FD Calculator
Calculate fixed deposit maturity amount for Indian banks.
About FD Calculator
The FD Calculator is one of the tools fixed deposit investors and senior citizens reach for most on ToolsOfIndia, and it works equally well on a phone or a desktop. Wherever rules differ by slab, state or regime, the tool shows the full breakup instead of hiding it inside one opaque number. Enter the deposit, the tenure in days, months or years and the bank interest rate, and the calculator shows maturity value using both simple and compound interest as banks actually credit. Senior citizen rates, which are 0.25 to 0.50 per cent higher, and the quarterly compounding used by most Indian banks are reflected. The TDS threshold of Rs 50,000 for non-seniors and Rs 1 lakh for seniors, deducted at 10 per cent if PAN is given, is shown so you know the net credit. The output also notes premature withdrawal penalties, which is where most FD investors lose money without noticing. It earns its keep when comparing FD rates across three banks, when deciding between cumulative and quarterly payout, and whenever checking TDS on a senior citizen FD. Bookmark it once and it is ready whenever the need comes up again.
How to Use the FD Calculator
- Open the FD Calculator tool above — it loads instantly in your browser.
- Enter your values in the input fields provided.
- The result updates immediately — no calculate button needed (or click Calculate where shown).
- Copy or use your result directly. Nothing is stored or sent to any server.
Key Features of FD Calculator
- All tenures
- Quarterly compounding
- Maturity amount
- Simple and compound modes
- Senior citizen rate
- TDS threshold flag
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Frequently Asked Questions
How is fixed deposit interest calculated?
FD interest is calculated using compound interest formula: A = P(1 + r/n)^(nt). Most Indian banks compound interest quarterly on FDs, though some offer monthly payouts.
What are the current FD interest rates?
Indian banks offer FD rates from 3% (short-term) to 8.5% (long-term senior citizens). Small finance banks offer higher rates up to 9% for longer tenures.
Is FD interest taxable?
Yes, FD interest is taxable as income. TDS of 10% is deducted if annual interest exceeds Rs. 40,000 (Rs. 50,000 for senior citizens). Submit Form 15G/15H to avoid TDS.
Is FD interest taxable?
Yes, the entire interest is added to your income and taxed at your slab rate; TDS of 10 per cent is deducted only above Rs 50,000 a year for non-seniors.
What is the senior citizen extra rate?
Most Indian banks offer 0.25 to 0.50 per cent extra to those above 60, and the calculator lets you toggle this on.