FD Calculator India 2026 — Fixed Deposit Interest & Maturity
Apni FD maturity amount turant calculate karo. Interest earned, TDS impact, year-by-year growth, aur top bank FD rates compare karo — sab free.
FD Returns Calculate Karo
Year-by-Year Growth
| Year | Opening Balance | Interest Earned | TDS Deducted | Closing Balance |
|---|
Top Bank FD Rates India — 2026 (General & Senior Citizen)
| Bank | 1 Year | 2 Years | 3 Years | 5 Years | Senior + |
|---|---|---|---|---|---|
| SBI | 6.80% | 7.00% | 6.75% | 6.50% | +0.50% |
| HDFC Bank | 6.60% | 7.00% | 7.10% | 7.00% | +0.50% |
| ICICI Bank | 6.70% | 7.00% | 7.10% | 7.00% | +0.50% |
| Axis Bank | 6.70% | 7.10% | 7.10% | 7.00% | +0.50% |
| Bank of Baroda | 6.85% | 7.05% | 6.80% | 6.50% | +0.50% |
| PNB | 6.80% | 7.00% | 6.75% | 6.50% | +0.50% |
| Canara Bank | 6.85% | 7.00% | 6.70% | 6.50% | +0.50% |
| AU Small Finance | 7.25% | 7.50% | 7.50% | 7.25% | +0.50% |
| Unity Small Finance | 8.00% | 8.25% | 8.00% | 7.50% | +0.50% |
| Post Office TD | 6.90% | 7.00% | 7.10% | 7.50% | — |
Rates are indicative as of early 2026 and may change. Always verify on the bank's official website before investing. Small finance bank FDs are covered under DICGC insurance up to ₹5 lakh per depositor per bank.
FD Calculator Kaise Kaam Karta Hai — Complete Guide
A Fixed Deposit (FD) is one of the safest investment options in India. You deposit a lump sum with a bank for a fixed period and earn guaranteed interest. At maturity, you receive your principal plus accumulated interest. FDs are ideal for conservative investors, emergency funds, and short-to-medium term financial goals.
FD Interest Calculation Formula
Banks in India calculate FD interest using the compound interest formula:
Where P = deposit amount, r = annual interest rate (in decimal), n = compounding frequency per year (4 for quarterly), and t = tenure in years.
For example, ₹5 lakh at 7.10% for 5 years with quarterly compounding: Maturity = 5,00,000 × (1 + 0.071/4)^(4×5) = 5,00,000 × (1.01775)^20 = ₹7,10,489. You earn ₹2,10,489 in interest.
Understanding TDS on Fixed Deposits
Banks deduct TDS (Tax Deducted at Source) at 10% on FD interest when the total interest earned from a bank exceeds:
- ₹40,000 per year for regular depositors (under 60 years)
- ₹50,000 per year for senior citizens (60 years and above)
If you don't provide your PAN to the bank, TDS is deducted at a higher rate of 20%. To avoid TDS if your total income is below the taxable limit, submit Form 15G (below 60) or Form 15H (senior citizens) at the beginning of each financial year.
Types of Fixed Deposits in India
- Regular FD: Standard fixed deposit with flexible tenure (7 days to 10 years). Premature withdrawal allowed with a penalty of 0.5–1%.
- Senior Citizen FD: Same as regular FD but with 0.25–0.50% higher interest rate for depositors aged 60 and above.
- Tax Saver FD: 5-year lock-in period. Deposit amount (up to ₹1.5 lakh) is deductible under Section 80C of the old tax regime. No premature withdrawal allowed.
- Cumulative FD: Interest is compounded and paid at maturity — higher effective returns.
- Non-Cumulative FD: Interest is paid out monthly/quarterly/yearly — suitable for retirees needing regular income.
FD vs Other Investment Options
- FD vs SIP: FDs offer guaranteed 6.5–7.5% returns with zero risk, while SIPs in equity mutual funds offer 10–14% potential returns with market risk. FDs are for 1–3 year goals; SIPs for 5+ year goals.
- FD vs PPF: PPF offers 7.1% tax-free returns with a 15-year lock-in and Section 80C benefit. FDs offer similar rates but interest is taxable. PPF is better for long-term tax-saving; FDs for flexible tenure.
- FD vs RD: FDs require a lump sum investment. RDs (Recurring Deposits) allow monthly contributions — ideal if you don't have a lump sum. RD interest rates are usually slightly lower than FD rates.
- FD vs Debt Mutual Funds: Debt MFs offer potentially better post-tax returns (especially for investors in the 30% tax bracket) and more liquidity. However, they carry some credit and interest rate risk unlike FDs.
Frequently Asked Questions — FD Calculator
India mein FD interest kaise calculate hota hai?
Banks use compound interest — typically quarterly compounding. The formula is: Maturity = P × (1 + r/n)^(n×t). For ₹5 lakh at 7.1% for 5 years with quarterly compounding, you get ₹7,10,489 at maturity — earning ₹2,10,489 in interest.
FD interest par TDS kya hai?
Banks deduct TDS at 10% if your total FD interest from a bank exceeds ₹40,000 per year (₹50,000 for senior citizens). Without PAN, TDS is 20%. Submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.
2026 mein India mein sabse zyada FD rate kaunsa bank deta hai?
Small finance banks like Unity SFB (8–8.25%) and AU SFB (7.25–7.50%) offer the highest rates. Among large banks, HDFC, ICICI, and Axis offer 7–7.10% for 2–3 year tenures. Senior citizens get an additional 0.50% at most banks.
Kya India mein FD interest par tax lagta hai?
Yes, FD interest is fully taxable as 'Income from Other Sources' at your slab rate. Only the 5-year Tax Saver FD qualifies for Section 80C deduction (up to ₹1.5 lakh) under the old tax regime. Under the new regime, 80C is not available.
FD vs SIP — kaunsa better hai?
FDs are for safety and short-term goals (1–3 years) with guaranteed 6.5–7.5% returns. SIPs are for wealth building over 5+ years with potential 10–14% returns but market risk. Most financial planners recommend a mix of both based on your goals and risk tolerance.
Cumulative aur non-cumulative FD mein kya fark hai?
Cumulative FD pays interest at maturity (compounded) — larger lump sum. Non-cumulative FD pays interest periodically (monthly/quarterly) — ideal for retirees who need regular income. Cumulative gives slightly higher effective returns.
Disclaimer: This calculator provides estimates for educational purposes only. Actual FD returns depend on bank-specific terms, compounding method, and applicable TDS. Rates shown are indicative and may change. Priyanka Personal Finance does not sell any financial product. Always verify rates on the bank's website and consult a financial advisor before investing.