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FD Interest Calculator

Calculate fixed deposit returns with SBI-style calculations. Get accurate maturity amounts, interest earnings, and compare FD rates across major banks for better investment decisions.

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Bank & FD Details

SBI
HDFC
ICICI
AXIS
PNB
BOB
₹
₹1,00,000
12 Months
%
6.5%
Current SBI FD Rates (General Public):
7-45 days 3.00%
46-179 days 4.50%
180-210 days 5.25%
1 year 6.50%(7.00% Senior)
2 years 6.75%(7.25% Senior)
3 years 6.75%(7.25% Senior)
5 years 6.50%(7.50% Senior)

Additional Options

Higher interest rates for senior citizens (typically +0.50%)
Choose how often you want to receive interest payments
Interest calculated on principal + accumulated interest

FD Investment Results

₹0
Total Maturity Amount
₹0
Total Interest Earned
0%
Effective Annual Yield

Enter FD details and click "Calculate FD Returns" to see your investment growth

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FD Investment Tips

  • Senior Citizen Benefits: Additional 0.25% to 0.50% interest for investors above 60 years
  • Tax Benefits: Tax saving FDs under Section 80C with 5-year lock-in
  • Premature Withdrawal: Usually allowed with penalty of 0.5% to 1% on interest rate
  • Auto-renewal: Most banks auto-renew FDs if instructions not given at maturity
  • Loan Against FD: Get loans up to 75-90% of FD value at lower interest rates

Accurate Calculations

Precise FD maturity calculations using SBI-style compounding formulas for reliable results

Bank Comparison

Compare FD rates across major banks to make informed investment decisions

Visual Reports

Detailed breakdowns and growth charts to understand your investment journey

Senior Citizen

Special rates and benefits for senior citizens with higher returns

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Frequently Asked Questions

What is the minimum amount for FD?

Most banks allow Fixed Deposits starting from ₹1,000, though some private banks may have higher minimum amounts around ₹5,000-₹10,000.

Can I withdraw FD before maturity?

Yes, but premature withdrawal usually attracts a penalty of 0.5% to 1% on the applicable interest rate. Some banks may not allow withdrawal before 3 months.

Are FD returns taxable?

Yes, interest earned from FDs is taxable as per your income tax slab. TDS is deducted if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.

What is the difference between cumulative and non-cumulative FD?

In cumulative FD, interest is compounded and paid at maturity. In non-cumulative FD, interest is paid out monthly, quarterly, half-yearly, or annually as per your choice.