FD Calculator 2026 – Fixed Deposit Interest & Maturity Calculator

Fixed Deposit Calculator 2026

Calculate FD maturity amount, interest & TDS — all in one place

Principal Amount (₹) *

Total amount you want to deposit in FD

Annual Interest Rate (%)

SBI: 6.5–7.0% | HDFC: 7.0–7.5% | Senior Citizen: +0.50%

Tenure

Enter years and additional months (e.g. 1 yr 6 months)

Compounding Frequency

Most banks compound FD interest quarterly

Investor Type

Senior citizens get 0.25–0.50% extra interest rate

TDS Applicable?

TDS deducted if interest > ₹40,000/yr (₹50,000 for seniors)

Principal

–

Interest Earned

–

Maturity Value

–

TDS Deducted

–

Net Amount

–

Effective Rate

–

Principal vs Interest

–

Interest %

Principal–

Interest–

Year-wise Growth Chart

Year-wise Breakup

Year	Opening Balance	Interest	Closing Balance

Disclaimer: This is an indicative calculation. Actual FD maturity may vary based on bank-specific compounding policies and prevailing rates. Consult your bank or a financial advisor before investing.

Best FD Rates 2026 – Bank Comparison

Bank	1 Yr	3 Yr	5 Yr	Sr. Citizen
SBI	6.80%	6.75%	6.50%	+0.50%
HDFC Bank	7.10%	7.25%	7.00%	+0.50%
ICICI Bank	7.00%	7.00%	7.00%	+0.50%
Axis Bank	7.10%	7.20%	7.10%	+0.75%
Kotak Bank	7.10%	7.25%	6.20%	+0.50%
Post Office	6.90%	7.10%	7.50%	Same
🏆 Small Fin.Banks	8.00%	8.50%	9.00%	+0.50%

*Indicative rates. Verify with bank before investing. Subject to change.

Quick FD Scenarios

Post Office FD Rates 2026

1 Year6.90%

2 Year7.00%

3 Year7.10%

5 Year (Tax Saver)7.50%

FD Interest Taxable?

FD interest is fully taxable as per your slab. Our tax experts help you file ITR with correct FD interest income, TDS credit, and Form 26AS reconciliation.

File ITR with FD Income Calculate Tax on FD Income

Understanding Fixed Deposit

Key facts every FD investor in India must know

What is Fixed Deposit?

A Fixed Deposit (FD) is a savings instrument where you deposit a lump sum for a fixed period at a predetermined interest rate. The interest rate is locked regardless of market changes.

Deposit Insurance

Bank FDs are insured by DICGC up to ₹5 lakh per depositor per bank. This makes FDs one of the safest investment options in India for capital protection.

TDS on FD Interest

If annual FD interest exceeds ₹40,000 (₹50,000 for seniors), the bank deducts TDS at 10%. Submit Form 15G/15H if your total income is below taxable limit.

Tax-Saving FD (80C)

5-year Tax-Saving FDs qualify for Section 80C deduction up to ₹1.5 lakh. However, the interest earned is still taxable as per your income tax slab rate.

📝 Complete Guide

FD Calculator – Complete Guide 2026

Everything you need to know about fixed deposit calculation, interest rates, TDS, and smart FD investing in India

Basics First

What is an FD Calculator and Why Do You Need One?

A fixed deposit calculator 2026 is a free online tool that instantly computes your FD maturity amount, total interest earned, TDS deducted, and the net amount you receive at the end of your FD tenure. Whether you are comparing options across SBI, HDFC, ICICI, or a post office FD, a reliable fd calculator online saves you from manual computation errors and gives you a complete picture in seconds.

The need for a fd maturity calculator arises because the actual FD return is not just the principal × rate × time. Most banks in India compound interest quarterly, which means the effective yield is slightly higher than the nominal rate. Additionally, TDS at 10% is deducted on interest above ₹40,000 per year, which reduces your actual in-hand returns. A proper fd interest calculator accounts for all of these factors — compounding frequency, tenure in years and months, TDS applicability, and senior citizen premium rates.

              
              Quick Fact: ₹1 lakh deposited at 7% for 3 years with quarterly compounding grows to approximately ₹1,23,145 — not ₹1,21,000 as simple interest would suggest. The quarterly compounding adds an extra ₹2,145. Our fd calculator 2026 handles this automatically.
            

