FD Calculator — Fixed Deposit Maturity Amount & Interest
Calculate fixed deposit maturity amount and interest for any bank — SBI, HDFC, ICICI and more. Compare cumulative vs non-cumulative FD returns, TDS impact and senior citizen rates. Updated June 2026.
Last updated: June 2026
Rates as of June 2026. Verify with your bank.
FD type
Applied rate: 6.50%
Results
- Maturity amount
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- Total interest earned
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- Effective annual yield
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- Monthly equivalent interest
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- Monthly payout
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- Quarterly payout
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- Total interest over tenure
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- Principal at maturity
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⚠️ FD interest is fully taxable
Interest is added to your income and taxed at your slab rate every year. Unlike PPF, an FD has no EEE tax-free status.
TDS estimate
- Estimated interest / year
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- TDS threshold
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Submit Form 15G/15H to avoid TDS if your income is below the taxable limit.
Year-by-year breakdown
| Year | Opening | Interest | Closing |
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A free FD calculator for accurate fixed deposit returns.
A fixed deposit calculator tells you exactly what your FD will be worth at maturity before you lock your money in. Fixed deposits remain one of India's most trusted savings instruments because the return is guaranteed and known upfront. Enter your deposit amount, the interest rate, the tenure, and how often interest is compounded, and this FD calculator instantly shows your maturity value, the total interest you'll earn, the effective annual yield, and a complete year-by-year breakdown.
You can model both kinds of deposit. A cumulative FD reinvests the interest so it compounds, paying out the entire amount at the end — ideal for building a lump sum. A non-cumulative FD pays interest out at regular intervals while returning the principal at maturity, which suits retirees and anyone who needs a steady income. Quarterly compounding is the most common in India, but you can switch between monthly, half-yearly, yearly, and simple interest to match your bank's terms. The bank rate chips let you load typical SBI, HDFC, ICICI, Axis, and small finance bank rates with a single tap.
Senior citizen rates and TDS
Senior citizens usually earn an extra 0.50% per annum on their deposits — toggle the senior-citizen option to see the higher maturity value. Just as important is tax. FD interest is fully taxable at your income slab, and banks deduct TDS at 10% once interest crosses ₹50,000 in a year (₹1,00,000 for senior citizens), or 20% if you haven't given a PAN. Switch on the TDS view to estimate how much may be deducted and check whether you fall below the threshold. If your overall income is below the taxable limit, submitting Form 15G or 15H stops the bank deducting TDS in the first place.
Because an FD offers no tax-free EEE status — unlike the PPF — it's worth comparing the post-tax return against other options before committing a large sum. This calculator runs entirely in your browser, with no sign-up and nothing uploaded, so you can test different amounts, rates, and tenures privately and as often as you like. Always confirm the exact rate, compounding method, and premature-withdrawal penalty with your bank before opening a deposit.
Financial Disclaimer: Results are estimates for informational purposes only and not financial or tax advice. Bank rates, compounding methods and TDS rules vary — confirm exact figures with your bank before investing.
How it works
Three quick steps — no account, nothing uploaded to a server.
Enter deposit, rate and tenure
Type your amount, pick a rate (or a bank chip), and set the duration.
Choose your FD type
Compare cumulative vs payout, compounding frequency, and senior rates.
See maturity and TDS
Read the maturity, interest, year-by-year table and TDS estimate instantly.
Rates and rules on this page are verified against Income Tax Department, India. Last checked July 2026.
FAQ
Frequently asked questions
How is FD maturity amount calculated?
A cumulative fixed deposit grows by compound interest: the maturity amount is the principal multiplied by (1 + r/n) raised to the power n×t, where r is the annual rate as a decimal, n is the number of times interest is compounded per year (4 for quarterly, the most common), and t is the tenure in years. The interest earned is simply the maturity amount minus your principal. Enter your deposit, rate, tenure and compounding frequency above and the calculator does this instantly, with a year-by-year table.
What is the difference between cumulative and non-cumulative FD?
In a cumulative FD, interest is reinvested and compounds, and you receive the full amount — principal plus all interest — only at maturity. It suits people who don't need regular income and want the highest final value. In a non-cumulative FD, interest is paid out at a chosen interval (monthly, quarterly, half-yearly or yearly) and the principal is returned at maturity. It suits retirees or anyone wanting a steady income stream. Use the FD type toggle above to compare both.
How much TDS is deducted on FD interest?
Banks deduct TDS at 10% on FD interest once it crosses ₹50,000 in a financial year for general depositors, or ₹1,00,000 for senior citizens. If you have not provided a PAN, TDS is deducted at 20%. TDS is not an extra tax — it is adjusted against your total tax liability when you file your return. If your total income is below the taxable limit, you can submit Form 15G (or Form 15H if you are a senior citizen) to the bank to avoid TDS being deducted.
Do senior citizens get a higher FD rate?
Yes. Most banks offer senior citizens (aged 60 and above) an additional interest rate, typically around 0.50% per annum over the standard rate, on deposits up to a certain limit. The senior-citizen toggle in this calculator adds 0.50% to your rate so you can see the higher maturity value. Senior citizens also enjoy a higher TDS threshold of ₹1,00,000 and can claim a deduction of up to ₹50,000 on FD interest under Section 80TTB.
Is FD interest taxable?
Yes. Unlike PPF, fixed deposit interest is fully taxable and is added to your income under 'Income from Other Sources', taxed at your applicable income tax slab rate. There is no EEE benefit. The TDS the bank deducts is only a part-payment of this tax. A 5-year tax-saving FD does qualify for an 80C deduction on the amount invested, but even then the interest it earns remains taxable each year.