FD Calculator
Calculate Fixed Deposit maturity with quarterly compounding. Check TDS, compare rates, and see senior citizen bonus (+0.5% extra rate).
FD Details
₹
Minimum varies by bank (₹1,000 - ₹10,000)%
Bank rates: 6.5% - 8% typicallymonths
Min: 7 days, Max: 10 years (most banks)Most banks: Quarterly
Get +0.5% extra interest rate
🏦
Enter FD details
About Fixed Deposit (FD)
Fixed Deposit is a safe investment where you deposit a lump sum for a fixed period at a fixed interest rate. Principal and interest are guaranteed by the bank/DICGC (up to ₹5 lakh per depositor per bank).
Key Features
- Interest Rates: 6% - 8% p.a. (varies by bank and tenure)
- Tenure: 7 days to 10 years (most banks)
- Compounding: Quarterly (most banks), some offer monthly/half-yearly
- Senior Citizen Bonus: +0.25% to +0.75% extra (most banks +0.5%)
- Safety: DICGC insured up to ₹5L per depositor per bank
- Premature Withdrawal: Allowed (penalty: 0.5% - 1% on rate)
Types of FD
- Regular FD: Fixed rate for entire tenure
- Tax-Saver FD: 5-year lock-in, 80C benefit (up to ₹1.5L)
- Cumulative FD: Interest compounded, paid at maturity
- Non-Cumulative FD: Interest paid monthly/quarterly/yearly
- Flexi FD: Linked to savings, auto-sweep facility
Interest Payment Options
- Cumulative: Interest reinvested, lumpsum at maturity (highest returns)
- Monthly Payout: Interest paid every month (for regular income)
- Quarterly: Interest paid every 3 months
- Yearly: Interest paid annually
- At Maturity: Simple interest paid at end (lowest returns)
TDS (Tax Deducted at Source)
- Threshold: ₹40,000/year (₹50,000 for senior citizens 60+)
- Rate: 10% TDS if interest exceeds threshold
- Form 15G/15H: Submit if income below taxable limit to avoid TDS
- PAN Required: 20% TDS if PAN not provided
- Interest Taxable: Added to income, taxed as per slab
Premature Withdrawal
- Allowed after minimum period (varies: 7 days to 3 months)
- Penalty: 0.5% - 1% reduction in interest rate
- Some banks: No penalty for senior citizens/medical emergencies
- Interest paid: At reduced rate for actual period held
Tax-Saver FD (80C)
- Lock-in: 5 years (no premature withdrawal)
- Tax Benefit: 80C deduction up to ₹1.5L
- Interest: Taxable (no exemption unlike PPF)
- Rate: Usually same as regular 5-year FD
- Who Should Choose: Those needing 80C benefit with safety
FD Interest Rates by Tenure (Indicative)
| Tenure | General | Senior (60+) |
|---|---|---|
| 7 days - 45 days | 3.0% | 3.5% |
| 46 days - 6 months | 5.5% | 6.0% |
| 6 months - 1 year | 6.5% | 7.0% |
| 1 year - 2 years | 7.0% | 7.5% |
| 2 years - 3 years | 7.25% | 7.75% |
| 3 years - 5 years | 7.5% | 8.0% |
| 5 years - 10 years | 7.0% | 7.5% |
💡 Rates vary by bank. Check with your bank for exact rates.
FD vs Other Options
- FD vs Savings: FD 6-8% vs Savings 3-4%; FD locked, Savings liquid
- FD vs RD: FD lumpsum, RD monthly; FD slightly higher rate
- FD vs PPF: PPF 7.1% tax-free vs FD 7% taxable; PPF 15-year lock-in
- FD vs Mutual Funds: FD safe 7% vs MF risky 10-12%; FD guaranteed
When to Choose FD?
- Need guaranteed returns (no market risk)
- Short to medium term (1-5 years)
- Park emergency fund surplus
- Senior citizens seeking regular income
- Conservative investors avoiding equity
Pro Tips
- Ladder FDs (different maturities) for liquidity + higher returns
- Choose cumulative for highest returns (compounding)
- Compare rates across banks (small finance banks offer 8-9%)
- Senior citizens: Always mention age for bonus rate
- Submit Form 15G/15H if no tax liability
- Avoid premature withdrawal (loses ~1% interest)