Fixed Deposit Calculator 2026
Instant FD returns with TDS, senior citizen rates, real returns, bank comparison & AI analysis
Updated: June 10, 2026 · Rates as of Q2 FY 2026-27 · For Indian residents
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Invest up to ₹1,50,000 and save tax up to ₹46,800 (if in 30% slab). Tenure locked at 5 years. Premature withdrawal not allowed.
A ₹5,00,000 FD at 7.25% for 5 years grows to approximately ₹7,09,215 before taxes. With 30% tax slab, your post-tax yield is around 5.08%. The real return after 5.5% inflation is just 1.75%. Consider laddering across multiple FDs or comparing Small Finance Banks for better rates.
⚠️ Form 15G / 15H — Avoid TDS
- Form 15G – For individuals below 60 years with income below ₹2.5L (basic exemption limit)
- Form 15H – For senior citizens (60+) with total income below taxable limit
- Submit at the start of each FY. Available at your bank branch or net banking.
- TDS threshold FY 2026-27: ₹40,000 (general) / ₹50,000 (senior citizens)
🛡️ DICGC Insurance — Your Money is Safe
- Deposits insured up to ₹5,00,000 per depositor per bank (principal + interest)
- Covers: savings, FD, RD, current accounts across all branches of the same bank
- All commercial & co-operative banks registered with DICGC are covered
- If your FD amount exceeds ₹5L, split across different banks for full protection
📝 Nomination Guidance
- Nominate a family member when opening your FD — it's simple and critical
- In case of demise, the nominee can claim the FD without legal complications
- You can change/cancel the nomination anytime by submitting Form DA-1 or DA-2
- Minors can be nominees — a guardian must be specified at the time of nomination
- Joint FD holders: all holders must agree on the nominee
📄 Form 15G / 15H Information
- Form 15G — For non-senior citizens with income below the basic exemption limit (₹2.5L/₹3L)
- Form 15H — For senior citizens (60+) to declare their income is below the taxable threshold
- Submit at the beginning of each financial year to avoid TDS deduction
- Available online via your bank's net banking portal or at the branch
- False declaration may attract penalty under Section 277 of IT Act
A ₹5,00,000 FD at 7.25% for 5 years can grow to approximately ₹7.09 lakh before taxes. Investors in higher tax brackets should evaluate post-tax returns and inflation-adjusted returns before committing. Laddering FDs across 1Y, 3Y, and 5Y tenures is a recommended strategy to balance liquidity and maximize returns.
If your goal of ₹10L is in today's money, how much will you actually need after inflation?