₹1 Lakh at 7% – 3 Years

₹1.23L

Quarterly Compounding

Principal₹1,00,000

Interest₹23,145

TDS (10%)– ₹2,314

Net In-Hand₹1,20,831

Rate Landscape

FD Interest Rate 2026 – Best Rates Across Banks

The fd interest rate 2026 landscape is more attractive than it was in previous years, primarily because the Reserve Bank of India (RBI) kept the repo rate elevated through 2024-25 to manage inflation, which translated into higher deposit rates across banks. However, rates are beginning to soften as the RBI moves toward a more accommodative monetary stance.

Here is a summary of where the best fd rates 2026 stand across different bank categories:

SBI FD Calculator 2026: SBI currently offers 6.5% to 7.0% across tenures, with the highest rate on 2–3 year deposits. Senior citizens receive an additional 0.50% under the SBI "We Care" scheme.
HDFC FD Calculator 2026: HDFC Bank offers 7.0–7.5% depending on tenure, with the sweet spot at 15–33 months. Senior citizens get an additional 0.50%.
ICICI FD Calculator: ICICI Bank rates are broadly similar to HDFC at 7.0–7.25%, with iDeposit online FDs sometimes offering a slightly higher rate.
Post Office FD Calculator 2026: Post Office FDs (National Savings Time Deposit) offer government-backed safety. The 5-year post office FD at 7.5% is one of the best risk-free FD options available, and it also qualifies for Section 80C deduction.
Small Finance Banks: Entities like Jana SFB, Unity SFB, and Ujjivan SFB offer 8.5–9.5% — significantly higher, but with higher risk (though still DICGC insured up to ₹5 lakh).

              
              Rate Tip: Use the fd rate of interest calculator 2026 above to compare how much difference 0.5% makes over 3 years. On ₹5 lakh, the difference between 7.0% and 7.5% is approximately ₹7,900 in additional interest.
            

₹5 Lakh FD – Rate Comparison (3 Yr)

SBI @ 6.75%₹6,11,478

HDFC @ 7.25%₹6,19,814

ICICI @ 7.00%₹6,15,622

Post Office @ 7.10%₹6,17,438

Small Fin. Bank @ 8.50%₹6,38,972

Best vs SBI Difference+₹27,494

FD Types

Cumulative vs Non-Cumulative FD – Which Should You Choose?

When you open a fixed deposit, you have a fundamental choice to make: do you want interest to compound and be paid at maturity (Cumulative FD), or do you want regular interest payouts throughout the tenure (Non-Cumulative FD)? This choice significantly affects both the total interest earned and your cash flow — which is why our fixed deposit calculator 2026 handles both types.

Cumulative FD: Interest is compounded (quarterly by default) and added back to the principal. No payouts during the tenure. You receive a lump sum at maturity. This is ideal for wealth accumulation — use our fd calculator yearly view to see the compound growth each year.
Non-Cumulative FD (Monthly / Quarterly Payout): Interest is calculated on simple interest basis and paid out at regular intervals (monthly, quarterly, half-yearly, or annually). The principal is returned at maturity. This is perfect for retirees and senior citizens who need a regular income stream — use the fd calculator monthly or fd calculator quarterly payout options in our tool.

              
              Key Difference: A ₹5 lakh Cumulative FD at 7% for 3 years yields ~₹1,16,500 total interest at maturity. The same Non-Cumulative FD with monthly payouts yields approximately ₹2,917/month but only ~₹1,05,000 total — less because simple interest is used for payouts, not compounding. For wealth building, Cumulative wins. For income, Non-Cumulative is the choice.
            

Cumulative FD

Interest compounds quarterly
Higher total interest earned
Lump sum at maturity
Best for wealth accumulation
Suits young investors

Non-Cumulative FD

Regular income every month/quarter
Simple interest on payouts
Lower total interest
Best for regular income needs
Ideal for retirees & senior citizens

Tax Implications

TDS on FD Interest – Everything You Need to Know

One of the most important — and often misunderstood — aspects of fixed deposit investing is the tax treatment. Our fd calculator with tax computation ensures you see the real net return after TDS, not just the gross interest figure that banks advertise.

Here are the key TDS rules that apply to FD interest income in India:

TDS Threshold: Banks deduct TDS only if your annual FD interest across all FDs in that bank exceeds ₹40,000 for regular depositors and ₹50,000 for senior citizens.
TDS Rate with PAN: 10% on the interest amount exceeding the threshold
TDS Rate without PAN: 20% — always provide your PAN to the bank to avoid this
Form 15G / 15H: If your total income is below the basic exemption limit (₹2.5L for regular, ₹3L for seniors under old regime, or ₹7L under new regime), you can submit Form 15G (regular) or Form 15H (senior) to the bank to prevent TDS deduction entirely.
TDS vs Final Tax: TDS is only an advance deduction — not your final tax liability. If your actual tax liability is lower, you can claim TDS as a refund when filing your ITR. This is why FD interest must be reported in your income tax return every year.

