FD Calculator
Estimate fixed deposit maturity value at current bank rates.
₹1 lakh in an FD at 7% for 5 years matures to about ₹1.41 lakh. FDs are fully taxable at your slab — at a 30% slab, that 7% is really 4.9%, barely beating inflation. Fine for short goals and emergency money; poor for long-term wealth.
How to use the fd calculator
- Enter the deposit amount.
- Set the interest rate and tenure.
- See maturity value and interest earned.
FD Calculator — FAQs
What are current FD rates in India?
Major banks offer roughly 6.5–7.5% for 1–5 year tenures; small finance banks go up to ~8.5%. Senior citizens get an extra 0.5%.
Is FD interest taxable?
Yes, fully — added to your income and taxed at your slab. TDS of 10% applies if annual interest exceeds ₹40,000 (₹50,000 for seniors).
FD vs RD?
Same rates usually; FD needs the full amount upfront, RD builds it monthly. Pick based on whether you have the lump sum.
What happens on premature withdrawal?
You get a lower rate (typically 0.5–1% less than the contracted rate) plus possible penalties. Ladder FDs across tenures to avoid this.
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