FD Calculator – Fixed Deposit Calculator Online
Calculate maturity amount, interest earned & FD returns with compound interest breakdown
Enter FD Details
💡 FD Formula
M = P × (1 + r/n)^(n×t), where P = Principal, r = Annual Rate, n = Compounding Frequency, t = Tenure in years. Most banks compound quarterly.
FD Maturity Results
Total Maturity Amount
Principal Amount
Interest Earned
FD Breakdown
What is Fixed Deposit (FD)?
Fixed Deposit (FD) is a secure investment option offered by banks and NBFCs where you deposit a lump sum amount for a fixed tenure at a predetermined interest rate. FDs are considered one of the safest investment options in India with guaranteed returns.
Use our free FD calculator to calculate your fixed deposit maturity amount, interest earned, and returns with compound interest. Whether you need an SBI FD calculator, HDFC FD calculator, or Post Office FD calculator, this tool gives accurate instant results for all banks.
How to Use FD Calculator
- Enter your FD Amount (₹1,000 to ₹10 Crore)
- Input Interest Rate offered by your bank (3-12% p.a.)
- Select Tenure (7 days to 10 years)
- Choose Compounding Frequency (Quarterly/Half-yearly/Yearly/Monthly)
- View instant maturity amount and interest earned!
FD Calculation Formula
For Compound Interest FD:
M = P × (1 + r/n)^(n×t)
- M = Maturity Amount
- P = Principal Amount
- r = Annual Interest Rate (in decimal)
- n = Compounding Frequency (4 for quarterly)
- t = Tenure in years
For Simple Interest FD:
M = P + (P × r × t)
Best FD Interest Rates 2024-25 (India)
| Bank Name | Interest Rate (% p.a.) | Tenure |
|---|---|---|
| SBI FD | 6.50% - 7.25% | 7 days - 10 years |
| HDFC Bank FD | 3.00% - 7.40% | 7 days - 10 years |
| ICICI Bank FD | 3.00% - 7.30% | 7 days - 10 years |
| Axis Bank FD | 3.00% - 7.20% | 7 days - 10 years |
| Kotak Mahindra FD | 3.50% - 7.20% | 7 days - 10 years |
| Bank of Baroda FD | 4.00% - 7.35% | 7 days - 10 years |
| Canara Bank FD | 4.25% - 7.30% | 7 days - 10 years |
| Union Bank FD | 4.00% - 7.30% | 7 days - 10 years |
| Post Office FD | 6.90% - 7.50% | 1 year - 5 years |
Types of Fixed Deposits
- Regular FD: Standard fixed deposit with fixed tenure
- Tax Saver FD: 5-year lock-in with Section 80C benefits up to ₹1.5 lakh
- Senior Citizen FD: Higher interest rates (0.25%-0.75% extra)
- Cumulative FD: Interest compounded and paid at maturity
- Non-Cumulative FD: Regular interest payouts (monthly/quarterly/yearly)
- Flexi FD: Combination of savings and FD accounts
- NRE/NRO FD: For Non-Resident Indians
Tax on Fixed Deposit Interest
- FD interest is fully taxable as per your income tax slab
- TDS (10%) deducted if interest exceeds ₹40,000/year (₹50,000 for senior citizens)
- Tax Saver FD offers Section 80C deduction up to ₹1.5 lakh
- Submit Form 15G/15H if income below taxable limit to avoid TDS
FD vs Other Investment Options
| Feature | FD | PPF | Mutual Funds | RD |
|---|---|---|---|---|
| Risk | Very Low | Very Low | Medium to High | Very Low |
| Returns | 6.5-7.5% | 7.1% | 10-15% | 6.5-7.5% |
| Lock-in | 7 days - 10 years | 15 years | None | 6 months - 10 years |
| Tax Benefit | Only Tax Saver FD | Yes (EEE) | ELSS only | No |
| Liquidity | Premature withdrawal | Partial after 5 yrs | High | Premature closure |
Premature FD Withdrawal Rules
- Most banks allow premature withdrawal after 7 days
- Penalty ranges from 0.5% to 1% on interest rate
- Example: If FD rate is 7%, you'll get 6% or 6.5% on premature closure
- Tax Saver FD: No premature withdrawal before 5 years
- Senior Citizens: Some banks offer nil penalty
SBI FD Interest Rates 2025
| Tenure | General Public | Senior Citizens |
|---|---|---|
| 7 days - 45 days | 3.00% | 3.50% |
| 46 days - 179 days | 4.50% | 5.00% |
| 180 days - 210 days | 5.00% | 5.50% |
| 211 days - 1 year | 6.50% | 7.00% |
| 1 year - 2 years | 6.80% | 7.30% |
| 2 years - 3 years | 7.00% | 7.50% |
| 3 years - 5 years | 6.75% | 7.25% |
| 5 years - 10 years | 6.50% | 7.50% |
HDFC Bank FD Rates 2025
HDFC Bank offers FD rates ranging from 3.00% to 7.40% with senior citizen additional rates of 0.50%.