              
              Important: TDS is deducted annually by the bank — not just at maturity. Even on a 3-year cumulative FD, the bank deducts TDS every year on the accrued interest (even though you don't receive it until maturity). This can cause cash flow issues, which is why timely ITR filing with TDS credit claim is essential.
            

TDS Calculation Example

FD Amount₹5,00,000

Rate7.25% p.a.

Tenure2 Years

Annual Interest₹36,250

TDS Threshold₹40,000

TDS Applicable?NO ✓

Full Interest Received₹36,250

Senior Citizens: Threshold is ₹50,000/year. Additionally, Section 80TTB allows a deduction of ₹50,000 on interest income for senior citizens under the Old Tax Regime.

How to Use

How to Use Our Free FD Calculator – Step by Step

Our fd calculator online is the most complete FD tool available — it handles both cumulative and non-cumulative FDs, quarterly and monthly compounding, TDS computation, and gives you a year-wise growth table. Here is how to use it:

Select FD Type: Cumulative or Non-Cumulative

Choose Cumulative if you want interest to compound and be received at maturity (wealth building). Choose Non-Cumulative if you need regular interest payouts. The fd calculator monthly and fd calculator quarterly payout options are both available under Non-Cumulative.

Enter Principal, Interest Rate & Tenure

Enter your deposit amount, set the annual interest rate using the slider (use the bank comparison table on the right for current fd interest rate 2026 reference), and specify the tenure in years and months. Our tool works as both an fd calculator india for annual tenures and a precise calculator for odd tenures like 1 year 6 months.

Choose Compounding Frequency & Investor Type

Select quarterly (standard for most banks), monthly, or annual compounding. Select Senior Citizen investor type to see results at the senior citizen premium rate. This turns our tool into a true sbi fd calculator 2026 or hdfc fd calculator 2026 depending on which bank's rate you enter.

Set TDS Applicability

Choose whether TDS at 10% applies (if annual interest exceeds ₹40,000), 20% (no PAN), or none (Form 15G/15H submitted). This makes our tool a complete fd calculator with tax computation — showing both gross maturity and net amount after TDS.

Calculate and Analyse

Get instant results: principal, interest earned, total maturity value, TDS deducted, net amount, effective yield, a donut chart, a year-wise bar chart, and a scrollable fd calculator yearly breakup table. No registration required — completely free.

FD vs RD Planning: Use our Quick Scenario buttons to compare what different FD amounts yield. For a systematic deposit approach, check our Compound Interest Calculator which works for RD-style comparisons. Our tool also doubles as an fd amount calculator — if you have a target maturity amount, adjust the principal until you hit your goal.

FD vs RD

FD vs RD – Which is Better?

The fd vs rd calculator comparison comes down to your cash flow situation. A Fixed Deposit requires you to invest a lump sum upfront, while a Recurring Deposit (RD) allows you to deposit a smaller fixed amount every month — similar to a SIP in mutual funds.

FD: Higher total returns since the entire principal earns interest from day one. Best when you have a lump sum available (bonus, maturity, windfall).
RD: More accessible for salaried investors — no large upfront amount needed. But total returns are lower since each instalment compounds only for its remaining tenure.
FD Rate: Usually 0.25–0.5% higher than RD rate for the same bank and tenure.
Tax Treatment: Both FD and RD interest is taxable at your income slab rate. TDS applies to both when interest exceeds ₹40,000 per year.

Smart FD Tips

5 Smart Tips to Maximise Your FD Returns

FD Laddering: Instead of one large FD, split into multiple FDs with different maturities (1, 2, 3 years). This provides liquidity without penalty and lets you reinvest at higher rates if they increase.
Senior Citizen Premium: If you have parents aged 60+, invest through them to earn 0.25–0.75% higher interest with no change in tax treatment.
5-Year Tax Saving FD: Use ₹1.5 lakh in a 5-year FD to claim Section 80C deduction — especially valuable under the Old Tax Regime.
Submit Form 15G/H early: Do this at the start of the financial year to prevent unnecessary TDS deductions that you'd otherwise have to claim back via ITR.
Compare Post Office rates: Use our post office fd calculator 2026 scenario — the 5-year POTD at 7.5% is often better than bank FD rates with government-backed safety.

