What is an FD Calculator?

An FD Calculator is an online tool that helps you calculate the maturity amount and interest earned on a Fixed Deposit investment. You enter the principal amount, interest rate, tenure, and compounding frequency to get instant results.

How is FD interest calculated in India?

FD interest in India is calculated using the compound interest formula: A = P × (1 + r/n)^(n×t), where P is principal, r is annual interest rate, n is compounding frequency per year, and t is tenure in years. Most Indian banks compound quarterly.

What is the typical FD interest rate in India?

FD interest rates in India typically range from 4% to 9% per annum depending on the bank, tenure, and deposit amount. Senior citizens usually get an additional 0.25% to 0.75% over regular rates.

Is TDS deducted on FD interest?

Yes, TDS (Tax Deducted at Source) is deducted at 10% if your FD interest exceeds ₹40,000 per year (₹50,000 for senior citizens). If PAN is not submitted, TDS is deducted at 20%.

What is the difference between simple interest and compound interest FD?

In simple interest FD, interest is calculated only on the principal amount. In compound interest FD, interest is calculated on both principal and accumulated interest. Most Indian banks offer compound interest FDs, which yield higher returns over time.

FD Calculator – Fixed Deposit Calculator India

🏦 Fixed Deposit Calculator

Quick Fill – Popular Bank Rates:

Principal Amount (₹)

₹

Annual Interest Rate (%)

Tenure

Compounding Frequency

Interest Type

Senior Citizen (additional +0.50% p.a.)

Maturity Amount

₹0

Principal Invested

₹0

Interest Earned

₹0

Investment Breakdown

Principal

Interest

📊 Year-by-Year Breakdown

Year	Opening Balance (₹)	Interest Earned (₹)	Closing Balance (₹)

📋 How to Use the FD Calculator

1

Enter Principal Amount

Type the amount you want to deposit. You can also click on a bank preset button to auto-fill the interest rate for popular Indian banks.

2

Set Interest Rate & Tenure

Enter the annual interest rate offered by your bank. Set the tenure in years and/or months (e.g. 1 year 6 months).

3

Choose Compounding Frequency

Select how often interest is compounded — quarterly is the most common option for Indian banks. Choose monthly for RDs.

4

Select Interest Type & Senior Citizen

Toggle between compound interest (default) and simple interest. Check the Senior Citizen box if applicable to get an extra 0.50% rate benefit.

5

Click Calculate & View Results

Hit the Calculate button to instantly see your maturity amount, total interest earned, a visual breakdown, and a year-by-year growth table.

ℹ️ About the FD Calculator

Our FD Calculator (Fixed Deposit Calculator) helps Indian investors quickly compute the maturity amount and interest earned on a fixed deposit. Whether you are comparing offers from SBI, HDFC, ICICI, Axis Bank, or PNB, this free tool gives you accurate results in seconds.

A fixed deposit is one of the safest investment instruments in India, offering guaranteed returns. The FD interest calculator uses the standard compound interest formula A = P × (1 + r/n)^n×t to compute the maturity value. Interest can be compounded monthly, quarterly, half-yearly, or yearly depending on your bank's policy.

Fixed deposit returns in India currently range between 5% and 9% per annum, with senior citizens receiving an additional 0.25%–0.75% benefit. Our calculator also supports simple interest mode for straightforward interest-only payout FDs. Use the year-by-year breakdown to understand exactly how your wealth grows over time.

❓ Frequently Asked Questions

An FD Calculator is an online tool that helps you calculate the maturity amount and interest earned on a Fixed Deposit investment. Enter the principal amount, interest rate, tenure, and compounding frequency to get instant results — no manual calculations needed.

FD interest in India is typically calculated using the compound interest formula: A = P × (1 + r/n)^n×t, where P is the principal, r is the annual interest rate (as a decimal), n is the number of compounding periods per year, and t is tenure in years. Most Indian banks compound interest quarterly.

FD interest rates in India typically range from 4% to 9% per annum depending on the bank, tenure, and deposit amount. As of 2024–25, major banks like SBI offer around 6.5%–7.1%, HDFC up to 7.4%, and ICICI up to 7.25% for regular customers. Senior citizens usually get an additional 0.25% to 0.75% on top of regular rates.

Yes, TDS (Tax Deducted at Source) is deducted at 10% if your total FD interest from a bank exceeds ₹40,000 per financial year (₹50,000 for senior citizens). If you have not submitted your PAN, TDS is deducted at 20%. You can submit Form 15G (or 15H for seniors) if your total income is below the taxable limit to avoid TDS.

A Cumulative FD (compound interest) reinvests the interest back into the principal, so you receive the entire maturity amount at the end of the tenure — resulting in higher overall returns. A Non-Cumulative FD (simple interest) pays out interest at regular intervals (monthly, quarterly, etc.), suitable for those needing regular income. Our calculator supports both types.