| Tenure | Interest Rate (General) | Senior Citizens |
|---|---|---|
| 7-14 days | 3.00% | 3.50% |
| 15-29 days | 3.50% | 4.00% |
| 30-90 days | 4.50% | 5.00% |
| 6 months - 9 months | 6.00% | 6.50% |
| 1 year | 7.00% | 7.50% |
| 2 years - 3 years | 7.25% | 7.75% |
| 3 years 1 day - 5 years | 7.00% | 7.50% |
| 5 years 1 day - 10 years | 7.40% | 7.90% |
ICICI Bank FD Interest Rates 2025
- 7-14 days: 3.00% (Senior: 3.50%)
- 6 months - 1 year: 6.70% (Senior: 7.20%)
- 1 year - 2 years: 7.00% (Senior: 7.50%)
- 2 years - 3 years: 7.10% (Senior: 7.60%)
- 400 days special: 7.25% (Senior: 7.75%)
- 5 years - 10 years: 7.30% (Senior: 7.80%)
Axis Bank FD Rates 2025
| Tenure | Interest Rate | Senior Citizen Rate |
|---|---|---|
| 7-29 days | 3.00% | 3.50% |
| 30-90 days | 3.50% | 4.00% |
| 6 months - 1 year | 6.50% | 7.00% |
| 1 year - 2 years | 6.90% | 7.40% |
| 444 days (Special) | 7.25% | 7.75% |
| 2 years - 3 years | 7.00% | 7.50% |
| 5 years - 10 years | 7.20% | 7.70% |
Post Office FD Scheme (Time Deposit)
- 1 Year TD: 6.90% p.a.
- 2 Year TD: 7.00% p.a.
- 3 Year TD: 7.10% p.a.
- 5 Year TD: 7.50% p.a.
- Minimum Deposit: ₹1,000 (no maximum limit)
- Tax Benefit: 5-year TD qualifies for Section 80C deduction
Other Bank FD Rates 2025
PNB (Punjab National Bank)
- 6 months - 1 year: 6.25% (Senior: 6.75%)
- 1 year - 2 years: 6.75% (Senior: 7.25%)
- 400 days special: 7.00% (Senior: 7.50%)
- 3 years - 5 years: 7.00% (Senior: 7.50%)
Bank of Baroda
- 181 days - 1 year: 6.50% (Senior: 7.00%)
- 1 year - 3 years: 6.85% (Senior: 7.35%)
- 666 days special: 7.25% (Senior: 7.75%)
YES Bank
- 1 year - 2 years: 7.25% (Senior: 7.75%)
- 18 months (Special): 7.50% (Senior: 8.00%)
IndusInd Bank
- 1 year - 2 years: 7.25% (Senior: 7.75%)
- 2 years - 5 years: 7.50% (Senior: 8.00%)
Senior Citizen FD Benefits
- Additional Interest: 0.25% to 0.75% over regular rates
- TDS Exemption Limit: ₹50,000/year (vs ₹40,000 for general)
- Special Schemes: SBI Wecare, SCSS (Senior Citizen Savings Scheme)
- Highest Rates: Small Finance Banks offer 8.5-9.5% for seniors
- No Penalty: Some banks offer nil penalty on premature withdrawal for seniors
SCSS vs FD Comparison
| Feature | SCSS | Senior Citizen FD |
|---|---|---|
| Interest Rate | 8.2% p.a. | 7.5-8.5% p.a. |
| Tenure | 5 years (extendable 3 years) | 7 days - 10 years |
| Max Investment | ₹30 lakh | No limit |
| Interest Payout | Quarterly | Monthly/Quarterly/Maturity |
| Tax Benefit | Section 80C (up to ₹1.5L) | Tax Saver FD only |
FD vs RD Comparison
| Feature | Fixed Deposit (FD) | Recurring Deposit (RD) |
|---|---|---|
| Investment Type | Lump sum one-time | Regular monthly installments |
| Minimum Amount | ₹1,000 (one-time) | ₹100-₹500/month |
| Interest Rate | 6.5-7.5% p.a. | Same as FD (6.5-7.5%) |
| Returns | Higher (compound on large sum) | Lower (compound on growing sum) |
