Calculate your Fixed Deposit maturity amount, interest earned, and post-tax returns. Compare rates across major Indian banks.
| Principal Invested | — |
| Total Interest Earned | — |
| Maturity Amount (Pre-tax) | — |
| TDS Deducted (10%) | — |
| Additional Tax if any | — |
| Post-Tax Maturity | — |
| Effective Post-Tax Return | — |
| Bank | 1 Year | 2–3 Year | 5 Year (Tax Saver) | Senior Citizen (+) |
| SBI | 6.80% | 7.00% | 6.50% | +0.50% |
| HDFC Bank | 6.60% | 7.00% | 7.00% | +0.50% |
| ICICI Bank | 6.70% | 7.00% | 7.00% | +0.50% |
| Axis Bank | 6.70% | 7.10% | 7.00% | +0.50% |
| Kotak Mahindra | 7.10% | 7.20% | 6.20% | +0.50% |
| Small Finance Banks | 8.00%+ | 8.50%+ | 8.00%+ | +0.50% |
*Rates are indicative as of Q4 2024-25. Check with your bank for current rates.
FD uses compound interest: A = P × (1 + r/n)^(nt), where P = principal, r = annual rate, n = compounding periods/year, t = years. Quarterly compounding (n=4) is standard for most Indian bank FDs.
If interest earned in a financial year exceeds ₹40,000 (₹50,000 for senior citizens), banks deduct 10% TDS. Submit Form 15G (below 60 years) or Form 15H (senior citizens) if your total income is below taxable limit to avoid TDS deduction.
5-year Tax Saver FDs qualify for Section 80C deduction up to ₹1.5 lakh. However, interest is fully taxable. These are best for people who want guaranteed returns with 80C benefit.
Q: Is FD interest taxable in India?
A: Yes. FD interest is fully taxable as \'Income from Other Sources\' at your income tax slab rate. Unlike PPF, FD does not enjoy any tax-exempt status, so higher earners (20-30% bracket) will pay more tax on FD returns.
Q: What is TDS on Fixed Deposit?
A: Banks deduct 10% TDS if your annual FD interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G (below 60 years) or Form 15H (senior citizens) if your income is below the taxable limit to avoid TDS.
Q: What is the difference between cumulative and non-cumulative FD?
A: Cumulative FD reinvests the interest along with the principal, and you receive the total amount at maturity (suitable for wealth building). Non-cumulative FD pays interest at regular intervals — monthly, quarterly, or annually — providing regular income (suitable for retirees).
Q: Is FD safe in India?
A: Yes. Bank FDs are covered by DICGC (Deposit Insurance and Credit Guarantee Corporation) insurance up to ₹5 lakh per depositor per bank. PSU bank FDs are considered the safest; small finance bank FDs offer higher rates but with slightly higher risk.
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