Calculate your Fixed Deposit (FD) maturity amount and interest earnings with our free FD calculator for India. Get accurate calculations for bank FDs, post office FDs, and corporate FDs with current interest rates. Our calculator helps you compare returns across different banks, tenures, and interest payout frequencies. Enter your principal amount, interest rate, and tenure to instantly see your maturity value and total interest earned. Essential for planning secure investments, parking surplus funds, or creating a fixed income stream. The calculator supports compound interest calculation for quarterly, half-yearly, and annual compounding, giving you precise projections. Fixed Deposits remain one of India's most popular investment options offering guaranteed returns with minimal risk. Perfect for conservative investors, senior citizens seeking regular income, or anyone building an emergency fund. Understand the impact of different interest rates and tenures on your returns. The calculator also helps you evaluate tax implications and choose the best FD tenure for maximum benefits. Use this tool to make informed decisions about your FD investments and maximize your earnings from this safe investment avenue.
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Current rates: Public banks 6.5-7%, Private banks 7-8%, Small finance banks 8-8.5%
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Fixed Deposit interest is calculated using compound interest formula for most tenures. Understanding this helps you choose the right bank and tenure for maximum returns.
A = P (1 + r/n)^(n×t)
Where:
• A = Maturity amount
• P = Principal deposit amount
• r = Annual interest rate (in decimal)
• n = Compounding frequency (4 for quarterly, 2 for half-yearly, 1 for annual)
• t = Tenure in years
Interest is taxable as per your income tax slab
| Bank Type | General Public | Senior Citizens | Best Tenure |
|---|---|---|---|
| SBI, PNB, BOB | 6.50% - 7.00% | 7.00% - 7.50% | 2-3 years |
| HDFC, ICICI, Axis | 7.00% - 7.50% | 7.50% - 8.00% | 1-2 years |
| YES, RBL, DCB | 7.50% - 8.00% | 8.00% - 8.50% | 18-24 months |
| Small Finance Banks | 8.00% - 8.50% | 8.50% - 9.00% | 2-3 years |
| Post Office | 7.00% - 7.50% | 7.50% - 8.00% | 5 years |
*Rates as of February 2026, subject to change. Always verify current rates
| Amount | 1 Year @ 7% | 3 Years @ 7.5% | 5 Years @ 8% |
|---|---|---|---|
| ₹1,00,000 | ₹1,07,123.00 | ₹1,24,613.00 | ₹1,48,595.00 |
| ₹5,00,000 | ₹5,35,615.00 | ₹6,23,067.00 | ₹7,42,974.00 |
| ₹10,00,000 | ₹10,71,229.00 | ₹12,46,134.00 | ₹14,85,947.00 |
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