| Best For | Lump sum investment | Regular savers with monthly surplus |
FD vs Mutual Funds SIP Comparison
| Parameter | Fixed Deposit | Mutual Fund SIP |
|---|---|---|
| Returns | 6.5-7.5% (guaranteed) | 10-15% (market-linked) |
| Risk | Zero (DICGC insured up to ₹5L) | Medium to High |
| Liquidity | Low (penalty on premature) | High (can redeem anytime) |
| Tax | Interest fully taxable | LTCG 12.5%, STCG 20% |
| Best For | Capital protection, short-term | Wealth creation, long-term (5+ years) |
How to Open FD Online
- Login to your net banking/mobile banking
- Select "Fixed Deposit" or "Investment" section
- Choose source account (savings account)
- Enter FD amount (minimum ₹1,000)
- Select tenure (7 days to 10 years)
- Choose FD type: Cumulative or Non-Cumulative
- Select interest payout frequency (for non-cumulative)
- Add nominee details (mandatory)
- Review and confirm FD details
- Submit and get instant FD receipt
FD Laddering Strategy
Fixed Deposit Laddering helps maximize returns while maintaining liquidity:
Example: Invest ₹5 lakh across 5 FDs:
- ₹1 lakh in 1-year FD at 6.5%
- ₹1 lakh in 2-year FD at 6.8%
- ₹1 lakh in 3-year FD at 7.0%
- ₹1 lakh in 4-year FD at 7.1%
- ₹1 lakh in 5-year FD at 7.2%
Benefits: Every year one FD matures, providing liquidity while earning higher average returns.
Corporate FD (Company Fixed Deposits)
- Returns: 7-9% (higher than bank FDs)
- Risk: Not insured by DICGC, credit rating dependent
- Top Issuers: Mahindra Finance, Bajaj Finance, Shriram Finance
- Credit Rating: Check AAA, AA+ ratings (CRISIL, ICRA)
- Tenure: 12 months to 60 months
NRI FD Accounts (NRE & NRO)
NRE Fixed Deposit
- Currency: Indian Rupees (INR)
- Funding: Foreign currency only
- Interest: 6-7.5% p.a. (tax-free)
- Repatriation: Fully repatriable (principal + interest)
NRO Fixed Deposit
- Funding: INR earnings from India or foreign currency
- Interest: 6-7.5% p.a. (taxable as per Indian tax laws)
- Repatriation: Limited (up to $1 million per year)
- TDS: 30.9% on interest (can be reduced with DTAA)
FCNR Fixed Deposit
- Currency: USD, GBP, EUR, CAD, AUD, JPY
- Tax: Interest tax-free in India
- Exchange Risk: No rupee fluctuation risk
Frequently Asked Questions (FAQs)
Q1. What is the minimum amount for Fixed Deposit?
Most banks require a minimum FD amount of ₹1,000. However, some banks allow as low as ₹100 for special FD schemes.
Q2. Which bank gives the highest FD interest rate?
Small Finance Banks like Suryoday, Ujjivan, and Equitas offer the highest FD rates (8-9%). Among major banks, Post Office FD offers competitive rates up to 7.5%.
Q3. Is FD interest compounded monthly or yearly?
FD interest is typically compounded quarterly (every 3 months). However, banks offer monthly, half-yearly, and yearly compounding options too.
Q4. Can I break FD before maturity?
