FD Calculator
Fixed Deposit Calculator
Calculate maturity amount and interest earned on your Fixed Deposit. Compare different compounding frequencies.
Enter FD Details
₹1,00,000
10,0001,00,00,000
₹10K₹1 Cr
7%
312
3%12%
5 years
110
1 Yr10 Yrs
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TDS impact on returnsCompare across banksInflation-adjusted returnsSenior citizen rates
Current SBI FD Rates (General):
1 Year
6.80%
3 Years
7.00%
5 Years
6.50%
About Fixed Deposits
A Fixed Deposit (FD) is a financial instrument where you deposit a lump sum for a fixed tenure at a predetermined interest rate. FDs are considered one of the safest investment options.
Why Choose FD?
- ✓Guaranteed returns - no market risk
- ✓DICGC insurance up to ₹5 lakh per bank
- ✓Flexible tenure from 7 days to 10 years
- ✓Senior citizens get 0.50% extra interest
Compound Interest Formula
A = P x (1 + r/n)^(n x t)
Where A = Maturity Amount, P = Principal, r = Interest Rate, n = Compounding frequency, t = Tenure in years
Tax on FD Interest
Interest earned on FD is taxable as per your income tax slab. TDS is deducted at 10% if interest exceeds ₹40,000 (₹50,000 for senior citizens) per year. Tax-saving FDs under Section 80C have a 5-year lock-in.