FD Calculator — Calculate Fixed Deposit Returns Instantly — India 2026
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.
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.
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Fixed Deposit Calculator
Understanding Your Investment Returns
This calculator projects your returns using compound interest, where your earnings generate their own earnings over time. The power of compounding means that even small regular investments can grow into substantial wealth over long periods. For example, investing just Rs 5,000 per month at 12% expected returns for 25 years can grow to over Rs 1 crore — of which only Rs 15 lakh is your own money and Rs 85 lakh is compounding returns. The key factors that determine your final corpus are: the amount invested, the rate of return, the duration of investment, and the frequency of compounding.
Important Considerations
Past returns do not guarantee future performance, especially for market-linked instruments like mutual funds and equities. The returns shown are estimates based on the rate you enter. Equity investments carry market risk but have historically delivered 12-15% CAGR over 15+ year periods in India. Fixed income options like PPF (7.1%) and FD (6-7.5%) offer lower but more predictable returns. Diversifying across asset classes — equity, debt, gold, and real estate — reduces overall portfolio risk while optimizing returns for your risk tolerance.
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.
What is compound interest and why does it matter?
Compound interest means you earn interest on your interest, not just your principal. Over long periods, this creates exponential growth — even small regular investments can grow into substantial wealth over 15-25 years.
Is SIP better than lumpsum investment?
SIP invests a fixed amount monthly, averaging out market volatility through rupee cost averaging. Lumpsum works better when markets are low. For most investors, SIP builds discipline and removes the need to time the market.
How much should I invest monthly to become a crorepati?
At 12% expected returns, a monthly SIP of Rs 5,000 for 30 years grows to approximately Rs 1.76 crore. Increasing your SIP by 10% annually makes the corpus even larger. Start early, stay consistent.
Are investment returns taxable?
PPF returns are tax-free. Equity mutual fund LTCG above Rs 1.25 lakh/year is taxed at 12.5%. FD interest is taxed at your slab rate. NPS offers an additional Rs 50,000 deduction under 80CCD(1B).
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Last updated: March 2026