Yes, most FDs can be broken prematurely after 7 days. Banks charge a penalty of 0.5-1% on the interest rate. Tax Saver FDs have a 5-year lock-in.
Q5. How much FD interest is tax-free?
FD interest up to ₹40,000 per year is exempt from TDS (₹50,000 for senior citizens). However, entire FD interest is taxable as per your income tax slab.
Q6. What is cumulative vs non-cumulative FD?
Cumulative FD: Interest compounds and is paid with principal at maturity. Non-Cumulative FD: Interest paid out monthly/quarterly/yearly.
Q7. Which is better: FD or PPF?
PPF offers tax-free returns (EEE status) with 7.1% interest but has 15-year lock-in. FD offers flexibility with 6.5-7.5% taxable returns. Choose based on your liquidity needs.
Q8. Can I take loan against FD?
Yes, banks offer loans up to 90-95% of FD value at interest rates 1-2% above your FD rate. No penalties or FD breaking required.
Q9. What happens to FD at maturity?
At maturity, the principal + interest is credited to your account. If auto-renewal is enabled, it's reinvested for same tenure at current rates.
Q10. Are FDs safe investments?
Yes, bank FDs up to ₹5 lakh per bank are insured by DICGC (Deposit Insurance and Credit Guarantee Corporation). Choose DICGC-insured banks for maximum safety.
Q11. What is the FD interest rate for ₹1 lakh?
For ₹1 lakh FD at 7% interest for 5 years with quarterly compounding, you'll earn approximately ₹41,478 interest, with maturity amount of ₹1,41,478.
Q12. Can I open FD with ₹500?
Post Office FD allows minimum ₹200, but most banks require minimum ₹1,000.
Q13. Which bank FD is best for 5 years?
Small Finance Banks (8-9%) offer highest rates. Among major banks: HDFC Bank (7.40%), IndusInd Bank (7.50%), Post Office (7.50%) offer best 5-year FD rates.
Q14. How to calculate FD maturity amount manually?
Use formula: M = P × (1 + r/n)^(n×t)
Example: ₹100,000 at 7% for 3 years, quarterly
compounding:
M = 100,000 × (1 + 0.07/4)^(4×3) = ₹1,23,204
Q15. Is FD interest credited monthly?
Non-cumulative FD pays interest monthly/quarterly/yearly. Cumulative FD compounds interest and pays at maturity with principal.
Q16. Can I transfer FD from one bank to another?
No, FD cannot be directly transferred. You must prematurely close in current bank (with penalty) and open new FD in another bank.
Q17. What happens if I don't renew FD at maturity?
Principal + interest is credited to your linked savings account. Amount earns only savings account interest (3-4%) instead of FD rates if left idle.
Q18. Can I change FD tenure after booking?
No, FD tenure cannot be changed once booked. You must close prematurely and book new FD with desired tenure (penalty applies).
Q19. Which is better: Monthly or quarterly interest payout FD?
Quarterly compounding earns more than monthly payout in long term. Choose monthly payout only if you need regular income.
Q20. How much tax will I pay on FD interest of ₹1 lakh?
FD interest is added to your total income and taxed as per slab. If you're in 30% tax bracket, you pay ₹30,000 + cess on ₹1L interest.
Q21. Can I get home loan against FD?
Yes, FD can be used as collateral for home loan. You get 90-95% of FD value as loan with interest rate typically 1-2% above FD rate.
Q22. What is sweep-in FD and how does it work?
Sweep-in FD (Auto FD) links savings and FD. When savings balance exceeds threshold, excess automatically converts to FD. When you need money, FD auto-breaks to fund withdrawal. Best of both worlds: FD returns + savings liquidity.
Q23. How to close FD online before maturity?
Login to net banking → Fixed Deposits → Select FD → Premature Closure → Confirm → Amount + interest (minus penalty) credited to savings account within 24 hours.
Q24. Is FD interest calculated on 365 days or 360 days?
Most banks calculate FD interest on 365 days basis (366 for leap year). Some NBFCs use 360-day method.
Q25. Which FD gives monthly income?
Choose Non-Cumulative FD with monthly interest payout. Example: ₹10 lakh at 7% gives ₹5,833/month. Best for retirees needing regular income.