🏦 FD Calculator

Principal Amount

Annual Interest Rate

Tenure (Years)

Tenure (Months — additional)

Compounding Frequency

Payout Frequency (Non-Cumulative)

Is Senior Citizen?

Income Tax Slab (for TDS)

⚠️ TDS is deducted at 10% if interest exceeds ₹40,000/year (₹50,000 for senior citizens). Submit Form 15G/15H if income is below taxable limit to avoid TDS.

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Maturity Amount

🏦 FD Interest Rates — Major Banks (2025)

Indicative rates for general public. Senior citizens get +0.25% to +0.75% extra. Rates subject to change — verify with bank before investing.

Bank	1 Year	2 Years	3 Years	5 Years	Senior (+)

Click any row to use that bank's 1-year rate in calculator. Data: indicative as of 2025.

📋 Year-wise FD Growth

Run the calculator first to see year-by-year growth.

Period	Opening Balance	Interest Earned	TDS Deducted	Closing Balance
Run the calculator first.

📐 How FD Interest Is Calculated

Cumulative FD — Compound Interest Formula

M = P × (1 + r/n)^(n×t) Where: M = Maturity Amount P = Principal r = Annual interest rate (decimal) n = Compounding frequency per year (4 = quarterly, 12 = monthly, etc.) t = Tenure in years Example: ₹5,00,000 at 7.25% p.a., quarterly, 3 years M = 5,00,000 × (1 + 0.0725/4)^(4×3) M = 5,00,000 × (1.018125)^12 M = 5,00,000 × 1.2399 M ≈ ₹6,19,952

Non-Cumulative FD — Simple Interest on Payout

Periodic Interest = P × r × (1/n) Where n = payout frequency per year Monthly payout: P × r / 12 Quarterly payout: P × r / 4 Note: The principal is returned at maturity. Total interest = P × r × t (simple interest)

TDS on FD Interest

TDS Rate: 10% if PAN provided, 20% if not TDS Trigger: Regular: Interest exceeds ₹40,000/year per bank Senior Citizen: Interest exceeds ₹50,000/year To avoid TDS: Form 15G — for non-senior citizens with nil tax Form 15H — for senior citizens with nil tax Net interest after TDS = Gross Interest × (1 - TDS%) Your actual tax = Interest × Your slab rate Tax refund = Slab tax - TDS paid (if overpaid)

Effective Annual Yield (EAY)

EAY = (1 + r/n)^n - 1 Example: 7.25% p.a. compounded quarterly EAY = (1 + 0.0725/4)^4 - 1 EAY = (1.018125)^4 - 1 EAY = 1.07437 - 1 EAY = 7.437% The effective yield is higher than the nominal rate because of quarterly compounding of interest.

❓ Frequently Asked Questions

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🏦 FD Calculator

🏦 FD Calculator

📊 FD Breakdown

🏦 FD Interest Rates — Major Banks (2025)

📋 Year-wise FD Growth

📐 How FD Interest Is Calculated

Cumulative FD — Compound Interest Formula

Non-Cumulative FD — Simple Interest on Payout

TDS on FD Interest

Effective Annual Yield (EAY)

❓ Frequently Asked Questions

📊 Key FD Facts (2025)

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