Finance tool
FD calculator
Enter principal, rate, and tenure — see maturity, interest earned, and TDS. Quarterly compounding + senior-citizen bonus built in.
Start with the free manual tool. If you want the real document view after that, analyze a statement PDF.
Free tool
Indian FD maturity calculator
Enter principal, annual rate, tenure, and compounding frequency. Optional senior-citizen toggle adds 0.5% bonus. The calculator shows maturity, interest earned, TDS deducted, and net payout.
Fixed Deposit inputs
Indian FD rates (2026): major banks 6.5-7.5%, small finance banks 7.5-9%, senior citizens get 0.5% extra.
₹5.00 lakh
Annual rate quoted by the bank.
Most FDs range from 7 days to 10 years.
Most Indian FDs compound quarterly. Senior-citizen FDs often offer monthly interest payout.
₹5.00 lakh × 7.25% p.a. compounded quarterly × 5 years.
Amount you invested.
7.25% quarterly compounded for 5 years.
Banks deduct 10% TDS on interest over ₹40,000/year (₹50k for seniors).
After TDS (if applicable).
TDS: 10% deducted by bank when annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens).
Tax on interest: Full interest is taxable as "Income from Other Sources" at your slab rate. TDS is just an advance.
Senior citizens can claim ₹50k exemption under Section 80TTB.
Natural next step
Where's your cash actually sitting?
Bank FDs compete with other savings options — look at your bank statement to see how much cash is idling in low-yield savings accounts that could move to an FD. Upload for a breakdown.
What it gives you
Fast enough for a first pass
Each tool is intentionally narrow. The job here is a clean estimate, not a fake replacement for a full statement analysis.
Indian banking conventions
Quarterly compounding default matches Indian banking convention — accurate to the rupee.
Senior citizen bonus
Senior citizen toggle adds 0.5% bonus across the calculation — one click.
TDS net payout
TDS deduction math shown separately so you see the net payout, not just gross maturity.
When it's useful
Fixed Deposit calculator with quarterly compounding (Indian default), senior citizen bonus, and TDS math.
FD shoppers comparing banks
Plug in rates from SBI, HDFC, ICICI, Axis, and small finance banks to see maturity difference. Small rate differences compound meaningfully over 5-10 years.
Senior citizens planning income
Toggle the senior citizen checkbox to see the 0.5% bonus rate's impact. Also shows TDS threshold at ₹50k instead of ₹40k.
NRIs choosing NRE vs NRO FD
NRE FDs are tax-free; NRO FDs are taxable with 30% TDS. Model both at the same rate to see net-of-tax difference.
Laddering FD portfolios
Run multiple FDs at different tenures to see how a 1/3/5-year FD ladder compares to a single 5-year FD for liquidity plus yield.
Deeper context
FD vs SIP — when to pick which
Both have a place in a portfolio.
Short-term (under 3 years): FD wins
Equity mutual funds are volatile in the short run. FDs give guaranteed returns. For near-term goals (down payment, wedding, emergency fund), FDs are the right tool even though equity has higher long-term returns.
Long-term (10+ years): SIP wins
Indian equity funds have historically delivered 10-14% CAGR. FDs at 7% simply can't keep up over decades. For retirement and long-horizon wealth building, systematic equity investment wins.
Tax-efficiency matters
FD interest is taxed at your slab rate (up to 30%). Equity LTCG above ₹1 lakh is 10-12.5%. After tax, the SIP advantage is even larger than pre-tax returns suggest.
Deeper context
Senior citizen FD strategy
Three specific tactics for Indians 60+.
Use Section 80TTB fully
₹50,000/year of FD / savings interest is tax-exempt for senior citizens. At 7.75% (with senior bonus), that's about ₹6.45 lakh of FD earning tax-free interest under the exemption.
Form 15H for TDS relief
If your total taxable income is below the threshold (₹5 lakh for seniors), submit Form 15H to banks each financial year to stop TDS deduction. Prevents needing to claim refund later.
Senior Citizen Savings Scheme (SCSS)
Government-backed alternative paying 8.2% (2026) for seniors. Tax benefits under 80C on investment up to ₹30 lakh. Often beats bank FDs for safety-first seniors.
FAQ