FD Calculator — Calculate Fixed Deposit Returns Instantly
Calculate FD maturity amount and interest earned for any bank. Compare FD rates across SBI HDFC ICICI Axis Bank and Post Office with our free calculator.
Fixed Deposits remain one of the safest and most popular investment options in India offering guaranteed returns with zero market risk. Banks offer FD rates ranging from 6.50% to 7.50% for general citizens and 0.25-0.50% additional for senior citizens. Small finance banks and NBFCs offer even higher rates up to 8.50-9%. Use our FD calculator to compare how your money grows with different banks rates and tenures before locking in your deposit.
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FD Calculator
Key Information
| Parameter | Details |
|---|---|
| SBI FD Rate (1-2 years) | 6.80% |
| HDFC FD Rate (1-2 years) | 7.00% |
| Post Office FD Rate (5 years) | 7.50% |
| Senior Citizen Bonus Rate | +0.25% to +0.50% |
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Use Calculator NowFrequently Asked Questions
Is FD interest taxable?
Yes FD interest is taxable under your applicable income tax slab. Banks deduct TDS at 10% if interest exceeds Rs 40000 per year (Rs 50000 for senior citizens). If your total income is below the basic exemption limit you can submit Form 15G (or 15H for seniors) to avoid TDS deduction.
Which bank gives the highest FD rate in 2026?
Small finance banks typically offer the highest FD rates. Unity Small Finance Bank offers up to 9% while Utkarsh Small Finance Bank offers 8.25%. Among major banks Post Office TD offers 7.50% for 5 years HDFC offers up to 7.25% and SBI offers up to 7.10%. Always check the latest rates as they change frequently.
Is FD better than savings account?
FDs offer significantly higher returns than savings accounts. While savings accounts pay 2.70-4% interest FDs pay 6.50-9%. However FD money is locked for the chosen tenure and early withdrawal attracts a penalty of 0.50-1% interest rate reduction. Keep 3-6 months expenses in savings and invest the rest in FDs for higher returns.
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Last updated: 24 March 2026