FD Calculator — Free Online

Why use FD Calculator?

Fixed Deposits remain a popular safe-haven investment in India. Knowing the exact maturity value helps you compare bank offers, plan for goals like school fees, and decide between FDs and alternatives like debt funds.

How it works

Enter principal — The amount you'll deposit.
Set interest rate and tenure — Use the rate the bank quotes.
Choose compounding frequency — Most Indian FDs compound quarterly.

Tips & best practices

Senior citizens typically get 0.25–0.50% extra interest.
Tax-saver FDs (5-year lock-in) qualify under Section 80C up to ₹1.5L.
Spread large deposits across banks — DICGC insurance covers ₹5L per bank.

Frequently asked questions

How is FD interest taxed?+

Fully taxable as per your slab. TDS at 10% applies if interest exceeds ₹40,000/year (₹50K for seniors).

Can I withdraw early?+

Yes, with a 0.5–1% interest penalty depending on the bank.

What is cumulative vs non-cumulative?+

Cumulative reinvests interest (use this calculator). Non-cumulative pays out monthly/quarterly.

Is FD better than debt mutual funds?+

FDs offer guaranteed returns; debt funds may give better post-tax returns over 3+ years.