Calculate your Fixed Deposit maturity amount and interest earned. Enter principal, interest rate, and tenure for instant FD returns.
Enter the lump sum amount you want to deposit as a fixed deposit.
Enter the annual interest rate, tenure in years, and the compounding frequency your bank offers.
Instantly see your maturity amount, principal, and total interest earned.
The ToolCentrix FD Calculator helps you calculate the maturity amount and interest earned on a Fixed Deposit for any principal, interest rate, tenure, and compounding frequency. Fixed Deposits are one of the most popular savings instruments in India, offering guaranteed returns with capital protection.
How FD interest is calculated: Most bank FDs use the compound interest formula: A = P × (1 + r/n)^(n×t), where P is principal, r is annual rate, n is compounding periods per year, and t is tenure in years. Most banks in India compound FD interest quarterly, though some may compound monthly or annually.
FD interest rates in India (2025): Public sector banks like SBI offer 6.5–7.1% for general customers. Private banks such as HDFC and ICICI offer 7–7.5%. Small finance banks like AU and Jana offer higher rates of 8–9% for specific tenures. Senior citizens typically get 0.25–0.50% additional interest on all FDs.
Tax on FD interest: FD interest is fully taxable as income from other sources. Banks deduct TDS at 10% when annual interest exceeds ₹40,000 (₹50,000 for senior citizens). If you are in the 30% tax bracket, your effective post-tax FD return will be significantly lower. Submit Form 15G (or 15H for seniors) to avoid TDS if your total income is below the taxable limit.
Tax-saving FD: A 5-year tax-saving FD qualifies for Section 80C deduction up to ₹1.5 lakh per year. However, interest earned on these FDs remains taxable and premature withdrawal is not permitted.
This calculator is for indicative purposes. Always verify rates and terms with your bank before investing. Free to use, no sign-up required.