌 Example: ₹1 Lakh FD for 5 Years @ 7%
Principal
₹1,00,000
Rate
7% p.a.
Tenure
5 Years
Compounding
Quarterly
Interest Earned
₹41,478
Maturity Value
₹1,41,478
Tax (30% slab)
~₹12,443
Post-tax Gain
~₹29,035
📊 Types of Fixed Deposits in India
- Regular/Cumulative FD: Interest compounded quarterly, paid at maturity. Best for wealth creation.
- Non-Cumulative FD: Interest paid monthly, quarterly, or yearly. Best for regular income.
- Tax-Saving FD: 5-year lock-in, qualifies for 80C deduction up to ₹1.5L. Interest is still taxable.
- Senior Citizen FD: 0.25–0.5% higher rate for those aged 60+. TDS threshold ₹50,000.
- Flexi FD / Sweep-in FD: Linked to savings account. Auto-breaks for withdrawals without penalty.
- Corporate FD: Higher rates (0.5–1% more) but higher risk. Not covered by DICGC.
💡 FD vs PPF vs SIP — Quick Guide
Choose FD when: You need capital safety, short-term investment (1–3 years), or regular income. FD is ideal for emergency funds, near-term goals, and risk-averse investors.
Choose PPF when: You want tax-free guaranteed returns for long-term (15+ years). PPF's 7.1% tax-free = ~10% pre-tax for 30% bracket — making it far superior to FD post-tax.
Choose SIP when: You can invest for 7+ years and accept market risk for higher returns (10–15% CAGR). SIP beats both FD and PPF in long-term wealth creation.
🔢 More Financial Calculators — Arthzo
❓ Frequently Asked Questions — FD Calculator India
What is the current FD interest rate in India 2025?+
As of 2025, major bank FD rates for 5-year tenure: SBI: 7.0%, HDFC Bank: 7.4%, ICICI Bank: 7.0%, Axis Bank: 7.0%, Post Office TD: 7.5%. Small Finance Banks (Unity, Suryoday, etc.) offer up to 9%+. Senior citizens get an additional 0.25–0.5%. Rates change with RBI policy and are subject to revision — always verify with your bank before booking.
How is FD interest calculated with quarterly compounding?+
Formula:
Example: ₹1 lakh at 7% for 5 years:
A = 1,00,000 × (1 + 0.07/4)^20 = 1,00,000 × (1.0175)^20 = ₹1,41,478
With monthly compounding at same rate: ₹1,41,764 (slightly higher). Quarterly compounding is the default for most Indian banks.
A = P × (1 + r/4)^(4×t)Example: ₹1 lakh at 7% for 5 years:
A = 1,00,000 × (1 + 0.07/4)^20 = 1,00,000 × (1.0175)^20 = ₹1,41,478
With monthly compounding at same rate: ₹1,41,764 (slightly higher). Quarterly compounding is the default for most Indian banks.
Is FD interest taxable in India?+
Yes. FD interest is fully taxable as 'Income from Other Sources' and taxed at your applicable income slab rate. Key rules:
• TDS @ 10% if annual interest from a bank > ₹40,000 (₹50,000 for senior citizens)
• TDS @ 20% if PAN not provided
• Submit Form 15G (non-senior) or Form 15H (senior citizen) if your total income is below the taxable limit to prevent TDS deduction.
Tax-saving FDs get 80C deduction but interest is still taxable.
• TDS @ 10% if annual interest from a bank > ₹40,000 (₹50,000 for senior citizens)
• TDS @ 20% if PAN not provided
• Submit Form 15G (non-senior) or Form 15H (senior citizen) if your total income is below the taxable limit to prevent TDS deduction.
Tax-saving FDs get 80C deduction but interest is still taxable.
What is the difference between cumulative and non-cumulative FD?+
Cumulative FD: Interest is compounded and reinvested. Maturity amount = Principal + Compound Interest. Best for wealth creation and long-term goals. Higher effective yield.
Non-Cumulative FD (Monthly Payout): Simple interest is calculated and paid monthly/quarterly. Principal is returned at maturity. Effective yield is lower than cumulative. Best for regular income — retirees, pensioners.
Non-Cumulative FD (Monthly Payout): Simple interest is calculated and paid monthly/quarterly. Principal is returned at maturity. Effective yield is lower than cumulative. Best for regular income — retirees, pensioners.
Is FD safe? What is the DICGC insurance limit?+
FDs are among the safest investments in India. Key safety features:
• All bank FDs are insured by DICGC up to ₹5 lakh per depositor per bank (principal + interest combined)
• Government banks (SBI, BoB, BoI) have sovereign backing — virtually zero default risk
• Post Office TDs are fully backed by Government of India with no insurance cap
For amounts exceeding ₹5 lakh, spread across multiple banks. Avoid corporate/NBFC FDs unless highly rated.
• All bank FDs are insured by DICGC up to ₹5 lakh per depositor per bank (principal + interest combined)
• Government banks (SBI, BoB, BoI) have sovereign backing — virtually zero default risk
• Post Office TDs are fully backed by Government of India with no insurance cap
For amounts exceeding ₹5 lakh, spread across multiple banks. Avoid corporate/NBFC FDs unless highly rated.
Is FD better than SIP or PPF?+
FD vs SIP: SIP in equity mutual funds delivers 10–15% CAGR over 7+ years vs FD's 6.5–7.5%. However, SIP returns are market-linked. For short-term goals (1–3 years), FD is safer. For long-term wealth, SIP wins.
FD vs PPF: PPF offers 7.1% completely tax-free (EEE status). FD interest is taxable at slab rate — making post-tax yield only 4.9–5.3% for 30% bracket vs PPF's full 7.1%. PPF beats FD on post-tax returns unless you're in the 0% tax bracket.
FD vs PPF: PPF offers 7.1% completely tax-free (EEE status). FD interest is taxable at slab rate — making post-tax yield only 4.9–5.3% for 30% bracket vs PPF's full 7.1%. PPF beats FD on post-tax returns unless you're in the 0% tax bracket.
Which bank gives the highest FD interest rate in India 2025?+
In 2025, Small Finance Banks offer the highest FD rates — typically 8.5–9.5% (senior citizens up to 10%). Examples include Unity Small Finance Bank, Suryoday SFB, ESAF SFB, and Jana SFB. These are DICGC-insured up to ₹5 lakh but carry slightly higher risk than PSU banks. For safety with competitive rates, Post Office Time Deposits (5-year: 7.5%) and top private banks (7–7.4%) are preferred. Always verify current rates directly with your bank.
Can I break an FD before maturity?+
Yes. FDs can be broken prematurely, but banks charge a 0.5–1% penalty on the applicable interest rate. For example, if you booked at 7% for 5 years but break after 2 years, you'll get the 2-year rate minus 1% penalty. Some banks offer no-penalty premature withdrawal on specific FD products. Flexi FDs linked to savings accounts can be broken in multiples of ₹1,000 without any penalty — ideal for emergency funds.
⚠️ Disclaimer: This FD calculator is for informational and educational purposes only. FD interest rates are indicative as of 2025 and subject to change. Results are based on assumed constant rates. Tax calculations are estimates assuming a flat 30% rate — actual tax depends on your income slab. FD interest is fully taxable. This does not constitute financial advice. Please verify rates with your bank before investing.
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