Advanced Fixed Deposit Calculator

Calculate your fixed deposit returns with our comprehensive calculator featuring interactive charts, bank rate comparisons, and detailed analysis

Fixed Deposit Calculator

Calculate your FD returns with advanced features and bank rate comparisons

Deposit Parameters

Minimum ₹1,000. This is the amount you'll deposit in FD.
Minimum ₹1,000
Current FD rates typically range from 5% to 8%.
Current rates: 5-8%
FD tenure in years. Use months field for additional months.
0 to 10 years
Additional months beyond years (0-11 months).
0 to 11 months

Advanced Options

How often interest is compounded. Quarterly is most common.
Tax rate on FD interest. Varies based on income slab.
Based on your tax slab

Understanding Fixed Deposits

What is Fixed Deposit?

Fixed Deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date.

Benefits of FD
  • Guaranteed returns with capital protection
  • Higher interest rates than savings accounts
  • Flexible tenure options
  • Loan facility against FD
  • Tax benefits under certain conditions
How FD Interest is Calculated

FD interest is calculated using compound interest formula. The frequency of compounding (monthly, quarterly, etc.) affects the final maturity amount.

Important Considerations
  • Interest earned is taxable as per income tax slab
  • Premature withdrawal may attract penalty
  • Consider inflation impact on real returns
  • Compare rates across different banks
  • Senior citizens get higher interest rates
Important Note

Fixed deposits are subject to interest rate changes and tax implications. The calculations provided are for illustrative purposes only. Please consult with your bank for exact terms and conditions.

Current FD Rates (Indicative)

SBI
5.5-6.5%
1 year to 5 years
HDFC Bank
5.75-7%
1 year to 5 years
ICICI Bank
5.5-6.75%
1 year to 5 years
Axis Bank
5.75-7.25%
1 year to 5 years

Rates are indicative and subject to change. Please check with respective banks for current rates.

Related Calculators
SIP Calculator Recurring Deposit Calculator PPF Calculator Compound Interest Calculator Loan EMI Calculator Retirement Planning Calculator
FD Investment Tips
Compare Rates

Always compare FD rates across different banks and financial institutions to get the best returns.

Choose Right Tenure

Select tenure based on your financial goals. Longer tenures usually offer higher rates.

Consider Auto-renewal

Enable auto-renewal to avoid missing out on reinvestment opportunities at maturity.

Tax Planning

Consider tax implications on FD interest and plan accordingly for tax-efficient investments.