Fixed Deposit Calculator
Calculate maturity with compound interest & TDS
Min ₹1,000 | Max ₹10 Crore
Senior Citizen
+0.5% extra interest
Years
Months
What is a Fixed Deposit (FD)?
A Fixed Deposit is one of the most popular and safest investment options in India. You deposit a lump sum amount with a bank or NBFC for a fixed tenure at a predetermined interest rate. FD rates in India currently range from 6.5% to 7.5% per annum depending on the bank and tenure. Senior citizens typically receive an additional 0.25% to 0.50% over regular rates. FDs are insured up to ₹5 lakh per depositor per bank under the DICGC scheme.
Why Use This FD Calculator?
This calculator goes beyond simple maturity calculation. It automatically computes TDS (Tax Deducted at Source) impact on your returns, which most FD calculators ignore. If your annual interest exceeds ₹40,000 (₹50,000 for senior citizens), the bank deducts 10% TDS. This calculator shows you both gross and net maturity values, the effective rate of return after tax, and a year-by-year breakdown of interest earned and TDS deducted — giving you a realistic picture of your actual returns.
How to Use This Calculator
Step 1: Enter your deposit amount (minimum ₹1,000). Step 2: Set the interest rate using the slider or type a custom rate. Step 3: Enter tenure in years and months (6 months to 10 years). Step 4: Choose compounding frequency (monthly, quarterly, half-yearly, or yearly). Step 5: Toggle the senior citizen switch for the 0.50% bonus rate. Step 6: Click "Calculate" to see maturity value, TDS impact, effective rate, and yearly breakdown.
Key Terms Explained
TDS (Tax Deducted at Source): Banks deduct 10% tax on FD interest if it exceeds ₹40,000/year (₹50,000 for seniors). Compounding Frequency: How often interest is calculated and added to principal — quarterly is most common for Indian banks. Effective Rate: Your actual return rate after accounting for TDS deduction. DICGC Insurance: Deposits up to ₹5 lakh per bank are insured by the government. Premature Withdrawal: Most banks charge a 0.5% to 1% penalty on the applicable rate for early withdrawal.