FD Calculator
Fixed Deposit Calculator
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Maturity Amount
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Interest Earned
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TDS Deducted
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Net Amount (after TDS)
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How to Use
- Enter the deposit amount in rupees
- Enter the interest rate offered by your bank
- Select tenure in months and compounding frequency
- Check "Senior Citizen" if applicable for higher TDS limit
Best FD Interest Rates 2026 — Top Banks
| Bank | 1 Year | 3 Years | 5 Years | Senior + |
|---|---|---|---|---|
| SBI | 6.80% | 6.75% | 6.50% | +0.50% |
| HDFC Bank | 6.60% | 7.00% | 7.00% | +0.50% |
| ICICI Bank | 6.70% | 7.00% | 7.00% | +0.50% |
| IDFC First | 7.25% | 7.50% | 7.25% | +0.50% |
| IndusInd Bank | 7.25% | 7.50% | 7.50% | +0.50% |
| Unity SFB | 8.50% | 8.00% | 8.25% | +0.50% |
Frequently Asked Questions — Fixed Deposit
At 7% with quarterly compounding: Interest = ₹71,859, Maturity = ₹10,71,859. TDS of 10% applies on interest above ₹40,000 (₹50,000 for seniors). Net interest after TDS ≈ ₹68,673. Submit Form 15G/15H if your total income is below taxable limit.
Yes, 10% TDS on interest exceeding ₹40K/year (₹50K for seniors). To avoid: Submit Form 15G (below 60 yrs) or 15H (senior citizens) if your total income is below taxable limit. Without PAN, TDS is 20%.
Small Finance Banks lead: Unity SFB (8.5-9.0%), Ujjivan SFB (8.25%), AU SFB (8.0%). Among large banks: IDFC First (7.25-7.50%), IndusInd (7.50%). Note: deposits up to ₹5 lakhs are insured by DICGC regardless of bank size.
FD gives guaranteed 7% with zero risk. SIP in equity funds may give 12-15% but with volatility. For 5-year goal: If you cannot afford any loss, choose FD. If you can handle short-term dips, equity SIP historically outperforms. A balanced approach: 50% FD + 50% balanced fund SIP.
Disclaimer: This calculator is for educational purposes only. Consult a financial advisor for investment decisions. Actual values may vary based on lender terms.