Quick Reference

FD Maturity Reference Table 2026 – ₹1 Lakh at Various Rates & Tenures

The table below shows FD maturity amounts for ₹1 lakh at various interest rates and tenures with quarterly compounding. Use this alongside our fd calculator india for quick reference when comparing bank offers:

Tenure	@ 6.5%	@ 7.0%	@ 7.25%	@ 7.5%	@ 8.0%
1 Year	₹1,06,680	₹1,07,186	₹1,07,441	₹1,07,697	₹1,08,243
2 Years	₹1,13,807	₹1,14,888	₹1,15,434	₹1,15,969	₹1,17,166
3 Years	₹1,21,382	₹1,23,145	₹1,24,034	₹1,24,927	₹1,26,824
5 Years	₹1,37,968	₹1,41,478	₹1,43,254	₹1,45,046	₹1,48,594
7 Years	₹1,56,748	₹1,61,935	₹1,64,574	₹1,67,243	₹1,72,817
10 Years	₹1,87,714	₹1,96,715	₹2,01,383	₹2,06,103	₹2,20,804

          
          Values above are for ₹1,00,000 principal with quarterly compounding before TDS. Use our fd amount calculator above to get precise results for any principal amount. Enter any bank's current rate — our tool instantly works as an sbi fd calculator 2026, hdfc fd calculator 2026, or icici fd calculator depending on which rate you input.
        

Frequently Asked Questions

Common questions about FD calculation, interest rates, and tax in India

The fd interest rate 2026 ranges from 6.5% to 7.75% across major banks for regular depositors. SBI currently offers 6.5–7.0%, HDFC Bank 7.0–7.5%, ICICI Bank 7.0–7.25%, and Post Office 5-year FD at 7.5%. Senior citizens receive an additional 0.25–0.75% premium. Small Finance Banks offer rates as high as 8.5–9.5% with DICGC insurance up to ₹5 lakh. Use our fd rate of interest calculator 2026 above to compute exact returns at any rate.

For Cumulative FD with quarterly compounding: M = P × (1 + r/4)^(4n), where M is maturity amount, P is principal, r is annual interest rate (decimal), and n is years. For Non-Cumulative FD: monthly payout = P × r / 12. This is why using an fd maturity calculator is easier than manual computation — especially for odd tenures like 15 months or 2 years 6 months. Our tool handles all these scenarios automatically.

TDS is deducted annually by the bank on accrued interest, not just at maturity — even for cumulative FDs where you don't receive the interest until the end. This means the bank calculates the interest that has accrued in that financial year and deducts TDS if it exceeds ₹40,000. This is why it's important to submit Form 15G or 15H at the beginning of each financial year if you are not in the taxable bracket, and to report FD interest and claim TDS credit in your annual ITR filing.

Form 15G is a self-declaration form submitted by individuals (below 60 years) whose total income is below the basic exemption limit, requesting the bank not to deduct TDS on FD interest. Form 15H is the equivalent form for senior citizens (60+ years). Both must be submitted to the bank at the start of each financial year. If you submit these forms, the bank will not deduct TDS — but you are still responsible for paying any applicable tax on FD interest when you file your ITR. Our fd calculator with tax shows you the impact of TDS versus no TDS on your net returns.

In a Non-Cumulative FD with monthly payout, interest is calculated on simple interest basis and paid every month. In quarterly payout, it is paid every three months. Monthly payouts are slightly lower per period because interest is divided into 12 parts rather than 4, but the total annual payout is the same. The fd calculator monthly option in our tool shows the exact monthly payout amount, while fd calculator quarterly shows what you receive each quarter. Monthly payout FDs are popular among retirees who need regular income.

A 5-year tax-saving FD is worth it primarily under the Old Tax Regime where Section 80C deduction of up to ₹1.5 lakh applies. If you are in the 30% tax bracket, the 80C benefit alone reduces your tax by ₹46,800 on a ₹1.5 lakh FD — effectively boosting your returns significantly. However, the interest earned on a 5-year FD is still fully taxable at your slab rate. Under the New Tax Regime, no 80C deduction is available, making the tax-saving FD less attractive. ELSS mutual funds and PPF are often better alternatives for long-term 80C planning.

FD and SIP serve different investor profiles. FDs offer guaranteed returns (6.5–7.5% currently), capital safety (DICGC insured up to ₹5 lakh), and are ideal for short to medium-term goals (1–5 years) where capital protection matters. SIP in equity mutual funds offers potentially higher returns (10–15% historically) but with market risk, making it better for long-term goals (7+ years) where volatility can be absorbed. For a balanced portfolio, financial planners typically recommend keeping 3–6 months of expenses in FDs as an emergency fund and channelling long-term savings into SIP for wealth creation.