FD Calculator
Calculate Fixed Deposit maturity amount with your choice of compounding frequency.
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💾 Values are saved locally on your device only — never sent to any server.
Fixed Deposit Calculator: Plan Your FD Returns
FDs remain one of India's most trusted instruments, with ₹190+ lakh crore deposited. They offer guaranteed returns and capital safety.
FD Interest Calculation
FD uses compound interest. The key variable is compounding frequency. Most banks default to quarterly, but monthly gives slightly higher effective returns.
Current FD Rates (2025-26)
SBI, HDFC, ICICI offer 6.5-7.25% (general) and 7-7.75% (seniors). Small finance banks offer 8-9% with slightly higher risk.
FD vs PPF vs Mutual Funds
FDs are flexible but taxable. PPF offers tax-free 7.1% with 15-year lock-in. Lumpsum MF can give 12-15% but carries risk.
Tax-Saving FD
5-year FDs qualify for ₹1.5L deduction under 80C. Check savings with our income tax calculator.
Track FDs with Vitta
Monitor maturity dates with Vitta, our free expense tracker.
Frequently Asked Questions
What is a Fixed Deposit?+
FD is a savings instrument where you deposit a lump sum for a fixed tenure at a predetermined interest rate. Banks guarantee your principal and pay 6-8% interest.
Is FD interest taxable?+
Yes, fully taxable at your slab rate. TDS at 10% is deducted if annual interest exceeds ₹40,000 (₹50,000 for seniors). Consider PPF for tax-free returns.
Which compounding gives highest returns?+
Monthly compounding gives the highest. For ₹5L at 7% for 5 years: yearly gives ₹7.01L, quarterly ₹7.09L, monthly ₹7.12L.
FD vs SIP for short-term goals?+
For 1-3 year goals, FDs are safer. For 5+ years, SIPs in equity mutual funds have historically delivered higher returns (12-15% vs 6-8%).